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Mortgages for property refurbishment

Suitable for commercial, residential and mixed-use properties and conversions.

HMO’s
HMO’s

We offer streamlined solutions to maximise your property opportunities

Interest only
Interest only

Our interest only mortgages provide you with complete flexibility

Specialist Teams
Specialist Teams

Specialist team supporting your project end-to-end

A refreshing approach to investment property finance, our mortgages for property refurbishment help experienced property investors and landlords to secure a long-term mortgage which also allows for the refurbishment project at the start of the term. 

Our mortgages for property refurbishment offer the security of an approved long-term investment mortgage following an initial refurbishment period, with flexible payment options. Complete the refurbishment within the 12 months and benefit from a hassle-free and fee-free transition to a pre-approved investment mortgage. 

Key features

Mortgages from

£125k to £5m, up to £3m per single property

Loan to value

Up to 70% of the lower of the purchase price or value at commencement

Net rental income

130% of monthly repayments on completion of the refurbishment

Minimum criteria
  • Be a property investor with a minimum of two years' experience, with a portfolio of at least four properties for this period
  • Have at least two years' experience of property refurbishment, on a minimum of two properties in England, Scotland or Wales

Phase 1: simple refurbishment finance

  • We will lend up to 70% of the refurbishment cost, capped at a maximum loan of £230,000 for refurbishment costs (equating to 70% of a £330,000 total refurbishment cost)
  • Maximum 12 months to complete refurbishment

 

Phase 2: seamless transition to fixed term mortgage

  • Loans up to 70% of the Gross Development Value

  • Fixed terms from 2-30 years (25 years max for HMO/20 years max for Commercial properties)


Our approach


Our refurbishment loans are also available to owner-occupier businesses looking to refresh their own property, subject to suitable experience.

The ideal finance package for investment properties. Our mortgages for property finance combine the property purchase and refurbishment into one simple loan at the start of the project:

  • One lending partner throughout

  • Start your refurbishment quicker with a fast decision

  • One specialist team supporting your project end-to-end

  • No fee to convert to your term loan (fees apply if you decide to move lenders or sell)

  • Smooth transition into the term phase, with less paperwork

  • Ideal for HMOs

  • Interest only and roll up options available


Property secured on the loan may be repossessed if repayments are not maintained.

Next Steps

We’re here to help you grow your business.

Or meet the South & East team and Warrington & North team

Frequently asked questions

What do you need to make a lending decision?

We require details about the specific transaction you are considering, including details of the property and the business. In addition, we will need information on your financial status and your ability to service the mortgage before making a commitment to lend. Please contact us directly. 

What fees do you apply?

Our standard new loan fees are 2% of the debt. Fees can be incorporated into the loan. If you would like to discuss further please get in touch.

What are your opening hours?

We are open Monday-Friday 9am-5pm, except for bank holidays.