Refurbishment finance

Funding for refurbishment projects ranging from cosmetic light-touch works to heavy, structural refurbishment and conversion — priced and drawn according to which category your scheme falls into.

Get indicative terms

Loan to cost up to 85% (light) / 80% (heavy)

Term 6–18 months

Rate from 0.60%/mo

Security 1st charge

Drawdown single/two-tranche (light) or staged (heavy)

Indicative figures — subject to status, valuation and lender criteria.

What is refurbishment finance?

Refurbishment finance sits between a standard bridging loan and full development finance. Lenders typically split it into light refurbishment (cosmetic, non-structural works, often released in a single or two-tranche drawdown) and heavy refurbishment (structural alterations, extensions or change of use, released in stages against a works schedule, closer to a development facility).

Which category applies affects leverage, rate and drawdown structure, so getting the classification right at the outset avoids remortgaging or restructuring mid-project.

Who it's for

Investors and developers carrying out cosmetic works: kitchens, bathrooms, decoration, minor layout changes.

Developers undertaking structural works: extensions, loft conversions, internal reconfiguration, change of use.

Anyone converting a single building into multiple units, or vice versa.

How it works

01 Classify the works. Light or heavy refurbishment — this determines the right lender panel and structure.

02 Indicative terms in 48 hours. Sized against purchase or current value, plus works cost.

03 Drawdown structured to the works. Day-one funds plus staged releases for heavy refurbishment, matched to a schedule of works.

04 Practical completion. Refinance onto a term facility, or sell, once works complete.

Eligibility

Applies to residential, commercial and mixed-use property. Heavy refurbishment involving structural change typically requires planning or building regulations sign-off at key stages, monitored through drawdown.

Costs

Light refurbishment is priced closer to bridging finance; heavy refurbishment closer to development finance, reflecting the construction risk and staged monitoring involved. Indicative figures — subject to status, valuation and lender criteria.

When to use refurbishment finance vs. the alternatives

Senior development finance → the works amount to a ground-up rebuild or a scheme large enough to need full development-finance monitoring

Bridging finance → there are no material works, and you need funding for acquisition or timing purposes only

Questions on refurbishment finance

What counts as heavy refurbishment?

Structural work, extensions, a change of use, or converting a building into multiple units — broadly, anything requiring building regulations sign-off or planning consent.

Can I fund refurbishment and a subsequent sale or let in one facility?

Some lenders on the panel offer a light or heavy refurbishment bridge with a built-in term refinance; we structure this from the outset where it suits your plan.