Lendable, with points a lender will check first. The loan that fits: Heavy refurbishment, as this is the lot is described as needing work. The things to check above are what a lender will look at too.
- Likely loan
- Up to 70% of the pricePlus up to 100% of the works
- On the expected hammer
- About £153,000The guide plus 15%; Savills lots have sold at +22% on the guide (median of 248)
- Example rate
- 0.9% to 1.15% a monthArrangement fee about 2%
What lenders will note
- Check Outside London and the Home Counties (Ceredigion): fewer lenders, and values need strong local evidence
If you let it
Typical rent about £822 a month, a gross yield of 4.5% on the expected hammer. The rent supports a buy-to-let mortgage of about £143,000, 65% of the expected hammer: refinancing out of a bridge needs more cash in, or a sale.
ONS average for a detached house in Ceredigion, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.
Information a lender will need first
- The tenure (freehold or leasehold)
- The floor area (an EPC or a floorplan)
What a lender will ask you for on a heavy refurbishment
- Photo ID and proof of address
- Proof of your deposit and where it came from
- The legal pack, read by your solicitor before you bid
- Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
- A schedule of works with costs
- A builder's quote
- A structural engineer's report if the works are structural
- A valuation, which the lender instructs
We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.