Property refurbishment loans are mostly used to cover costs related to residential or commercial properties that are being developed.

The short term loans are popular amongst different groups of people:

• Developers
• Investors
• Landlords

Whether a property is being developed for renting or selling purposes does not make any difference.

Anyone who wants to refurbish a property to put on the market can get a property refurbishment loan if they meet the criteria of the loan lenders.

Light refurbishment

People may choose to undertake a light refurbishment property refurbishment loan if they want to do work that is not very expensive or time-consuming.

Those who want to perform interior renovations are likely to undertake a small refurbishment loan because they do not require large sums of money.

The individual who applied for the loan or someone they contracted tends to perform the renovations.

Heavy refurbishment

Unlike performing a light refurbishment loan, a heavy refurbishment loan is ideal for those who want to change the structure of the property and will require planning permission.

Extending a room or creating a new one also counts as heavy refurbishment due to the type of work that is being performed by the business.

These loans are offered to borrowers with more experience – whether it is a light or heavier refurbishment project does not make a difference.

Why use an alternative provider?

Banks may be more likely to deny a loan for those who do not meet their strict criteria for property refurbishment loans. 

Instead of banks, alternative providers look at what the project can offer and provide it to individuals who have a passion and drive for the project that they want to deliver.

While alternative providers will still look at the credit score and the property plan of the individual applying, they will be more likely to say yes than a traditional bank would.

Instead of risking waiting for a long time and end up getting rejected by a bank, research the different lenders that provide refurbishment loans with criteria that you will be eligible for.

More

NerdWallet: How Does a Home Refurbishment Loan Work? 

A guide to light and heavy refurbishment loans

We live in a world where we can communicate at the click of a button and people from all corners of the globe can post a message within seconds.

Therefore, maintaining a good brand reputation is absolutely integral to the ongoing success of your company. Thanks to online review sites and popular social media platforms, a bad reputation can spread like wildfire. So, with this in mind, we’re going to look at the top tips for managing a PR crisis.

Don’t bury your head in the sand

First things first, don’t simply ignore the problem and think it will magically disappear and everything will be okay in the morning. It won’t; that’s the one thing you can be sure about. This also applies to poor consumer feedback; if you ignore your irate customers, or worse still, delete any evidence of their negative commentary from your social media platforms, you’ll damage your reputation further. Be honest and upfront, listen carefully to what your customers are saying and take it on board. When a crisis blows over, you’ll ultimately want to have your loyal customer base intact.

Keep everyone in the loop

If a PR disaster does unwittingly unfold then it’s vital to rally around your team and brief them about the ongoing situation. This is especially true for the staff members who deal directly with the general public or press (i.e. your social media, communication and/or customer service teams). They will need to know exactly what to do and say in the event that they’re approached by angry consumers or curious journalists. If they’ve been misinformed, it will only exasperate the situation and they may compromise the company’s reputation further by unintentionally spreading rumours etc.

Release a statement

Plan a statement carefully and be thoughtful about how you’re going to reply to all this negative attention. You want to highlight the fact that you’ve made a mistake and that you’re willing to attentively listen to your customers. This will help you win back favour and trust. Under no circumstances, make unrealistic promises that you can’t fulfil. Claiming big promises might be a grand gesture and work in the short-term but once the public catch on that they haven’t been fulfilled, it’ll cause even bigger problems for you and your brand down the line. Moreover, never express frustration or anger in any official responses; be professional and calm in all your undertakings.

Have a crisis management team in place

If you haven’t already, it’s critical that you put together an effective crisis management team. This could be made up from your PR, HR, legal and marketing departments and will ensure that problems don’t escalate too quickly when they initially arise in the first instance. You want to build a team that works well under pressure and can resolve issues swiftly. Doing this will better full-proof any future problems by helping to guarantee the successful handling of hypothetical crises. You can achieve this by going over all the potential risks (i.e. identifying likely things that might go wrong, how it will affect your business and the best way to respond). This will put you one step ahead of the game should a PR nightmare unfurl.

Ultimately, the public image of a company or organisation has always been important in cementing and establishing good reputations. However, in our modern-day

Peter Howe, an IT manager shares his feelings about presenting in one of Insider View’s rented meeting rooms:

I have never felt really comfortable speaking in front of large groups of people. When I was at school I would always hide at the back of the class and pray the teacher wouldn’t ask me a question.

Of course, once you leave school and enter the big, wide world of work it is a bit more difficult to hide, especially if you want to get on in a career.

I was 27 when I became an IT Manager, although this was never exactly my dream IT job,

I had found something I was good at and I enjoyed it a lot.

All of a sudden I had many responsibilities and I began to feel like a very professional, capable person. All of this helped to boost my confidence and I was soon offered the role of Training Coordinator for my area.

