Tag: Refurbishment
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UK Landlords Set Eyes on Expansion in 2024, Lendlord Survey Reveals
The latest survey from Lendlord shows a significant portion of UK landlords are gearing up to broaden their horizons in the property market in 2024. With ambitions flying high, about 38% of landlords surveyed are actively planning to add more properties to their portfolios in the coming year. The survey took into account the perspectives…
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Unlocking Extra Space in Your Home with Mezzanines
In the quest for more living space within the confines of our existing homes, many of us hit the familiar roadblocks of limited outdoor space for expansions or the high costs associated with digging out basements. But what if the solution isn’t around you or below you, but above? The Magic of Mezzanines For those…
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What are Rebridging Loans?
Bridging loans have carved out a niche for themselves as the go-to solution for individuals in need of quick, short-term financing. Whether it’s snatching up a property at auction, keeping a purchase on track, or getting the cash injection needed for a renovation project, bridging loans have been the lifeline for many. But what happens…
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From Fast-Food Employee to Property Mogul
The BBC features the story of Sanmi Adegoke, whose life story unfolds from facing racial abuse at a fast-food chain to becoming a celebrated property tycoon in the United Kingdom. Adegoke’s unconventional path highlights the power of resilience and the importance of leveraging one’s community. Early Struggles and Inspirational Beginnings Sanmi Adegoke’s journey began upon…
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Finding and Financing a Holiday Let
In recent years, the UK has seen a significant surge in the popularity of holiday lets. Property owners across the nation are unlocking the potential to earn a lucrative income by renting out their spaces to holidaymakers. This guide covers the essentials of turning your property into a profitable holiday let, from securing the right…
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Hope Capital Reduces Residential Loan Rates
Hope Capital has announced sweeping changes to its residential loan offerings, introducing lower rates and streamlining its internal processes for faster, more efficient service. Hope Capital has overhauled its residential lending criteria, resulting in substantial rate reductions across the board. In a move that will be welcomed by homeowners and prospective buyers alike, the company…
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Mastering the Auction Game – Smart Strategies for Buying Your Dream Home
Buying a property at auction can be a thrilling and rewarding experience, but it requires a mix of preparation, strategy, and restraint. Unlike traditional property buying, auctions are fast-paced and can be highly competitive, making it easy for inexperienced bidders to get swept away in the excitement. But fear not! With expert advice and a…
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Bridging Finance – The Basics
The latest reports from the Association of Short Term Lenders are in, and they’re impressive: in the third quarter of 2023, bridging finance saw a record surge. Applications jumped over 8%, completions nearly 11%, and loan books expanded by more than 18% compared to the previous year. So, it’s a good time to cover the…
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LendInvest’s New Bridging Loans
LendInvest Mortgages has just unveiled a pair of innovative loan products. Their new offerings, dubbed the “House Flip Bridge” and “Landlord Refurb Bridge”, are tailored for borrowers eager to swiftly purchase and transform properties. What sets these products apart is their generous 85% loan-to-value ratio, a boon for those looking to maximise their investment potential…
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New Mortgage Targets Landlords Planning Quick Property Refurbs
The Suffolk Building Society has recently unveiled a new mortgage product designed specifically for private landlords. This focuses on those looking to make ‘light refurbishments’ to their Buy-To-Let (BTL) properties. Whether it’s installing a modern kitchen or updating the bathroom, this new mortgage option is here to facilitate these changes. How Does the ‘Light Refurb’…