Refurbishment finance
- Up to 100% of refurbishment costs
- Up to 80% OMV and 75% LTGDV
- Suitable for all project sizes
- No early repayment charges
Refurbishment finance for investment properties
Refurbishment finance for every type of project
Unlock the funding you need for property refurbishments, whether you’re making light updates or undertaking extensive transformations. Our tailored finance options cater to developers of all experience levels, ensuring you have the right support for your project.
Key features of our refurbishment finance products:
Flexible funding: Our finance covers light, substantial, and extensive refurbishment projects, offering the right support for a wide range of needs.
Loan-to-value (LTV): Access up to 80% OMV for a variety of refurbishment projects, helping you unlock the capital required to move forward.
Loan duration: Flexible terms up to 24 months, ideal for various development timelines.
Competitive interest rates: Enjoy competitive fixed monthly rates from 0.70% per month.
Fast approval: Quick and efficient approval process to get you the funds when you need them.
No early repayment charges (ERCs): No ERCs with a minimum interest period of just 1 to 3 months, making your loan terms more transparent and manageable.
Our loans are designed to cover a wide range of property types, including residential, semi-commercial, commercial-to-residential conversions, for properties across England and Wales. With Catalyst, you’ll experience financing flexibility that traditional lenders might not offer.
For competitive terms, contact our experienced team today.
First charge fixed monthly rates:
| % of Open Market Value / % Gross Development Value | 65% OMV / 60% LTGDV | 70% OMV / 65% LTGDV | 75% OMV / 70% LTGDV | 80% OMV / 75% LTGDV |
|---|---|---|---|---|
|
LIGHT REFURB cost of works up to 50% of OMV / 50% GDV Expansion up to 25% of property footprint, excluding loft extensions |
||||
| Self funded works fixed rates from |
0.70% | 0.75% | 0.80% | 0.85% |
| Catalyst funded works fixed rates from |
0.75% | 0.80% | 0.85% | 0.90% |
|
MODERATE REFURB cost of works from 50% to 100% of OMV / 50% GDV Expansion up to 25% property footprint, excluding loft extensions |
||||
| Catalyst funded works fixed rates from |
0.80% | 0.85% | 0.90% | 0.95% |
|
HEAVY REFURB cost of works over 100% of OMV / up to 50% GDV Expansion over 25% of property footprint |
||||
| Catalyst funded works fixed rates from |
0.85% | 0.90% | 0.95% | N/A |
Who you'll work with
Throughout your project you’ll be supported by our expert team
New business Team
Underwriting Team
Servicing Team
Head Office Team
‘Your service and support have been first class’ ‘I appreciate your credit-based approach’ ‘The options are workable and pragmatic. Thanks!’ ‘Quickest and most engaged lender I approached’
Your customer journey
Share your idea
Brokers and potential borrowers contact our New Business Team to discuss their property project and funding requirements. They can either call, email or complete a website Quick Loan Enquiry form. Our BDMs respond in person within 4 working hours!
Head of Terms
Our BDMs structure competitive heads of terms for the broker and borrower. Once agreed, it's time to begin the application process and submit the application pack.
Application time
Your BDM will introduce you to your dedicated Catalyst Underwriter, who reviews your application and liaises with the appointed solicitors, to ensure valuations are completed and funding is agreed quickly.
Loan completion: Funding provided
Following the underwriting process and valuation review, your Underwriter will work with you to ensure funding is provided as quickly and efficiently as possible. