FAQs

  • What is the purpose of the refurbishment bridge loan?

    The refurbishment bridge provides short-term capital to cover modest works such as redecoration, arrears clearance, or compliance upgrades. Its purpose is to unlock value in retirement properties that would otherwise remain empty or be sold below market value

  • How much can be borrowed under the short-term secured refurbishment financing?

    Loan sizes range from a minimum of £25,000 to a maximum of £100,000, depending on the property and refurbishment requirements

  • What are the typical loan terms?

    Equity release and light refurbishment financing terms range from 3-12 months with retained interest.

    BTL financing for experinced landlords/limited companies terms range from 3-5 years.

  • What is the maximum loan-to-value (LTV)?

    Short term financing can be advanced up to 50% of the current value of the property.

    BTL financing for landlord/limited companies can be advanced up to 65% of the current value of the property.

  • What type of valuation is required?

    By default, desktop or AVM valuations are used. Full Red Book valuations will only be required in exceptional cases, due to the typically low LTVs

  • What security is taken for a refurbishment loan?

    Next Chapter Finance will take a first legal charge over the property.

  • Who are the typical borrowers?

    Borrowers are often:

    Individual inheritors or attorneys managing estates

    Limited companies or SPVs managing inherited property assets

  • How will applications be processed?

    Applications will be supported by automation and a streamlined process but you will always feel the 'human touch' when dealing with your application.

  • How quickly can lending decisions be made?

    Because Next Chapter Finance underwrites your application using a combination of technology and manual underwriting, initial decisions can often be made the same day.

  • Will customer vulnerability be considered?

    Yes. A customer vulnerability framework will be in place from launch, in line with FCA Consumer Duty outcomes. Borrowers will receive clear communication, fair value pricing, and appropriate support

  • How is data security handled?

    The platform will be GDPR-compliant and cyber-secure from vendor selection onwards. Automation and borrower portals will be built with compliance and security in mind