We use cookies to improve your browsing experience on our site, analyse site traffic and understand where our audience is coming from. Refurbishment Bridge Loans - Our loans can support refurbishment work on any existing structure. This calculator is for illustrative purposes only. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. A home equity loan is a lump sum drawn from your home equity, paid back like a traditional loan. However, as a quick quote, there may be more we can do if you speak to our in-house experts. United Kingdom, Call:    020 7495 1927 This cookies is set by Youtube and is used to track the views of embedded videos. Refurbishment finance is a special type of short-term financing. Refurbishment finance is a special type of short-term financing. Case Studies Oblix Capital is a trading name of Oblix Capital Ltd, which is a limited company registered in England and Wales number 7572383. Careers, Berkeley Square House, £7,500,000. © Copyright 2019 Oblix Capital. Alternative Finance Brokerage Extension and default fees may apply. A full kitchen remodel might require 250 square feet of tile, new cabinets, a quartz countertop, and gallons of paint (use a paint calculator to determine exactly how much you'll need). It contains runtime information about the viewport and screen resolution, these data are used on any page refresh to calculate the correct Adaptive Images. Whether you are carrying out internal or structural work, the ability to make refurbishments can significantly increase the value of your property or business premises and maximise the potential rent that you can charge to tenants. Intermediary support0800 116 4385. Get quick and easy access to your home value, neighborhood activity and financial possibilites. Broker / Packager Fee (payable at Application): Broker / Packager Fee (payable at Completion): Slavery and Human Trafficking Statement 2019. Property Details; Type of loan; ... help You cannot exceed the maximum loan available based on the maximum LTV for the corresponding type of property selected above. The estimate should be free, and this will give you a chance to compare and contrast options and perhaps even haggle your way to a better price. Granite countertops will cost you anywhere from $60 to $100 per square foot, but you can get a similar look for less with man-made quartz for $40. Estimated current property value. The results produced by this bridging loan calculator are intended only to provide a guide to the costs associated with this type of short-term lending. This might be the best option if you will be paying for one major renovation, provided, of … Your enquiry is being processed by one of our lending team and will be in touch with you in the next 1 - 2 hours. The refurbishment calculator will allow you to calculate your cost of borrowing. This easy to use calculator will give you an indication of the costs of the Bridging loan including the gross loan amount that will need to be repaid at the end of the term. Residential Refurbishment Bridge Calculator. Cases can be submitted directly, or for more support speak to your preferred packager or one of premier partners: 0800 116 4385 Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It will also show how much you could borrow additionally. United Kingdom. Most lenders will lend in arrears of works subject to the works schedule. But how much will that set you back? Our loans can support refurbishment work on any existing structure. With your full materials list, make a trip to your favorite hardware store (or a virtual trip to its website). Get an indicative quote for your residential refurbishment bridge. This loan calculator will help you determine the monthly payments on a loan. Download our product guide to find out about our full range of property finance, including fees, rates and criteria. Maximum loan amount. We are reviewing our position on a regular basis and we would therefore recommend that you review our current product guides in conjunction with our criteria guides to see how best we can help your customer. Berkeley Square To find out more or to opt out, please read our Cookie Policy. Got a client that needs a property loan, fast? Or you can just ask your questions right away in the chat box. It’s usually short-term and used for smaller projects, such as renovating a bathroom or refurnishing a living room. It looks like Cookies are disabled in your browser. A Sneak Peek at 9 Amazon Prime Day Deals You Can Buy for Your Home Right Now, 3 Reasons Millennial Buyers Love VA Loans, Halloween Isn’t Canceled! Need a bridging loan? 3rd Floor, The Place The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the wbsite is doing. Quick Quote Calculator. Refurbishment finance works in the same way as a bridging loan but there are additional loan amounts available which can be used to pay for any additional work. The cookies store information anonymously and assigns a randomly generated number to identify