OneSavingsBank subsidiary Kent Reliance has launched its buy-to-let light refurbishment product, which allows landlords to make improvements to a property and realise the increased value.
The two-year discounted variable deal is available up to 75 per cent of the property’s initial value and starts at 4.49 per cent.
A further drawdown will then be based on a revaluation after four months – by which time the refurbishment works must be completed.
The product is available on a repayment or interest-only basis and is offered through selected Kent Reliance intermediaries.
Kent Reliance sales and marketing director John Eastgate says: ”We are very excited to add this product to our buy-to-let range. It is ideal for professional landlords looking to grow their portfolio, and maximise income from properties with development potential.
“Regular investors can improve property with the confidence that they can unlock that investment and use it for growing their portfolio further.”