The residential refurbishment loan is aimed at borrowers who are looking to access capital either to buy, refurbish and sell properties or to development and invest in single properties.
The product is available from £250,000 to £1.5m, with interest rates from 0.59% per month and a maximum LTV of 70%.
- Assetz Capital provides funding for 12 new London homes
- P2P platform provides £3.4m for luxury development
- Developer secures £1.9m from P2P platform for Merseyside projects
Damien Druce, director and head of intermediary sales at Assetz Capital (pictured above), said: “The UK property market is one in which we have a great deal of expertise and we’ve seen demand from intermediaries increase significantly for their landlords and smaller developer clients that are looking to invest in refurbishment projects.
“Not only will our loans help to enhance the value of properties, but it means that landlords can make their portfolios much more desirable to renters.
“We’re always striving to improve and develop our product range and this latest move comes on the back of feedback from intermediaries and significant growth in our development finance loans.”