Light refurbishment loans

In this case, no planning permission or building regulations are required. Typical light refurbishments include new kitchens, rewiring, windows, and bathrooms. Building regulations and planning permission are not required for this type of work. This kind of work doesn’t necessitate planning permission or building regulation inspections. The intended use of the building stays the same, and prior experience in completing home improvements is not a prerequisite. Clients can opt to undertake the work themselves or hire a contractor of their choice to handle it.

Heavy Refurbishment Loans
This is when structural changes are needed for a property and planning permission or building regulations are required. It could include structural work, such as an extension, or if the works change the use of the property. Lenders often ask if clients have experience in refurbishing properties. The contractors clients use to make the project a success, will also want to review the list of works, time schedules, and costings. In addition to the exit plan (sale or refinance), the client’s exit strategy will be assessed as well.