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03 / BUY-To-LET MORTGAGES
Refurbishment finance finance for what's next.
Specialist property finance to help investors renovate, improve and unlock the potential of existing properties.
From cosmetic improvements to complex refurbishment projects, we look beyond a property's current condition to understand what it could become.
REFURBISHMENT FINANCE
See beyond what a property is today.
Some of the best property opportunities require more than a simple purchase. Refurbishment finance can help investors acquire, improve and reposition qualifying properties before selling or refinancing.
Light refurbishment
Funding options for cosmetic improvements, kitchen and bathroom upgrades, redecoration and other qualifying non-structural works.
Heavy refurbishment
Explore specialist funding for substantial renovations, structural alterations and more complex improvement projects, subject to lender criteria.
Investment property upgrades
Finance for landlords and investors improving existing rental properties, upgrading accommodation or preparing properties for future letting.
Property conversions
Explore funding for eligible property conversions, reconfigurations and changes of use, subject to planning, regulatory and lender requirements.
HOW THE PROCESS WORKS
A clearer route from potential to progress.
Every refurbishment project is different. Our approach is designed to help you understand the funding structure, financial requirements and steps towards completion.
All funding is subject to lender criteria, underwriting, satisfactory security, legal checks and approval. Completion times cannot be guaranteed.
01 / Tell us about your plans
Share the property details, proposed works, refurbishment budget, timescale and intended outcome.
02 / Explore the possibilities
We'll assess the transaction and explore specialist lenders that may accommodate the property, proposed works and funding requirements.
03/ Understand the terms
Review indicative borrowing costs, property security, refurbishment funding, drawdown arrangements and the proposed repayment strategy.
04 / Progress towards completion
Where a suitable lender is identified, we'll help coordinate the application, valuation, legal process and lender requirements.
A DIFFERENT APPROACH TO PROPERTY FINANCE
When conventional lending stops, Beyond takes over
Ambitious property plans don't always fit conventional lending criteria. We combine specialist knowledge, lender relationships and a personal approach to explore funding solutions that move your plans forward.
Real people
Dedicated specialist advice
More possibilities
Solutions beyond standard criteria
With you throughout
Personal support from enquiry to completion.
REFURBISHMENT FINANCE
Understanding
the costs of refurbishment finance.
Refurbishment finance is often structured as short-term secured borrowing. The overall cost depends on the property, scope of works, borrowing amount, facility structure and lender requirements.
Depending on the transaction, potential costs can include:
01
Interest
Interest may be paid monthly, retained or added to the outstanding balance. The calculation and treatment depend on the facility.
02
Arrangement fee
Charges associated with setting up the mortgage facility, which may sometimes be added to the loan.
03
Valuation and legal costs
Property valuation fees and legal expenses, including lender legal costs where applicable.
04
Broker fees
Fees for arranging the finance, where agreed and disclosed.
05
Monitoring and additional charges
Potential surveyor inspection fees, staged-drawdown costs, extension fees and other charges under the facility terms.
The total financial commitment should also include the full refurbishment budget, contingency allowance, professional fees, applicable taxes and potential delays.
Compare the complete cost of borrowing and net funds available, rather than focusing solely on the advertised interest rate.
REFURBISHMENT FINANCE
The potential is in the project. The confidence is in the plan.
Refurbishment finance is generally intended to support a defined project over an agreed period. Before proceeding, it's important to understand how the works will be funded, how the property's future value has been assessed and how the borrowing will ultimately be repaid.
Sell the property
Repay the facility from the proceeds of a planned sale after refurbishment, allowing for realistic valuations, selling costs and market conditions.
Refinance the property
Replace the short-term funding with a suitable longer-term investment or commercial mortgage, subject to future lender criteria and property valuation.
Alternative repayment funds
Use another evidenced and acceptable source of repayment, where agreed with the lender.
A realistic exit strategy matters.The completed property's value is not guaranteed. Unexpected construction costs, delays, changes in market conditions or refinancing restrictions can affect the success of a project.
FREQUENTLY ASKED QUESTIONS
Your questions. Answered.
Refurbishment finance can involve different lending structures, property conditions and funding arrangements. Here are answers to some of the questions we hear most often.
Still have questions? Let's talk →
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RELATED GUIDES
Knowledge that moves you forward.
Bridging Finance Explained: How It Works, Costs and Risks.
Read the bridging finance guide →
