Cheapest buy to let mortgages for property refurbishment.

 

Sometimes a property comes along which is perfect for the private rental market, however it needs a make-over - a lick of paint, a new kitchen or bathroom. Our property refurbishment mortgages enable you to buy the property, complete the works and raise additional funds against the refurbished valuation.

 

Example - The lender will initially advance up to 70% of the purchase price, followed by second stage funds release once works are completed up to 70% of the afterworks value to a maximum of an additional £25k. Improvements must be carried out within 3 months of completion and prior to letting. The table below highlights some of the options available on the market.

 

The cheapest buy to let mortgage for your limited company buy to let will depend on your personal circumstances, your deposit available, your property and your investment objectives. All figures are correct as at March 2010 and are based on a loan size of £150,000: