A new an exciting residential mortgage product has been launched into the marketplace this week. If you are looking to buy a run-down property to refurbish for living in, not only can my broker get you 95% of your purchase costs, they can also get 95% of the costs of the refurbishment!! This removes the problem homeowners face as a result of lenders not normally releasing money until the work is done.
Features include:
• Lending up to 95% of the purchase price
• Lending up to 95% of the refurbishment costs
• Guaranteed stage payments in advance of each stage
• Offset facility, meaning you only pay interest on the funds you are actually using
• You can stay in your existing home while the refurbishment takes place
• Fast track (self certified income) available up to 75%