Not much chance of shying away from public speaking anymore!

My first job was to find a suitable place to hold regular training sessions for new employees.

As there was no suitable space on company premises I began to look for rentable meeting rooms London was the key area to begin my search.

There were a few key requirements I needed from the room. As we employed people from all over the city I decided somewhere within the city centre would probably be easiest for people to find.

SW London has a good transport system in place, frequent buses and a tram running from the north of the city to the city centre. So a central location is ideal.

I need somewhere where the IT was top-notch not some messy cable room in needs of an overhaul.

As an IT professional presenting to other IT people it was imperative that there were not technology glitches in the meeting.

I was assured by Insider Views that all of their meeting rooms were professionally maintained and that all IT and cabling were fully supported by a registered company local to London.

Some people do still choose to arrive by car so I need somewhere with parking, not always easy in the city centre!

The training sessions would generally be for groups of 10 -15 people so I needed to look for good-sized meeting rooms London has many to choose from.

As the company was also willing to provide refreshments for trainees I ideally needed tea and coffee making facilities and perhaps basic kitchen equipment, a fridge, microwave, cups and plates etc.

I often need to photocopy training aids, contracts and forms during a session so some basic administration facilities on-site.would also be useful.

And being able to enter the meeting room early in the morning is an advantage as I can get organised before the trainees arrive.

So there was little old me arranging all this like a pro!

I now hold training sessions every week providing essential training to new employees before they begin work. After a lot of thought and planning.

I am very pleased with my new meeting rooms London based. Although I still sometimes get butterflies before the session begins I am confident I know my job inside out, and being comfortable in my surroundings helps to put me at ease.

Stage One

The first contact impression counts, so make it a good one.

Always advise the debtor that he/she really need to think about his or her decision and that creditors have certain rights to collect their money, with or without their co-operation. This is an extremely effective psychological statement designed to get them wondering what`s going to happen next.

Stage Two

The second most important thing you need to do when speaking with the debtor is to be extremely professional.

Make sure the tone of your voice is serious and the words you use all match, building a credible persona.

Stage Three

Always instil urgency and demand that any payment is to be done immediately, card payment, payment over the phone, immediate bank transfer etc.

To ensure payment quickly you must show strong resolve from the outset, your letters must be direct and to the point. Most debtors believe if they frustrate you long enough, your resolve will weaken.

It is therefore imperative to keep the pressure on at all times until you receive payment. Our exclusive and expertly written letters are a part of the escalation process and are expertly written and laid out so as to have an immediate psychological impact on the receiver.

Stage Four

Always insist that the balance must be paid in full

Don`t let debts get old, the quicker you take action the more likely you are to recover your money. Perform credits checks on people and companies before granting credits terms. (We can assist you with that). Include in your terms and conditions a clause that entitles you, in case of late payment, to recover from the debtor any cost incurred in collecting the debt.

Why Choose A Debt Collection Agency

Often many business owners who have unpaid debt or unpaid invoice will think about using a debt collection agency. This is simply because they imagine that the debt collection agency can recover the unpaid debt fairly quickly and simply.

Whilst this sounds like a good idea, businesses are often overwhelmed when a debt collection agency demands a significant upfront fee, and that’s even before the debt collection agency has even agreed to take on the debt!

Add to this the fact that even if they will take on your debt, there is no guarantee that they can – or will – recover the debt any time soon – giving rise to the idea of debt recovery agencies simply taking your money, then doing nothing.

Is There An Alternative To A Debt Collection Agency?

One alternative to a debt collection agency is a solicitor.

Here’s where it gets interesting, because many business owners believe that a solicitors letter – will make the debtor take notice and be keen to repay the debt but the reality is that the business owner gets ultimately nowhere as the debtor will see the solicitors letter and just throw it in the bin – all that time and money invested in a solicitor – and all for nothing!

What Is Better Than A Debt Collection Agency?

So between paying out a hefty fee to a debt collection agency and spending a lot of money for a solicitor – what other option is there, that will work – without costing lots of time and money?

The best choice is to download proven debt collection templates that have been professionally created with over 40 years of experience. The debt collection templates are easy to edit and provide real results – as seen here.

With debt collection templates, you are in the driving seat and you do not need to rely on an expensive and slow-moving debt collection agency or a solicitor. The templates are a complete package that will level the playing field and will result in getting the debtor to take action to repay the debt in a timely manner.

UK DIY Debt Collection provides exclusive, ready-to-use debt collection letters and documents that are cost-effective, high quality and written by experts.

We provide you with the actual letters and tools to collect your own debts. All letters and documents are ready-to-use but also enable full customisation and branding to suit individuals and business needs.

We also include completed CCJ examples just for you to copy.  See Small Claims Courts.

How to get paid Quicker