What are refurbishment loans?

Whether you are looking to generate more rental income or add value to your portfolio, MT Finance is here to get your short-term refurbishment loan completed in a matter of days.

Our short-term loan products are designed to meet the many diverse needs of property investors and landlords. Borrowers can apply as individuals, sole traders or through limited companies, and we do not require a minimum credit score, accounts, or proof of income, and do not require personal guarantees. This allows us to take a practical, common-sense approach to lending.

One of the most obvious advantages of a short-term loan is the speed at which it can be completed. MT Finance regularly helps investors buy properties and make the necessary renovations, by providing funds with speed and agility.

MT Finance can make decisions within hours of initial enquiry and funds can be released in a matter of days. This prevents investors and landlords from missing out on opportunities, or leaving properties sitting in portfolios without generating returns while they wait for financing from long-term lenders.

Product Features:

  • Rates from 0.75%
  • 1st & 2nd charge loans
  • Loans from £50,000- £10,000,000
  • Up to 70% LTV
  • Terms from 1-24 months
  • Residential, commercial, & semi-commercial property
  • Adverse credit, CCJs, and arrears considered
  • No up-front fees, exit fees, no ERCs
  • No personal guarantees required
  • No credit scoring

For many investors and developers, the difference between success and failure is being able to finance a project, with our finance providing solutions and empowering borrowers to turn their aspirations into achievement.

With no up-front fees, early repayment or exit fees, MT Finance will always help you access the most competitive rate, tailoring a solution to you financial requirements.

To find out more about our short-term refurbishment loans, or if you have an project you wish to discuss, contact one of our short-term loan experts on 0203 051 2331 or fill in our contact form and someone will be in touch shortly.

Quick Enquiry:

What is a Short-Term Refurbishment Loan?

Short-term refurbishment loans are available to property investors, landlords and developers looking to upgrade their residential, commercial or mixed-use investment asset, before renting it out or selling it on at a higher value.

Light Refurbishment loans

Non-structural changes to the layout, where no planning permission or building regulations are required. Common light refurbishments include a new bathroom, new kitchen, redecoration etc. before the property can be marketed for rental/resale.

Heavy refurbishment loans

This is where there are structural changes to the property and planning permission or building regulations are required. The types of heavy refurbishment accepted include basement digs, loft conversions, completing a development project and commercial conversions to residential.

You can read more about Heavy Refurbishment loans here .

How can a short-term refurbishment loan help?

With mainstream lenders implementing tougher restrictions, it has been harder for landlords and property investors to get a buy-to-let mortgage, faced with more hoops to jump through in a time-consuming process. This can hinder those requiring fast access to funds.

What’s more, for those looking to buy investment properties in need of major refurbishment the difficulty in accessing mortgages from high-street banks has intensified, as banks are less likely to lend on uninhabitable properties.

A short-term loan gives investors the freedom to enhance the value of their properties, providing a solution when high-street banks are unable to lend the amounts required in the necessary time-frame.

One of the most obvious advantages of a short-term loan is the speed at which it can be completed. MT Finance regularly helps investors buy properties and make the necessary renovations, by providing funds with speed and agility.

MT Finance can make decisions within hours of initial enquiry and funds can be released in some instances in less than a week. This prevents investors and landlords from missing out on opportunities, or leaving properties sitting in portfolios without generating returns while they wait for financing from long-term lenders.