
Refurbishment loans provide finance to property investors, landlords, and developers looking to upgrade a tired residential or mixed-use property before renting it out or selling it on.
If a property is in need of modernisation, reconfiguration, extension, or conversion, refurbishment loans provide short-term finance to fund cosmetic or major structural changes. As a Buy-To-Sell or Buy-To-Let solution, borrowers can profit from a tenanted income or an increased value in the property as a result of completed works.
Types of conversion include:
Different lending options, rules, and interest rates can support a variety of works. Therefore the choice is important! We work with lender panels across the market, so whether your plans involve light refurbishment (internal decorating, kitchen or bathroom replacement), or heavier projects with structural works (extensions, removal, or changes to walls), we will be able to find a financial solution for you.
Of course, the main goal is to increase property value. And, the better the terms, the less the perceived risk. Very few developers, investors, or landlords can afford to achieve this without a structure to their finance. Here are a few planning pointers: