Fund the works, not just the purchase

• Cosmetic refresh of a rental property — kitchen, bathroom, flooring, decoration — ahead of re-letting or sale
• Buy-refurbish-refinance (BRR) purchases where the property doesn't qualify for a standard mortgage in its current state
• Structural or layout changes: extensions, loft conversions, internal reconfiguration
• Converting a single property into multiple self-contained units (HMO or flats), subject to planning
• Bringing an uninhabitable or unmortgageable property up to a lettable or saleable standard

• •A clear, itemised schedule of works and cost, ideally from a contractor quote
• •A realistic post-works (end) value, supported by comparable evidence
• •For heavy refurb: building regulations and, where relevant, planning consent in place or well progressed
• •A sensible loan-to-cost and loan-to-value for the works and the exit
• •A credible exit — refinance onto a term mortgage, or sale

1. 01

   Scope the works

   Tell us what's being done — cosmetic or structural — plus the cost and the end value you expect.

2. 02

   We match the lender

   Light refurb and heavy refurb sit with different lenders; we find the ones suited to your scope.

3. 03

   Terms agreed

   Facility structured around purchase (if applicable), works cost and your planned exit.

4. 04

   Works & drawdowns

   For heavy refurb, funds are released in stages as work is verified; light refurb is typically a single release.

5. 05

   Exit

   We help you plan the refinance or sale early, so there's no gap once works complete.

How do I know if my project is 'light' or 'heavy' refurbishment?+

As a rule of thumb: if the work needs building regulations sign-off, changes the structure or layout, or requires planning permission, lenders will treat it as heavy refurbishment. Cosmetic work — kitchens, bathrooms, decoration, non-structural repairs — is generally treated as light.

Is refurbishment finance the same as development finance?+

They overlap. Very heavy refurbishment (large extensions, conversions, changes of use) is often funded on development finance terms with a monitoring surveyor and staged drawdowns. Lighter projects are usually funded as a straightforward bridging facility with works cost included.

Can I fund the purchase and the works in one facility?+

Usually, yes — refurbishment facilities are commonly structured to include both the purchase price and the works cost, subject to the combined loan-to-value and loan-to-cost the lender is comfortable with.

What happens if the works cost more than expected?+

This is exactly why an accurate, contractor-backed cost estimate matters at application stage. Some lenders build in a contingency allowance; if costs materially overrun, it can affect drawdowns, so realistic budgeting up front avoids problems later.

What's my exit once the refurbishment is finished?+

Most commonly either a sale of the finished property, or a refinance onto a standard buy-to-let or commercial mortgage now that it qualifies for mainstream lending. We help plan this before works even start, not after.

Get Backing arranges finance secured on investment and development property for business purposes only. This is not a regulated mortgage contract. Rates, terms and fees are subject to status, lender criteria and independent valuation, and are not guaranteed. Security may be required over property and other assets, and property used as security may be at risk if repayments or the agreed exit are not met.