Shawbrook has reintroduced its unregulated bridging ‘Lending for Refurbishment Costs’ product.
The bridge is available up to 85% LTV on residential buy-to-let properties when lending for refurbishment costs.
Gavin Seaholme, head of sales for Shawbrook’s property finance division, said: “Lending for Refurb Costs is a key part of our product offering and one that is well received by our broker community, so we’re really excited to bring it back.
“Demand in the bridging market remains strong, so it’s important that we adapt to support brokers and help them take advantage of the opportunities that are out there.
“We’re looking forward to supporting the market throughout 2021, with even more positive changes to follow in the coming months.”
The product was temporarily withdrawn last year in response to Covid-19.
This post has originally been featured in Property Wire.