80% net bridging finance for light and heavy refurbishment projects

by | Jan 3, 2023 | Products

Designed for projects such as:

  • LIGHT REFURBISHMENT: Works that fall under permitted development, works that require building regulation sign-off, residential to HMO conversions of up to six tenants, replacement windows, decoration, light central heating and electrical work, internal reconfiguration, full rewire, installation of new bathrooms and kitchens.
  • HEAVY REFURBISHMENT: Conversions such as large HMOs & MUFBs that require planning permission and heavier schemes of works.

Criteria highlights:

  • Rates from 0.89%
  • £100k to £5m
  • 6 – 18 month terms
  • Rolled up interest
  • Same rate regardless of exit strategy (sale or let)
  • Planning permission is not required on day one
  • First-time landlords considered

TO FIND OUT MORE OR TO DISCUSS AN ENQUIRY, CALL: 01277 508 959 OR EMAIL: helpdesk@brightstarfinancial.co.uk SUBJECT TO STATUS.  PRODUCTS AND CRITERIA CAN BE WITHDRAWN WITHOUT NOTICE. FOR INTERMEDIARIES ONLY.

RELATED NEWS

RELATED NEWS

Development property insurance

Development property insurance

Development property insurance Objective & outcome Solstar was approached by this client seeking buildings insurance for a property they were purchasing to renovate. The goal was to finalise renovations within an 8-month timeframe, before selling. Solstar promptly...

Another seamless completion assisted by Solstar

Another seamless completion assisted by Solstar

Another seamless completion assisted by Solstar Objective & outcome This client was in the final stages of completing their property transaction when a last-minute issue arose regarding insurance coverage; the buildings insurance provided did not include...

Comprehensive private health cover for you and your family

Comprehensive private health cover for you and your family

Comprehensive private health cover for you and your family.Objective & outcome Solstar recently assisted a client who faced a sudden loss of private health care when his wife departed her job who provided this. This left our client, his wife and their two children...

Second charge mortgage saves dream holiday home purchase

Second charge mortgage saves dream holiday home purchase

Second charge mortgage saves dream holiday home.Obstacle Our clients had made a significant commitment to purchasing a holiday home abroad. They had already invested £12,000 to secure the property but encountered a major setback when their mortgage application fell...