Know How Much Value The Works Will Add Before You Start Before doing any works of repair, renovation, modernisation and improvement, we will want to be sure that they will add value. That is, unless there are other good reasons for doing the work, such as, we are obliged by law to undertake them, or…
Be Clear on How Much The Works Will Cost Before Your Start The amount you pay will depend on where you are located, the size and quality of the property you are working on, the quality of the work you instruct, how many quotes you obtain and how hard you ‘negotiate’ with your contractors, and…
Light Refurbishment Finance Available Today In the previous post we looked at light refurbishment and how it works. Let’s have a look at the different light refurbishment products offered by the different lenders. Paragon Mortgages Here’s how the Paragon limited refurbishment scheme limited works. The minimum valuation requirement is £75,000. Up to 75% of…
Search Around For The Best Finance For Renovation Projects. Lenders require a property to be habitable from day one before they will advance a buy to let loan. Many buy to let lenders are reluctant to advance mortgages against properties which require even minor works of repair, modernisation or improvement. The rationale behind this is…
A property renovation I wasn’t expecting to take on. One of my buy to let flats exploded – a problem with the gas – not my fault, i’m glad to say, all my certificates were in order and the authorities did a thorough inspection. Rendered my two flats in this small terraced property a redevelopment,…
If you’ve read any of my other posts, or my books (The Successful Property Renovators Workshop) you’ll probably know that at any one time I try and have 3 property renovation projects on the go at any one time. These are mainly financed by cash, so I don’t have to get into begging a bank…
