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29th May 2014

Funding for property refurbishment projects in the UK has more than doubled in the last 12 months, according to a survey of financial intermediaries.

According to the latest West One Broker Sentiment Survey, short term secured loans for property refurbishment, development and conversion totalled £1.29 billion over the 12 months to April, a rise from just £639 million over the previous 12 months to April 2013.

The money accounts for approximately 2,800 separate projects being undertaken across the UK.

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