Refurbishment finance is a short term loan that is specifically designed to help fund renovation, remodelling, or restoration investment projects. This type of finance can be used to cover the cost of materials, labour, and other expenses associated with the refurbishment project. Refurbishment finance can be used for both residential and commercial properties and is often used to improve the energy efficiency, increase the property value or modernise the property.
If you’re looking for a property project, or you have a property within your portfolio that requires some attention, then the type of funding you choose will be an important consideration. You might have known that a bank loan is available to you, but have you considered residential development finance?
A TAB bridging loan is a short-term loan that can help you make the purchase of an investment property before the planned funds of your own are available. Often, as the name suggests, it is used to bridge the gap when buying a new property before you have sold the old one.
For example, purchasing the land for where you wish to build a new house whilst you are in the process of selling another property - a land bridge loan could be a good solution.
Working in an office for long periods of time can often lead to quite a sedentary lifestyle. The long hours spent at a desk can often cause many to neglect going on walks, bike rides and general exercise.
General exercise as small as going for a walk can have a positive effect on our physical and mental health. At TAB and NHG, we’re undertaking a “Walk to MIPIM” challenge.
The housing crisis started in the early 1980s and has been exacerbated over the years as house prices, relative to income, have continued to climb. While it seems that there are new build developments popping up nationwide, the issue is that – for many – property prices are unfeasible.
The question is, could you invest in loans that could potentially positively impact the housing shortage and lack of affordable homes?