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.

What are refurbishment loans?

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:

  • House to flats
  • Office to residential
  • Residential to HMO
  • Commercial

How are property refurbishment loans funded?

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.

Reducing risk with property refurbishment loans.

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:

  • Tenanting in time, particularly with ‘Buy-To-Let’ projects (Lenders vary between giving you 30, 60, or 90 days to find a tenant or tenants)
  • Alternative exit plans give peace of mind. (If a tenant can’t be found quickly enough, or selling becomes difficult, other funding options may be required. Seeking the knowledge of a specialist property finance broker would be beneficial to find a tailored solution)
  • Interest rates and fees vary widely from lender to lender, dependent on the type of property being developed, its state of repair, and applicant circumstances. (Access to our lender panel will highlight the best ones for you!)

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Michael Primrose explains the principles behind Buy Refurbish Refinance (BRR) strategies



Michael is the most AMAZING broker I have ever worked with

Michael is the most AMAZING broker I have ever worked with. Nothing is ever a problem! Tight timescales, difficult property, you say it, he will get you the finance. Absolute dream to deal with and I wouldnt ever go to anyone else! Thank you so much for putting up with me!

- Kamila Wszolek