Avamore provides funding for light, medium & heavy refurbishment projects. Planning Flexibility feature applies.
From 8.50% p.a.
Up to 75%
Up to 75%
Avamore funds light, medium & heavy refurbishment projects. These parameters are determined by the percentage of works compared to the day 1 market value. Upper limits are 25%, 25-100% and 101+% for light, medium and heavy respectively. Therefore, the product is suitable for residential conversions or commercial to residential projects. The Planning Flexibility feature applies across all refurb types.
The Refurbishment product is applicable for any development scheme which has a minimum of 1 existing wall being maintained on the project.
Standard pricing is 8.50% p.a. for light and 8.75% for medium and heavy. In addition, the maximum day 1 LTV is 75% across light and medium works and 70% for heavy works. The Planning Flexibility feature allows an additional build facility for enhanced or modified planning. A developer can either have submitted plans or be considering further works in order for a discretionary facility to be included and unlocked only when planning is gained. It can also be used if the developer is waiting for final sign offs on planning and would otherwise have to take an initial bridge loan.
To find out more information, take a look at the FAQS.
If you have a Development, Part Complete Development, Refurbishment or Bridging case, you can head to our calculator to find out if the deal fits and, download instant terms to send to your customer.
If your customer is happy to proceed, you can contact the team on email@example.com to request an Enquiry Form and quote you Indicative Terms reference number.
Alternatively, if you’re not too sure about the case details, feel free to give our Internal Relationship Management team a call on 020 4518 0085 and we can discuss the parameters and generate terms for you.
To download a copy of our Initial Enquiry Form, please click below.
If you would like to discuss a project with Avamore, please provide the following information at initial enquiry stage:
This will allow Avamore’s Relationship Managers to determine whether we are able to provide you or your client an indicative offer.