Refurbishing Properties – How to Finance Your Project

There are many different reasons why you might decide to refurbish a property. For many people it is a hobby, or something that they wish to do to improve the home that they live in. For other people it is a career change and a business; refurbishing properties and dealing in property development.

Looking for properties to refurbish and make a profit on by selling on to other buyers, or to lease to tenants, takes finance, as does funding the refurbishment itself. If you are looking for help with funding, bridging finance through Central Mortgages could be the perfect solution.

We can help people in all sorts of situations and financial backgrounds to secure bridging finance to help secure property purchases and to fund refurbishment projects. We have a track record of consistent support to our customers, especially those who are keen to purchase property in auction situations. In many cases where properties are purchased at auction there is a real necessity to invest money and time into refurbishing it into a habitable structure (and obviously something nicer than that to make profit when selling it on).

It can sometimes be difficult to have the cashflow in place to finalise a transaction within the necessary timeframe, and that is where bridging finance comes to the rescue. As long as you have a clear exit strategy in place, bridging finance is the perfect way to ensure that a property is purchased and that refurbishment can take place to the necessary levels, without missing out on an opportunity.

For more information about bridging finance for refurbishment projects contact Central Mortgages today on 01277 630 183 or office@centralmortgages.net.