Here to Help - Heavy Refurb Bridging
Take advantage of Permitted Development changes with Short-Term Finance
Under new ‘Permitted Development’ rules which have recently been introduced by Government, residential homeowners are now able to add an extra two floors to their homes without the need for full planning permission.
Similarly, local councils will no longer be able to prevent property conversions where unused commercial and retail buildings are changed into residential units. This rule removal will be of particular interest to many professional investors and developers.
Heavy Refurb Bridging - short term loans to make bigger changes. Crystal can help you secure funding for those larger refurb projects.
What constitutes 'Heavy' Refurb bridging?
Lenders will have differing criteria for determining this but the following is what is generally referred to as 'heavy'.
- Structural changes (e.g. two rooms made into one)
- Planning permission required
- New extension or building (on the same land)
- Change of property purpose (e.g. commercial to residential)
- Adding new floors
- Changing the footprint of the building
Development and Bridging finance can be complex but that is why we’re here. Our expert team is here to make this easily accessible to you and your client.
Typical earnings are £3,582*
*Assumes Crystal Specialist Finance average development loan size and 1% broker commission.
For all other enquiries speak to our team
01827 301 070
or visit our website