Conversion Finance
We can help you to get the right Conversion Loan.
We don’t charge any fees upfront.
Find out how much you could borrow today!
Call or WhatsApp us 07966259069
If you’re looking to carry out structural works to an investment property, we can help with our lenders on our panel.
Our lenders of heavy refurb product is designed to help property investors and developers fund their renovation, with speed and with minimum fuss. What’s more, we can also provide 100% of the build costs in stages to keep your costs down.
Borrowers can apply as individuals or through limited companies and lenders will also consider all credit histories, including borrowers with CCJs and a history of arrear.
acceptable conversions
It is a requirement that on all loans full planning permission and/or building regulation consent has been obtained. Where work has commenced planning permission must be evidenced.
Provided there is an existing structure that will remain, and is in wind and watertight condition, we will consider the following transactions:
- Conversion of a commercial property into a residential property- i.e. small office block into flats, warehouses or pubs into a residential property
- Conversion of a single residence into multiple flats, and vice-versa
- Completion of an existing ground-up development- i.e. you have reached a wind and watertight stage (late Phase II/ early Phase III) but require funds to complete
- Outbuilding and barn conversions- i.e. existing outbuildings being converted into holiday cottages/investment properties
- Extensions or loft conversions to existing residential properties- i.e. increasing usable floor space, creating additional rooms
- Basement digs
how can a short-term loan help?
Where there are structural changes to the property, and planning permission or building regulations are required, a short-term loan could allow you to renovate property for a quick turnaround.
The biggest selling points of a short-term compared to mainstream lending are speed and flexibility. We have lenders often able to make lending decisions within hours of initial enquiry and release funds in less than two weeks, preventing property investors and developers from missing out on time-sensitive opportunities that come their way.
Each application will be individually assessed depending on the type of the property, your experience, and the viability of your exit. It is a requirement with all short-term loans that you have a viable exit strategy. The most common exit strategies are to refinance the property through a buy-to-let lender or the sale of the property.