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We deal with a variety of enquiries across the specialist finance market including that of clients looking to add value to new and existing property. These can be for brand new developments for clients with no experience, through to house builders needing to cashflow schemes or development exit facilities, but there remains continued demand for loans to facilitate the refurbishment of properties, either residential or conversion of commercial properties.

What is refurbishment finance?

Refurbishment finance offers short-term loans designed to support renovations, conversions, and upgrades of all shapes and sizes. Our clients can access 100% of the required works to help increase the property’s worth and profitability through light or heavy refurbishment projects. Investors, landlords, developers, and commercial property owners use this financing to boost property value and usability. It helps increase value to attract better tenants, generate higher rental income, or simply enhance market value for sale. 

Light Refurbishment: These involve cosmetic changes that do not need planning permission or building regulations compliance, such as repainting, installing new kitchens, or updating bathrooms.

Heavy Refurbishment: This includes major structural changes, extensions, or conversions that may need planning permission and building regulations compliance, like loft or basement conversions.

Work with us

Our experienced team have strong relationships with established lenders, enabling us to secure terms to support all levels of refurbishment, including clients with no or little experience. This access to products allows our clients to borrow the maximum day one net loan, with interest and fees added to the facility through the term, to save the client from additional cashflow pressures, through servicing these costs.

We know that one size does not fit all, so we will carry out a detailed consultation with our client so that we can tailor the finance to the exact needs of the specific project and cash requirements.

Terms available

One of the lenders we partner with has recently tweaked their terms, offering very favourable debt options:

Light Refurbishment

80% NET Loan to Value day one
75% Loan to Gross Development Value
Interest Rates = 0.70% per month
Rolled interest during the term
0% Exit Fee

Heavy Refurbishment, including built-in additional time to obtain appropriate planning (where planning is not in place at completion)

80% NET Loan to Vale day one
75% Loan to Gross Development Value
Interest Rates from 0.75% per month
Rolled interest during the term
0% Exit Fee

Below Market Value transactions accepted up to 90% Loan to purchase price.

Heavy Refurbishment with development tranches

75% NET Loan to Vale day one
70% Loan to Gross Development Value
Funding work costs up to £1,000,000
Interest Rates from 0.80% per month
Rolled interest during the term
0% Exit Fee

Competitive Refurbishment Finance Available for Commercial Properties

Refurb projects can vary greatly in terms of scope and need, so we would always advise our introducing partners and clients to get in touch with us right from the start so that together we can gauge the best rates and terms to suit their needs.

Please do give us a call on 0333 6000 007 or contact us via the website.