Refurbishment Loans

Refurbishment loans provide short-term funding to upgrade, convert or modernise property. They are commonly used by landlords and investors to carry out works that increase value, meet rental standards or prepare a property for sale.

As an independent broker, Avid Finance helps you access lenders who specialise in refurbishment finance. Our team provides clear advice and arranges funding that supports your project from purchase to completion.

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Loans from £50k to £50m
Rates from 0.6% per month
Facilities up to 75% LTGDV
Light, medium and heavy refurb
Permitted development funding

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What are refurbishment loans?

A refurbishment loan is a type of bridging facility designed to fund improvement works on residential or commercial property. Unlike a mortgage, it is short-term and flexible, allowing funds to be drawn quickly so work can begin without delay.

Refurbishment bridging loans are typically used for light upgrades such as new kitchens and bathrooms, or heavier projects like structural changes and conversions. Avid Finance searches the market to connect you with lenders who understand property refurbishment loans and can support your plans.

Residential developments

Flexible funding to suit a range of residential schemes.

Extensions

100% of costs for single and double storey extensions.

Conversion projects

Bridging finance for permitted development projects.

Heavy refurbishment

Up to 75% LTGDV on works with structural alterations.

How refurbishment finance works

The process begins with details of the property, the planned works and costings. Lenders consider the loan-to-value ratio, the schedule of works and the expected uplift in value before making an offer.

Funds are often released in stages as refurbishment milestones are completed. The loan runs for a fixed short term, with repayment usually made through refinancing onto a mortgage or selling the improved property. Avid Finance manages the application, ensuring your case is presented clearly to suitable lenders.

Simple application process

Same day decision in principle

Seamless access to funding throughout

Refurbishment projects specialists

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Key facts

Loan Amount	£50,000 to £50 million
Loan Term	Loan terms from 6 to 24 months
Loan-to-GDV (LTGDV)	Up to 75%
Refurbishment Works	Up to 100% of refurbishment works funded
Interest Options	Serviced, retained or rolled up
Rates	From 0.6% per month
Timeframe	Fast bridge loans from 24 hours
Region	England, Wales, Scotland and Northern Ireland
Asset Types	Residential and commercial property

Client reviews

Henrik, Birmingham

The team at Avid Finance were able to arrange a bridge loan on a semi-commercial property within a week. Best service bar none.

Ross, Wandsworth

Avid Finance provided an exceptional personal service… the only firm I spoke to that I felt truly had my needs at the heart of the discussion.

Mandeep, Southall

I would strongly recommend Avid Finance for corporate/commercial deals. They have variety of products depending on our need and urgency.

Refurbishment loans explained

What can refurbishment loans be used for?2025-09-25T10:06:02+00:00

What can refurbishment loans be used for?

They are commonly used to fund upgrades, conversions, extensions or improvements that increase property value or rental potential.

What is the difference between light and heavy refurbishment?2025-09-25T10:06:11+00:00

What is the difference between light and heavy refurbishment?

Light refurbishment typically involves non-structural works such as redecorating, installing new kitchens or bathrooms. Heavy refurbishment covers structural changes, extensions or conversions that require planning consent.

How quickly can refurbishment finance be arranged?2025-09-25T10:06:17+00:00

How quickly can refurbishment finance be arranged?

Timescales vary, but many lenders can release funds within days once valuations and legal checks are complete. Using a broker helps speed up the process.

Do I need planning permission to apply?2025-09-25T10:06:22+00:00

Do I need planning permission to apply?

Not always. Light refurbishments usually don’t require it, but heavy works or structural changes will. Lenders may ask for evidence of consent where needed.

How much can I borrow with a refurbishment bridging loan?2025-09-25T10:06:27+00:00

How much can I borrow with a refurbishment bridging loan?

The amount depends on the property’s current value, the cost of works and the projected value once completed. Lenders often fund up to 70–75% of the property value, sometimes higher with experience and strong plans.

How are funds released during the project?2025-09-25T10:06:34+00:00

How are funds released during the project?

For light refurbishments, money may be advanced upfront. For heavier works, funds are often drawn in stages after inspections confirm progress.

Can I repay the loan early?2025-09-25T10:06:40+00:00

Can I repay the loan early?

Yes, many lenders allow early repayment, though some may set a minimum interest period or exit fee. Terms should be checked carefully before committing.

What costs should I expect?2025-09-25T10:06:45+00:00

What costs should I expect?

In addition to interest, there may be arrangement fees, valuation costs, legal fees and monitoring surveyor fees for staged drawdowns.

Is this finance available to first-time investors?2025-09-25T10:06:51+00:00

Is this finance available to first-time investors?

Some lenders will consider first-time borrowers, though having professional contractors and a clear exit strategy strengthens the application.

How do I repay a property refurbishment loan?2025-09-25T10:06:57+00:00

How do I repay a property refurbishment loan?

Repayment is usually made in full once the works are complete, typically by refinancing onto a longer-term mortgage or selling the property.

Speak to a refurbishment finance specialist

Whether you’re carrying out light upgrades or a full conversion, our team can help. Avid Finance provides clear advice and connects you with lenders who specialise in loans for property refurbishment.

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