Property Development Finance

You can be eligible for refurbishment bridging finance as an individual, a sole trader, or through a limited company.

Refurbishment finance is often used by property developers and first-time property investors for house flipping, which involves purchasing and renovating a property to sell it for a quick profit.

Landlords also commonly use them to finance buying and refurbishing buy-to-let properties. 

You don't have to be an experienced property developer or landlord to get finance for your property refurbishment. Most lenders will approve your application if you have a solid exit strategy to repay your loan at the end of the term. 

Every lender's application criteria vary, but if you can meet the following requirements, you should be able to access the refurbishment funds you need within days rather than weeks:

Refurbishment finance is designed to support small development projects. It's different from property development finance, which is another ball game that generally applies to ground-up developments. 

So, if you're a landlord or looking to flip a property, you can apply for refurbishment finance for the following:

• Refurbishment costs on commercial or residential property
• Minor cosmetic alterations such as redecoration, a new bathroom or kitchen
• EPC improvements
• Plumbing and drainage work
• Rewiring and electrical work
• Major structural changes, extensions, and change-of-use conversions, i.e. from commercial to residential (typically requiring planning permission)

• Loan size: Most refurbishment finance lenders will consider loans from £25,000 up to £25m.
  
  
• Loan To Value: The maximum loan to value is typically 85%, meaning on a property worth £100,000, you can borrow £85,000. Getting 100% LTV refurbishment is possible if you can provide extra security.

We are award-winning independent mortgage brokers, who specialise in smoothing the complexity of the mortgage process at every turn.

As an independent brokerage, we work for you, not the lender. Our advisers focus on listening to your unique scenario and providing you with the best finance solution for you today, and for your future.

We can help you:

• Understand what kind of mortgage you're eligible for and how much you can borrow.

• Feel comfortable with how the process works and what the costs will be.

On your behalf, we will:

• Compare rates across the entire market (from private lenders to high street banks)

• Negotiate the best deal for your circumstances

• Guide you through the application process

• Help you arrange your valuation(s)

• Liaise with your solicitor to sort the paperwork

• Chase through your application your new home is secured.