Refurbishment Finance

Fund Light, Heavy, or Structural Property Works

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

Interest Rates:

From 0.65 % / month

From 0.75 % / month

Funds Released:

Tranche drawdowns via QS

Exit Route:

Sale or refinance

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.

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.

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

Frequently Asked Questions

We have compiled a list of frequently asked questions to help you find instant answers to your queries

Can I get refurbishment finance before works start?

Yes. Many lenders will release funds upon completion or provide staged drawdowns.

What qualifies as light vs heavy refurbishment?

Light refurb involves non structural cosmetic work; heavy refurb includes structural changes or planning alterations.

Can I borrow 100% of works costs?

Some lenders offer full works funding within total LTV limits.

What is the exit strategy?

Usually sale or refinance to a BTL or term mortgage after works completion.

⚠️ Important Notice: We arrange unregulated bridging and development finance for property investors, companies, and developers. Our services are not regulated by the Financial Conduct Authority (FCA) and do not apply to owner occupied or consumer residential lending.