Renovation Mortgages
Renovation mortgages and refurbishment bridging finance for properties that standard lenders will not touch - uninhabitable, structurally compromised, or requiring substantial work - from 130+ specialist refurbishment lenders.
Finance for properties that need work
Standard mortgages require the property to be in a habitable and mortgageable condition at application. Properties without a working kitchen or bathroom, those with structural issues, or those requiring significant conversion work do not pass mainstream lenders' minimum condition requirements. Renovation mortgage products - delivered through specialist refurbishment bridging or staged release mortgages - finance both the purchase and the works, sized against the property's post-renovation value.
Every renovation finance type arranged
Light Refurbishment Bridging
For properties requiring cosmetic or moderate works - kitchens, bathrooms, redecoration. Purchase finance plus works funds released in tranches as they complete. Exit onto a standard mortgage or from property sale on completion.
Heavy Refurbishment Bridging
Structural works, loft conversions, extensions, and major reconfiguration. Higher LTC ratios with independent monitoring surveyors verifying each drawdown. Full project management co-ordination across lender, valuer, and solicitor.
Self-Build Mortgages
Ground-up self-builds with staged drawdowns tied to construction milestones. Both advance and arrears drawdown formats available. We source the most appropriate product for your specific build programme.
Uninhabitable Property Purchase
Auction purchases of uninhabitable or structurally compromised properties financed by bridging rather than standard mortgages. The bridge runs through the renovation period and exits onto a standard mortgage or sale once the property is habitable.
Permitted Development Conversions
Commercial-to-residential conversions under permitted development rights require specialist bridging or development finance. We arrange the conversion finance and the exit BTL mortgage at the outset.
Refurbishment Buy-to-Let
Investors buying properties requiring work before letting use a refurbishment BTL bridge for purchase and works, then exit onto a standard BTL mortgage once tenanted. Both legs of the finance arranged at the outset.
How it works
Share the project details
Tell us the property, the scope of works, your exit plan, and the timeline. We assess the right renovation finance product - light, heavy, or self-build - and the most appropriate lender for the project.
Indicative terms within hours
We return indicative renovation finance terms within hours of receiving the project details. For most refurbishment cases we can confirm lender appetite before a formal application is submitted.
Monitoring surveyor and staged drawdown
Heavy refurbishment and self-build products use an independent monitoring surveyor to verify each stage before funds are released. We co-ordinate the surveyor appointment as part of the application process.
Exit finance arranged at the outset
We arrange the exit mortgage or BTL remortgage at the same time as the renovation bridge - ensuring the exit route is viable before the bridge is drawn and avoiding a refinancing problem at the end.
Financing a renovation or refurbishment project?
Share the property, works scope, and exit plan. We match the right renovation finance product to your project and return indicative terms within hours.
Frequently asked questions
Can I get a mortgage on an uninhabitable property?
Not from a standard residential lender. Uninhabitable properties require specialist renovation bridging finance, which assesses the property's post-renovation value and funds both the purchase and the works. Once renovated to a habitable standard, the property can be refinanced onto a standard mortgage.
What is the difference between light and heavy refurbishment?
Light refurbishment covers cosmetic and non-structural works - kitchens, bathrooms, redecoration. Heavy refurbishment covers structural work, extensions, loft conversions, or change of use. The distinction matters because heavy refurbishment products have different LTC ratios, surveyor requirements, and drawdown processes.
How does staged drawdown work?
Funds are not released in a single lump sum. After the initial purchase advance, further tranches are released as each phase of works completes - verified by an independent monitoring surveyor. This protects both lender and borrower from overpaying for incomplete works.
What LTV is available for renovation mortgages?
Loan-to-cost (LTC) ratios up to 75% for light refurbishment. Heavy refurbishment products typically advance up to 65-70% of GDV (post-renovation value). The right metric depends on the product type - we clarify which applies to your specific project.
What is the exit from a renovation bridge?
Three common exits: sale of the completed property, refinance onto a standard residential mortgage, or refinance onto a BTL mortgage once tenanted. We model and arrange the exit finance at the point the bridge is set up - so the exit route is confirmed before funds are drawn.