Our Light Works loan with up to 75% GDV
Designed with experienced Borrowers in mind, our Light Works loan product offers up to 75% GDV and the option of rolled up interest. It also provides Borrowers with the opportunity to borrow up to 100% of works and terms of up to 12 months. Read the full details below and use the “Apply” button to submit your enquiry and speak to a team member.
- Loan size £75,000 – £1,000,000
- Up to 75% ltv day one
- Up to 100% of works
- All types of borrowers considered
- Interest can be rolled up, serviced or deducted
- Heavy adverse credit considered where exit is sale
£75,000 - £1,000,000
Residential kerbside house and flats
Up to 12 Months
England and Wales
Frequently Asked Questions
Here is a bit more information we think might help.
What scope of works can be completed using a Light Works Loan?
Works planned for use with a Light Works Loan must not require planning permission (Permitted development extensions acceptable), and maximum funds for refurbishment are £100,000. Developments are to be completed in line with an agreed Schedule of Work, although we will apply a light touch to the assessment of progress, with photographic and film updates replacing personal inspections as has been traditionally necessary.
Who can get a Light Works Loan?
All types of borrowers are considered, including Corporate Borrowers, Trusts, Overseas Borrowers, Individual Borrowers, UK and Foreign Nationals. Borrowers must be a homeowner or own at least 1 UK property. This product was developed with experienced Borrowers in mind, so evidence of additional net assets may be required.
What is rolled-up interest?
Rolled-up interest means there are no monthly interest payments required for the duration of the loan term. Instead, interest is ‘rolled up’ and paid as a lump sum at the end of the loan term. This is recommended for use by experienced Borrowers with a viable exit strategy to cover both loan repayment and interest cover.
Apply for our light works product
Straightforward applications and quick decisions.