We reward broker loyalty

[close]

Express Refurb


Lowry Capital offers an ‘Express Refurb’ product which funds the purchase or re-finance of properties needing internal refurbishment. For example, a property may not be in a lettable condition (no kitchen, no bathroom etc.) and therefore not currently meeting Buy to Let criteria. This is exactly where Lowry’s ‘Express Refurb’ product comes into its own.

Lowry Capital takes a different view from regular Buy to Let lenders. We are happy to lend against a property’s current value regardless of whether it is currently lettable or not. We will not impose any retention and we allow clients to drawdown on further advances as the work progresses and the value of the property increases.

‘Express Refurb’ Product:

Express Refurb funds the purchase or re-finance of properties in need of some work. Express Refurb is perfect for:

  • Properties needing a full internal refurbishment
  • Properties where there is a retention
  • A property that doesn’t currently meet BTL criteria
  • A property not in a lettable condition (no Kitchen, Bathrooms etc)
  • An Auction Purchase
  • A new build property where internals need finishing
  • Projects requiring funding in stages

Key Features:

  • Up to 75% Loan to Value (Open Market Value) on residential properties
  • Rates from 1.25%
  • No Upfront Fees
  • Speak directly to a decision maker
  • Market leading commission (Typical 1.25% of loan amount) – Paid on day of completion

Comments are closed.

  • Testimonials

    “Our Commercial packaging business is about service; our lenders support us with this. However, Lowry has gone above and beyond the realms of excellence to conclude an impossible task. This made possible, from start to finish by your team. From a 5 minute AIP to a successful conclusion in days not weeks. Thank you”.

    Mo Chishti - Total Money Management

    “I was pleased to read that Lowry Capital had won the Short Term Lender of the Year Award. From my experience of dealing with Lowry it is well deserved. Their service lives up to the marketing claims, which is a refreshing change in the current markets.”

    Cameron Stewart - Bentley Associates

    “Congratulations to all the team at Lowry Capital on becoming ‘MyIntroducer.com’s Short Term Lender of the Year for 2011.’ We have worked with Jonathon and Richard for some years and we have never been disappointed, they can make the difference in getting the deal paid out.”

    Simon Juniper - Only Bridging

    “ Congratulations on your award and hardly a surprise to those who regularly use your services. Having used other short term providers I was delighted to find Lowry. The exceptional service from everyone at Lowry ensures a smooth application process from start to finish. Lowry has set the industry standard at the highest level.”

    Stephen Pears - IFA

    “In today’s turbulent market it is a pleasure to deal with a lender where you actually speak to the decision makers, who want to lend, do lend and in addition to this who pay your commission on the day of completion directly into your bank account!”

    Gerry Lafferty - 1st Loan Service

    “I would like to thank you, James and all the good people at Lowry Capital for making the seemingly impossible possible! We needed to complete in 5 days but you achieved it in 4. Without you, my client would have lost his deposit.”

    Leo Kennedy - C.Azodoh

    “I have been using Lowry over the last 4 months and the service standard is excellent. Illustrations provided within the hour, always proactive in chasing outstanding items and a common sense approach to bridging.”

    Mike Gallagher - Y3S Group
ASTL