Cornerstone Capital introduces new light refurb offering

It offers loans between £25,001 and £200,000  at a maximum LTV of 85%, with monthly interest starting at 0.9% per month.

Clients will be offered term options of six or nine months.

Haydn Thomas, chief commercial officer at Cornerstone Capital (pictured above, left), said: “We are delighted to launch this finance product, reacting quickly to market needs. 

“With the property market booming in the UK, the last six months have seen a vast number of enquiries from developers looking to undertake quick refurbishment projects before selling. 

“With an increased demand for such refurbishment bridging loans, this product offers developers the short-term flexibility to improve property and therefore add value.”