Conversion Finance
Parameters
Loan Size: £100,000 to £50,000,000
Maximum Gearing: Up to 85% LTV with 100% build cost
Term: Up to 36 months
Location: Nationwide
KEY FEATURES OF THIS PRODUCT
- Provides access to funds for property conversions , that need converting an existing property into a change of use or purpose for the property ,to enhance the value of your property for capital gain and passive income
- Interest on the loan can be retained at the beginning of the loan
- Monies are released on staged drawdowns through out the term of the build and loan to practical completion
- Examples of property conversion are:
- Converting an existing residential house into residential apartments
- Converting an existing residential house into an hmo
- Converting an existing residential house into a children’s nursery
- Converting an existing office block into a residential apartments
- Converting a former public house into a residential apartments, hmo , serviced accommodation
- Converting a former warehouse into hotels, apart hotels, serviced accommodation
- Converting former retail units into restaurants , bars , apart hotels, serviced accommodation
Testimonials
The team are thorough, knowledgeable, and always a pleasure to deal with.
Managing Director
Scott Marshall
Their efficiency and proactivity are unparalleled, ensuring smooth transactions.
Senior Associate
Sarah McGuinness
We understand your pain
Do you want to…
- Obtain painless, simplified property development funding for your project(s)?
- Achieve financial freedom and the lifestyle you want?
- Have and enjoy financial security for yourself and your family?
- Be a successful, admired and respected property developer?