Refurbishment Finance
in Market Harborough

Refurbishment finance covers the spectrum from light cosmetic works (redecorating, new kitchen and bathroom, garden landscaping) to heavy structural refurbishment (reconfiguration, extensions, change of use, and full strip-back renovation). The product you need depends on the scope of works: light refurb typically falls within bridging parameters, while heavy refurb requires a specialist facility with staged drawdowns.

Lenders categorise refurbishment into light and heavy based on whether the works require planning permission, building regulations sign-off, or structural alterations. Light refurbishment (typically under £50K or 15% of property value) can often be funded through a standard bridging facility with a retained works element. Heavy refurbishment over this threshold usually requires a dedicated refurbishment facility with surveyor-certified drawdowns.

The exit strategy for refurbishment finance is straightforward: refinance the completed property onto a long-term mortgage (buy-to-let or residential) or sell at the improved value. Lenders want to see a clear margin between your total costs (acquisition + works + finance costs) and the expected end value — typically requiring at least 20-25% headroom.

The region's industrial heritage creates abundant conversion opportunities, from Victorian mills and factories to post-war commercial buildings with permitted development potential. Build costs are competitive, and the presence of multiple universities drives consistent demand for purpose-built student accommodation and HMO conversions.