Fast £133,000 Staffordshire Residential Refurbishment Funding

Funded:

£133,333

Location:

North West

Property Type:

Residential

Funding:

Refurbishment Loan

How do you secure property funding without expensive surveyor fees? You work with Seneca Bridging. We leverage 20 years of lending excellence to deliver fast, clear decisions and flexible, short-term finance that gets complex deals done.

The Deal

  • Location: Staffordshire
  • Property Type: Residential
  • Funding: Purchase and Refurbishment
  • Facility Size: £133,000

The Challenge

Very experienced investors with a multi-million-pound portfolio needed swift, reliable funding to facilitate the purchase and light renovation of a residential property in Staffordshire. In a fast-moving market, traditional funding delays caused by third-party valuations and strict monitoring can put profitable acquisitions at risk.

The Seneca Solution

Working alongside broker Paul Hinchley-Bradshaw of Signature Specialist Finance (pictured) and Relationship Director, Sean Carbery, Seneca structured a flexible £133,000 facility.
  • Day-One Funding: We released £82,500 immediately against the purchase price.
  • Renovation Works: A further £33,000 was allocated for build costs.
  • Speed & Certainty: To bypass traditional bottleneck delays, Seneca accepted a desktop valuation, which was received in less than 24 hours.
  • Cost Savings: We approved self-certified drawdowns, saving the client both time and money by removing the need for a Quantity Surveyor.

With legal support from CG Professional, this deal proves how Seneca’s direct access to decision-makers unlocks value quickly.
The Client already has a second facility progressing through legal stages, supported again by their broker, Paul Hinchley-Bradshaw and Relationship Director,
Sean Carbery.

Bridging Loans – Key Features

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  • Fast Decisions: Initial responses typically delivered within hours—perfect for time-sensitive situations like auction purchases.
  • Loan Size: £100,000 – £2.5 million.
  • Loan-to-Value (LTV): Up to 75% of the end value (Gross Development Value or market value), with flexibility available on a case-by-case basis.
  • Desktop valuations are available
  • Term: Usually up to 12 months, but occasionally longer if LTV can support it.
  • Interest Roll-Up: Interest can be “rolled up” and repaid at exit, easing cash-flow pressure during the loan term.
  • Interest Serviced: Interest can also be “serviced” allowing a larger day 1 cash drawdown (subject to serviceability).
  • Exit Strategy Required: Clear repayment strategy—such as sale or refinance—must be established at the outset.
  • Security: First legal charge on the property is required.
  • Transparent Costs: Arrangement fees typically start at 1%. No early repayment or exit fees, and no hidden admin charges.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Bridging Loans

Refurbishment Loans – Key Features

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  • Loan Size: From £100,000 to £2.5 million, with flexibility for more complex projects.
  • Term Length: Up to 18 months, giving you time to complete works and exit.
  • Market Leading Loan-to-Value (LTV): Up to 75% of post-works value (GDV) based on a 180-day VP valuation.
  • Interest: Rolled up and paid at the end of the term—preserving your working capital.
  • Security: Requires a first legal charge on the subject property.
  • Exit Strategy: Must be clear—either via refinance or sale post-refurb.
  • Transparent Fees: Arrangement and exit fees from 1%, no early repayment penalties, no unnecessary admin charges.
  • QS Monitoring Costs: Only for complex schemes (Seneca does not add internal monitoring fees), no QS required if refurb cost is sub £50k and works are non-structural.
  • Desktop Valuations Considered: Desktop valuations also considered if works are sub £50k (property value up to £300k).
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Refurbishment Loans

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