Purchasing unmodernised or run-down property in need of work, renovation or refurbishment? We have a mortgage for you.

Great news for property renovators!
Buy property in need of refurbishment to renovate now with this new mortgage: Only 25% Deposit No rental assessment BTL or Sell for profit Portable mortgage Requires no bridging finance so no longer stuck in bridge payments for 6months! Buy - Renovate or update - Rent or Sell

Properties in need of renovation come onto the market for various reasons, repossessions, out of probate, neglected rental property, distress sales or even situations where the vendor may be keen just to sell rather than update the property themselves.

Unmodernised houses and flats requiring varying levels of refurbishment and modernisation are prime for property renovators to create a desirable home and potentially highly profitable return on investment. Allthough finding such properties in the first instance may take time  there are property agents particually in Greater London who specialise in unmodernised property sales to make finding property easier. 

Our new renovation and property make-over mortgage is perfect for buying an investment property for renovation to sell on for profit or keep as a BTL for rental income.

If you purchase a property cash, remember that money will be tied up for a minimum of 6 months as mortgage lenders wont offer you a remortgage until a duration of six months has past since the initial date of purchase.  Whereas in the past property buyers could buy with bridging and exit to a remortgage within a few weeks.

We can help you get a mortgage on even neglected houses where BTL lenders refuse to lend. All lenders now operate this six month rule, so it is vital to get a mortgage arranged in the first instance. If you are purchasing from auction we can still arrange the mortgage usually within the 28days, without needing bridging finance! Call us

Mortgages for buying property to renovate Home improvement loans Light refurbishment mortgages

Buy run-down and neglected property to renovate for profit with our renovators mortgage. The only BTL investors mortgage where the condition of the property is not so much of a concern to the lender as long as it has a working kitchen and bathroom making the property habitable. You can then purchase the property and renovate to a standard to rent out or to sale without needing specialist bridging or development finance

This mortgage is unique, it allows you to purchase a residential property in need of renovation, modernisation, interior remodeling & makeovers. The property it self may not be suitable for renting in its current condition and as such would be declined to lend on by other BTL lenders. 

The property must be in a habitable condition with a working kitchen and working bathroom & WC. The property must also be structurally sound free from ongoing structural movement and other simular building defects.  The mortgage requires no rent asessment, therefore enabling you to purchase properties you were previously unable to buy due to non-lettable & run-down condition or that the rental value in its current un-modernised state would be too low to cover the mortgage payments.

Most properties property investors buy simply require a new kitchen, new bathroom, and a re-decoration through out before the property is re-presented to the market and sold at a good profit.  Investors may take advantage of "buy now pay later" free interest deals from popular diy stores such as B & Q  to purchase a new kitchen or bathroom suite and defer payment for 6 to 12 months giving time for the property to be done up and sold.

Other run down properties for renovation may only require the most basic of kitchen and bathroom installs, a quick magnolia decoration, and good garden & yard clean up powerwash may be all that is demanded to get top money for the property once back on the market in a few short months.

Buying at the right price a property for renovation can be a very good investment as tens of thousands can be added to the value of the property from a simple and well planned make-over presenting the property to target prospective buyers desires. Some investors even rent stylish furniture to create a stunning and lavish impression on buyers, and even estate agents valuing the property!  If you purchase new furniture it is also wise to buy stylish yet simple peices that you can use in your next renovation project. Be sure also not to over crowd a room with oversized furniture as it will end up dominating the room making it seem cramped or too small for prospective buyers to imagine their own lifestyle fitting in. Decorative touches can then be added with modern lighting, quality mirrors, throws and couch cushions to create stunning looks for not too much money.

Depending on the scope of the property and market price ceiling in that area, it may be more profitable to extend the property converting an old attic room to another bedroom or study, or rebuilding an attached outbuilding to create even larger living space. Add a modern design open plan kitchen diner to appeal to more buyers.  Other popular renovations include upgrading of central heating systems, double glazing windows, patio or sliding glass doors.  The exterior presentation of the property is also important, a new coat of paint and cleaning brickwork can make a huge difference to the property.

Untidy and stale looking back yards can detract from the properties value and saleability. Yards and small gardens need not put off buyers as they can be easily transformed with sections of decking, decorative stones, potted ferns and palms, and some stylish outdoor furniture. Create another living space outdoors as somewhere the prospective buyer can easily imagine themselves enjoying al-fresco style summer dining with family and friends.

Makeover an old yard to add value

Larger gardens can be tidied up to look far more inviting with unsightly areas of the garden obscured from immediate view behind willow or brush screen panels. Decking walk ways to inter-connecting larger decked areas, paved surfaces, and lawn areas will add intregue and a new perspective to a boring large flat lawn. Existing decking, masonary, stone work, and mouldy areas can be quickly restored to look new with a rented pressure washer.

For more information on our range of property renovation mortgages or to apply, call us today where we will be pleased to assist. we can provide mortgage illustrations via email for you to review prior to your property to renovate purchase.