unique visitors. A refurbishment loan is a type of secured borrowing available for developers and landlords looking to improve a property before selling or renting out. 3rd Floor, 19 Albemarle Street, Mayfair, London, W1S 4HR. Light Refurbishment Finance This type of property development loan is intended for small scale renovations where the intended use of a building will basically remain unchanged. More details More details Opens in overlay. Client raised funds to purchase the security property, where we then funded £75k in drawdowns to refurbish it. Property refurbishment loans typically fall into two main categories which are defined by the specific type of renovation work that the borrower is looking to carry out. See indicative rates and terms in a few clicks of a button. London In the current climate we have been working hard to continue to offer your customers a range of specialist lending solutions. Monday - Friday, 9am-6pm. A refurbishment mortgage, more commonly known as refurbishment finance, is a loan solely used to refurbish a property. The refurbishment calculator will allow you to calculate your cost of borrowing. Our lending team are always on hand to discuss any queries directly. Since the price of materials can range widely, this can be your chance to check out alternatives that could save money. Mayfair, London If your bank account is flush enough to support the renovation loan-free, pat yourself on the back. Team DIYers shouldn't forget that time is money. Quick Quote Calculator. To find out, you will need to know how to calculate the remodeling costs. Enough to Make You Lose Your Lunch, 8 Basement Renovations That Really Pay Off, Fall for This: 5 Autumn Entryway Decor Ideas That Are Just So Unexpected, Much Like a Firework, Katy Perry Creates Sparks in Her Home Choices, Beat the Crowds! Free loan calculator to determine repayment plan, interest cost, and amortization schedule of conventional amortized loans, deferred payment loans, and bonds. We can lend up to 100% of the refurbishment costs with a day one advance of 75% (max LTV) for residential properties and 70% (max LTV ) for commercial properties. It does not store any personal data. Our calculators reflect our standard lending criteria, but we’re all about creative real estate lending. This site is protected by reCAPTCHA and the, Sorry, we were unable to share this article. XAZUR FX & Treasury Mayfair Berkeley Square, You're itching to update ye olde brass-covered kitchen, or to turn your bathroom into a New Age spa. If you're taking unpaid time off work to complete a renovation, or otherwise sacrificing any income, calculate that into the total price. This cookie is set by GDPR Cookie Consent plugin. Depending on the scale of the refurbishment, finance can either be in the form of a ‘light’ refurbishment mortgage or a ‘heavy’ refurbishment mortgage. Purchase of commercial unit at auction, with the benefit of planning to convert it into six residential flats and a retail unit. For the best experience, please enable cookies when using our site. Before you schedule demo day, create a list of all of the materials your remodel may require. Refurbishment Calculator . ”Glenhawk” is a registered trademark of Glenhawk Financial Services Limited, Number UK00003262211. All arrangements relating to the management of investments in alternative investment funds are undertaken by LendInvest Funds Management Limited, authorised and regulated by the Financial Conduct Authority (FRN: 624223). With a cash-out refinance of your mortgage, you can expect to pay about 3 percent to 6 percent of the new loan amount for closing costs. Minimum loan term is 3 months. WC1V 7AA Property Details; Type of loan; Residential . We also use third-party cookies that help us analyze and understand how you use this website. Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. Home Get an indicative quote for your residential refurbishment bridge. The cookies is used to store the user consent for the cookies in the category "Non Necessary". Also, learn more about different types of loans, experiment with other loan calculators, or explore other calculators addressing finance, math, fitness, health, and many more. This website uses cookies to improve your experience while you navigate through the website. The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. When considering to take out a bridging loan, you should have a strong exit from the loan in place. Apply for a home improvement loan Please ensure you read the important information in the 'Things you should know' section before applying. W1J 6BD 9am-6pm, Monday to Friday, our dedicated sales team are ready to take your enquiry through to completion. The cookies is used to store the user consent for the cookies in the category "Necessary". Azurian Capital is a multi-disciplinary arranger of alternative financing for property and collectable assets including fine art, classic cars and physical commodities.