Refurbishment Finance - We've got a Game Plan for your Master Plan

The right Refurbishment Loan is the key to your project - take the time to talk things through with the experts

Speak to one of our experts020 4525 5312

Funding options

  • 1 to 36 months
  • £25,000 – No Maximum
  • Monthly rates starting from 0.35%
  • Non-status and full status
  • Interest roll-up schemes
  • Adverse Credit – no problem
  • No Income Proof Required
  • Funding can be available in 5 – 7 business days
  • Funds for any legal purpose
  • Up to 100% Loan to Value available
  • Land purchase or refinance up to 70% of value
  • Commercial, Residential and Land

Speak to real finance experts who really understand the complexities of Refurbishment

Property refurbishment can be lucrative, but buying a property and funding work needs special financial arrangements. We know the lenders who can provide them, and use our contacts to help you secure the deal that's right for you.

At Rangewell we recognise your professional status, and we work harder to find you better solutions - which can include 100% finance for many of your needs.

Bringing a property back to life can be a very rewarding business, and profitable.

Of course, there are some hurdles, with planning rules and building regulations to consider. Careful budgeting is important, too - you need to cover architects and planning fees, specialist contractors, materials and contingencies. 

You have enough to do without searching through all the lenders and products available to ensure you get the right financing. At Rangewell, we believe that a specialist Refurbishment Finance arrangement could provide the solution you need.

Refurbishment Finance is designed specifically for property professionals looking to refurbish or improve existing properties. It differs from Property Development Finance, which is generally intended for major ground-up construction. Instead, Refurbishment Finance is used for projects that may retain original structures and use, but which will update them to meet modern standards. It could provide the answer when you want to you buy and refurbish both residential property and commercial property 

Light or heavy refurbishment?

Refurbishment Loans are available for both light and heavy refurbishment.

Light refurbishment

If a property simply needs redecorating, rewiring or relatively minor changes, such as newly fitted kitchen or bathroom, this can be arranged through a Light Refurbishment Mortgage, which may cover both purchase or the works alone. Light Refurbishment Mortgages are ideal for developers looking to refurbish a property as an investment, especially those properties where a conventional mortgage might not be available because of the condition.

A light refurbishment property should be currently habitable with working utilities.

The work required should not require any planning permission approvals or structural work that requires building regulations approval. There should not be any change to the use of the property. 

Heavy refurbishment

If the works require a change of use, for example, converting offices into flats, or any structural works requiring consent from the local authorities, this would be considered a heavy refurbishment project and would require a heavy refurbishment mortgage. Heavy Refurbishment Mortgages allow experienced property developers and investors to fund both the purchase of a property needing work and the funds to carry out the refurbishment required. 

The refurb may include conversion of a single building into multiple letting units, such as self-contained flats or a multi-tenancy home of multiple occupation (HMO), where reconfiguration may be necessary.

With heavy refurbishment, the lender will want to see a schedule of works. This is a detailed breakdown of the work and costs involved in the project, together with projected timings. A valuer will comment on whether the intended budget is realistic and if the time scale is achievable. 

Lenders may also want to see evidence of your past projects, to ensure that you have the skills and vision to complete the work.

How Refurbishment Finance works

Refurbishment Finance is based on the gross development value (GDV), the value of the project once completed. This is also known as the post refurbishment works value.

Loans may available from £100k to £10m. Lenders may consider lending up to 70% of GDV, with funds released in stages. These funds may cover both the property purchase as well as refurbishment works, although funds may also be available for developers who already own a property in need of work.

Terms of up to 18 - 24 months are available, and interest payments may be rolled up in the total loan amount.

As with all property finance, there will also be fees:

Arrangement fees

These are charged by the lender for arranging the loan and are typically 1.5% to 2% of the loan amount.

Exit fees

Not all lenders apply exit fees - those that do may charge a percentage of the loan amount or, sometimes, the gross development value.

Valuation fees

Lenders will instruct a surveyor to value the property both before and post refurbishment works. The scale of these fees will depend on the size of the project.

How Rangewell can help you set up Refurbishment Finance

All types of property finance demands expertise because of the large sums involved.

At Rangewell, our team of finance advisors includes people with specific expertise across the property sector. They can help you find the right kind of finance arrangement for your refurbishment needs, whether you are an experienced developer with a major project and need finance for property developers, or a property owner seeking to increase the value of your investment.

We can help whether you have a specific refurbishment in mind, such as needing finance for holiday lets, or even a niche project such as a medical facility refurbishment (a big project like refurbishing a hospital, individual premises like refurbishing a physiotherapists, or even multiple branches like veterinary practice refurbishment).

Our service is personal. We can work with you to understand your project and the potential as well as the costs. When you call us, we can explain the options that may be available, and help you arrange the most competitive finance to meet them.

Discover our range of finances

Every type of finance for every type of business

Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.

Helping you build your profits

  • Heavy refurbishment
    Heavy refurbishment finance may be suitable for experienced developers working on projects requiring construction or conversion works.
  • Light refurbishment finance
    Habitable property that requires light work to increase its value can be funded with Light refurbishment finance.
  • Funding all types of property work
    By arranging the right kind of refurbishment finance, all kinds of refurbishment work can be funded, from decoration to conversions and change of use.
  • No monthly costs
    Investment charges can be rolled up into the final payment.
  • Fixed payments
    Payments are usually agreed at the outset, letting you budget ahead with confidence.
  • Staged payments
    Staged payments provide funds as they are needed, reducing your interest charges.

Download Rangewell’s free and detailed guide to Property Refurbishment Finance

What types of property finance are there - which do you need?

Refurbishment or development?

Why not all providers are equal - finding the one that’s right for you

How we can help you pay less than 0%

The downsides to property finance- and how to avoid them

How to arrange property finance - What paperwork do you need?

Key terms explained

What is the difference between heavy refurbishment and light refurbishment projects?

Do property developments companies wishing to use property development or property refurbishment finance have to adhere to building regulations?

 Are there exit fees or early repayment fees associated with this type of finance?

Can commercial mortgages be used for residential property?

Does a property developments company/individual property investors require an experienced team/experience to quaify for property finance?

Is there a maximum borrowing limit, regardless of the value of the property? 

Does property require planning permission to be eligible for finance?

Do I need a registered office and does it need to be registered in England and Wales to apply for property finance?

What does it mean that my home may be repossessed if I default on a mortgage or any other debt secured on it? 

Is Refurbishment Finance classed as short-term finance?

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Lending secured on your propertyYour property may be at risk if you are unable to make the repayments on a refurbishment loan.
Staged payments require verificationWork must be completed to an independent valuers satisfaction before each staged payment can be released.
Short-term commitmentRefurbishment loans are for the short term. If you are unable to repay, by either selling the property or arranging alternative finance, your property may be at risk.

Our service is:


Transparent and independent, treating all lenders equally, finding the best deals.


Every type of finance for every type of business from the entire market - over 300 lenders.


Specialist Finance Experts support you every step of the way.


We make no charge of any kind when we help you find the loan you need.