Oblix Capital

Oblix Capital enhances refurbishment bridging product

Oblix Capital has enhanced its refurbishment bridging product, allowing the market value to be updated at the point of building control sign-off.

The update will mean that if refurbishment works have increased the market value as expected, the 75% maximum LTV will be re-applied to the revised valuation, subject to underwriting.

This will enable further borrowing up to the revised maximum limit.

The loan can be extended for a further 12-month period at this stage.

Andy Reid, director of sales at Oblix Capital (pictured above), said: “I’m delighted with this enhancement to our refurbishment bridge product — when building control is signed off, the new feature will provide flexibility and options to the borrower.

“It’s a great example of how Oblix Capital is using its experience and understanding of the market to offer creative real estate lending solutions.”

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