Refurbishment Finance
in Thetford

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.

Suffolk and Norfolk offer a different dynamic: market towns with genuine housing undersupply and a growing retiree population seeking quality new-build stock. Build costs are moderate, and local planning authorities in several East of England districts have been more receptive to residential development than their South East counterparts.