Refurbishment Finance Calculator
Model the day-one loan, works facility and total bridging costs for light and heavy refurbishment projects.
Calculate your refurbishment bridge
* Additional fees may apply on a case-by-case basis: Legal Fees, Valuation Fee, Admin Fees, Title Insurance, General Insurance, Fund Transfer and others.
Enter your loan details above to see the cost breakdown.
Interest calculated on Day 1 loan amount for full loan term. Works facility interest is additional. Speak to a specialist for a full illustration.
Results are indicative only. Actual rates and costs depend on your specific circumstances, security and lender. Learn more about Light Refurbishment
Free Consultation
Discuss your case
75%
Max LTV (light refurb)
70%
Max GDV (heavy refurb)
3–5%
Typical gross yield target
£0
Upfront broker fees
What is refurbishment finance?
Refurbishment finance is a specialist bridging product that combines a day-one loan (for purchase or against existing equity) with a works facility (released in stages as refurbishment progresses). The distinction between light and heavy refurbishment determines the lender criteria and maximum LTV.
Light refurbishment covers cosmetic works — new kitchen, bathroom, flooring, decoration — that do not require planning permission or structural changes. Heavy refurbishment includes structural alterations, extensions, HMO conversions and works requiring planning permission.
The works facility is typically released in 2–3 drawdowns following a monitoring surveyor's inspection confirming works completed. Day-one LTV is based on current "as is" value; the maximum total loan is based on the GDV (post-refurbishment value).
Exit is normally either sale of the refurbished property or refinance to a buy-to-let mortgage at the improved value. Lenders underwrite the exit viability carefully — a credible sale price or refinance amount must be demonstrated.
The Process
Scope of Works
Define the scope — is it light (cosmetic) or heavy (structural/planning)? This determines which lenders and products are available.
Dual Valuation
Lender instructs a RICS valuer for both the current "as is" value and the GDV (post-works value). Day-one loan based on "as is"; max total loan based on GDV.
Works Drawdowns
Works facility released in stages as the monitoring surveyor confirms progress. Each drawdown requires sign-off on the works completed.
Exit — Sale or Refinance
At completion, the refurbished property is sold or refinanced to a buy-to-let or residential mortgage. Proceeds repay the bridge in full.
FAQs
Frequently asked questions
Ready to proceed?
No obligation. No upfront fees. Speak with a specialist.
Related Calculators