We’re here to help with everything from property purchasing and refurbishing costs to interest and fees. We can arrange loans from £350,000 to £3M for the improvement of existing buildings prior to lettings or resale.

Our Light Refurbishment Loan can be used on properties such as HMO’s, flats and student accommodation, can be a first or second charge, and provides up to 70% of the improved value and is advanced in three stages.

Our Heavy refurbishment Loan would be more suitable for structural reconfiguration and the extension of existing residential properties for which planning permission may be required. We fund the total development cost, including interest, and we agree at outset the amount of the purchase loan and the final release available on completion of the works.

Refurbishment Loan - Lending Terms and Criteria
Loan Term:
Light Refurbishment

3 - 24 Months

Heavy Refurbishment

3 - 24 Months

Minimum Loan:
Light Refurbishment


Heavy Refurbishment


Maximum Loan:
Light Refurbishment


Heavy Refurbishment


LTV up to:
Light Refurbishment

A) 50% LTGDV

B) 70% LTGDV

Heavy Refurbishment


Interest from:
Light Refurbishment

A) 0.60%

B) 0.70%

Heavy Refurbishment


Light Refurbishment and Heavy Refurbishment

• Arrangement fee 2%
• Exit fee 1% (heavy refurbishment only)

Light Refurbishment and Heavy Refurbishment

• Light Refurbishment:
o Decoration, installation of new bathrooms, kitchens, staircases, heating, plumbing, electrical installation, roofing repairs etc. within an existing structure.
o Excluding structural reconfiguration and extension or any improvements for which planning permission is required.
o Cost of works cannot exceed 50% of the current value or £500,000
• Heavy Refurbishment (with supervision):
o As light refurbishment but including structural reconfiguration and extensions, including where planning permission is required.
o Cost of works can exceed 50% of the current value but not more than £1M

Light Refurbishment and Heavy Refurbishment

• Initial advance for purchase or refinance
• Further drawdowns to fund improvements
• Final advance on practical completion of the works up to maximum LTV
• Reduced interest rate following practical completion
• Option to extend loan or convert to a 3-5 year interest-only term loan following practical completion (not available for regulated loans)

Available for:
Light Refurbishment and Heavy Refurbishment

• Purchase
• Refinance
• Improvement
• Refurbishment
• Extension
• Equity release

Secured on:
Light Refurbishment and Heavy Refurbishment

• Residential:
o Owner-occupied houses and flats
o Buy-to-let houses and flats let on assured shorthold tenancies
o Licenced HMO’s
o Residential investments
o Student accommodation
• Commercial:
o Retail, industrial and office investments
o Owner-occupied, retail, industrial and office properties

Available to:
Light Refurbishment and Heavy Refurbishment

• Individuals and Partnerships
• UK Limited Companies and Limited Liability Partnerships
• Off-shore borrowing entities in approved jurisdictions

Standard Security:
Light Refurbishment and Heavy Refurbishment

• First or Second Mortgage over the Property
• Debenture (Limited Companies & LLPs only)
• Personal guarantee (Limited Companies & LLPs only)

Excluded Properties:
Light Refurbishment and Heavy Refurbishment

• Farms, stables, kennels, equestrian centres and other agricultural holdings
• Non-conforming, remote or unusual properties
• Leaseholds less than 50 years
• Grade 1 listed buildings


Call Us: 020 8349 5190 
Email Us:
Or alternatively, click here to get in touch.


Download the forms
Our PDF application form can be completed online or printed out. Simply visit our web site, download the application form. Save it onto your desktop. Open and complete from your desktop. We want to process your application without delay, so please provide all the information required. If you have any questions or problems completing the form, please call us on 020 8349 5190.



Third Party

Schedule of

Property Loans
Finance for the property industry and business community
Property Loans
Short-term loans for homeowners and residential investors
Individually structured development finance for residential and commercial projects
The ALTERNATIVE Overdraft provides a flexible loan facility which can be drawn upon whenever required.
Term Loan
Individually underwritten loans by people for people, not tick boxes and algorithms.