Refurbishment Finance
Fund Light, Heavy, or Structural Property Works
At Springboard Funding, we arrange unregulated refurbishment finance for investors and developers improving, converting, or repurposing property. Whether you’re completing a light refurb before refinancing to buy to let, or undertaking a heavy conversion requiring planning, our lenders provide fast, flexible finance tailored to your project.
What Is Refurbishment Finance?
Refurbishment finance is a form of short term bridging or development funding used to improve a property’s condition and increase its value.
It’s ideal for:
- Light refurbishments: cosmetic updates, kitchen/bathroom replacement.
- Heavy refurbishments: structural changes, extensions, or conversions.
- Planning and change of use: commercial to residential conversions.
All facilities are unregulated, for investment or business purposes only.
Typical Loan Terms:
Feature: Light Refurb: Heavy Refurb:
Loan Size: £50k – £5m+ £150k – £10m+
Term: 3 – 18 months 6 – 24 months
LTV / LTGDV: Up to 80 % LTV Up to 75 % Capped on LTGDV
Interest Rates: From 0.65 % / month From 0.75 % / month
Funds Released: Tranche drawdowns via QS
Exit Route: Sale or refinance Sale or refinance
Why Use Springboard Funding?
Expert Knowledge: for both light and heavy refurb projects.
Fast approvals: indicative terms in 24–48 hours if needed.
Flexible structures: rolled up or retained interest.
Support through planning and valuation stages.
Seamless exit: refinance to long term BTL or development exit loans.
Who Qualifies?
- Investors or SPVs: buying tired properties for resale or rental.
- Developers: improving or converting existing stock.
- Landlords: upgrading HMOs or mixed use units.
- Clients: refinancing post works into a BTL or term product.
Frequently Asked Questions:
Q: Can I get refurbishment finance before works start?
A: Yes. Many lenders will release funds upon completion or provide staged drawdowns.
Q: What qualifies as light vs heavy refurbishment?
A: Light refurb involves non structural cosmetic work; heavy refurb includes structural changes or planning alterations.
Q: Can I borrow 100% of works costs?
A: Some lenders offer full works funding within total LTV limits.
Q: What is the exit strategy?
A: Usually sale or refinance to a BTL or term mortgage after works completion.
⚠️ Important Notice
We arrange unregulated refurbishment finance for property investors, developers, and companies.
Our services are not authorised or regulated by the Financial Conduct Authority (FCA) and not suitable for owner occupied residential property.
Case Studies
Manchester
Loan Amount: £190,500
Loan Term: 12 months
LTV: 70%
Charge: 1st
Overview:
A traditional working man’s pub required funding to refurbish the bar area and convert the upper floors into two residential flats.
Solution:
- Arranged semi commercial bridging finance to cover refurbishment and conversion costs.
- Enabled works to modernise the pub and create two self contained flats with a separate entrance.
- Secured buy to let mortgages on the completed flats.
- Released sufficient funds to support the client’s next project.
Outcome:
The client successfully enhanced the property’s value, generated rental income from the flats and bar lease, and freed capital for further investment.
Knowledge Hub
Downloadable Quick Read
Insights and Guides Insights and Guides
Always happy to meet in person
If you’d prefer a face to face meeting to discuss your requirements, we’ll be glad to arrange it at a time that suits you. We’re available outside of regular business hours, including evenings and weekends, and are happy to travel to meet you.
Contact us
Edward
edward@springboardltd.co.uk - 07378 448 241
Aston
aston@springboardltd.co.uk - 07471 754 311
Telephone: 0121 485 0027
E-mail: info@springboardltd.co.uk
Address: 11 Brindley Place, Brunswick Square, Birmingham, B1 2LP
by appointment only
