Funding for Property Refurbishment Projects Doubles
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In the past year funding for property refurbishment projects has seen a huge increase, according to a recent West One Broker Sentiment Survey which included over 250 financial intermediaries.
The actual figures show that twice the amount of funding was secured in the period up to April 2014, in comparison to the same period in the previous year, with £1.29 billion worth of short term secured loans agreed – covering just short of 3000 projects.
Refurbishment loans also represent an increasing proportion of all short-term secured lending.
