New research from Octane Capital shows unmodernised property stock across England has fallen 17.1% in a year, making fast access to refurbishment finance increasingly critical for...

Due to a rise in demand from both landlords and brokers, Keystone Property Finance has launched its first refurb to let range of mortgage products.

The improvements were made following feedback from brokers

The transaction is the first to be completed between Acre Lane and SPF Private Clients.

Despite remaining the most popular use of bridging loans, the popularity of refurbishment has lessened in recent years.

The project is expected to take between 6 and 9 months to complete, with the 18-month loan term allowing ample time for this and the subsequent sale.

The total loan facility represents 60% LTGDV with a 15-month term

The new product, designed to support larger, more complex projects, follows 'overwhelming demand' from brokers and their clients for flexible refurbishment funding solutions.

The property comprises 11 retail units and 25 residential flats which form a key part of the location’s high-street landscape

The property in Barnet, north London, had planning permission for a change of use from a clinic to a three-bedroom residential family home.