Kent Reliance has unveiled a buy-to-let light refurbishment product designed for professional landlords.
The deal allows a property to be upgraded and the increase in value to be realised.
It is priced at 4.49%.
Landlords are able to draw up to 75% of the value of the improved property with no limit up to the maximum loan size. Loans will be made with a maximum 75% of initial value and drawdown will be based a revaluation after four months. They are available on either a repayment or interest only basis.
John Eastgate, sales and marketing director, said: “We are very excited to add this product to our competitive buy to let range. It is ideal for professional landlords looking to grow their portfolio, and maximise income from properties with development potential.
“Regular investors can improve property with the confidence that they can unlock that investment and use it for growing their portfolio further.”
