A new buy-to-let product, that advances the value of a property after refurbishment before any work is carried out, has been launched by Capital Home Loans (CHL). The product, Refurbishment Buy-to-Let, is aimed at landlords wanting to obtain a larger mortgage advance on properties to carry out refurbishment work. On completion, an advance based on the current valuation is offered and once refurbishment is completed, further money is released.