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HMO’s
We offer streamlined solutions to maximise your property opportunities
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Interest only
Our interest only mortgages provide you with complete flexibility
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Specialist Teams
Specialist team supporting your project end-to-end
A refreshing approach to investment property finance, our mortgages for property refurbishment help experienced property investors and landlords to secure a long-term mortgage which also allows for the refurbishment project at the start of the term.
Our mortgages for property refurbishment offer the security of an approved long-term investment mortgage following an initial refurbishment period, with flexible payment options. Complete the refurbishment within the 12 months and benefit from a hassle-free and fee-free transition to a pre-approved investment mortgage.
Key features
| Mortgages from | Loan to value | Net rental income |
|---|---|---|
| £250k to £6.0m, up to £4.0m per single property | Up to 70% of the lower of the purchase price or value at commencement | 130% of monthly repayments on completion of the refurbishment |
Phase 1: simple refurbishment finance
- We will lend up to 70% of the refurbishment cost, capped at a maximum loan of £230,000 for refurbishment costs (equating to 70% of a £330,000 total refurbishment cost)
- Maximum 12 months to complete refurbishment
Phase 2: seamless transition to fixed term mortgage
- Loans up to 70% of the Gross Development Value
- Fixed terms from 2-30 years (25 years max for Commercial properties)
Our approach
Our refurbishment loans are also available to owner-occupier businesses looking to refresh their own property, subject to suitable experience.
The ideal finance package for investment properties. Our mortgages for property finance combine the property purchase and refurbishment into one simple loan at the start of the project:
- One lending partner throughout
- Start your refurbishment quicker with a fast decision
- One specialist team supporting your project end-to-end
- No fee to convert to your term loan (fees apply if you decide to move lenders or sell)
- Smooth transition into the term phase, with less paperwork
- Ideal for HMOs
- Interest only and roll up options available
Property secured on the loan may be repossessed if repayments are not maintained.
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New Lending Applications and Enquiries
Redwood Bank are a business specialist, therefore we cannot help with retail mortgage enquiries.
Thank you for your interest. We enjoy hearing from intermediaries and introducers who hold our high standards.
If you're interested please get in touch with our team at [email protected].
Please click here to find a summary of our lending criteria. If you have any other questions please get in touch.
Redwood Bank would pay procuration fees back to you on a monthly basis, once our terms and conditions have been accepted. If you have any questions on our fee share arrangement, please contact one of our Business Development Managers.
We will verify your business, the registered address of your organisation, as well as the identity of all key individuals detailed (Partners, Directors, Members, Authorised Users, Beneficial Owners etc). We do this by checking various electronic databases. If we are unable to verify your organisation or the individuals involved in its management or operation, we may ask you to supply us with some identity documents by post. We will not be able to progress the case until we are satisfied. If you have any questions please get in touch.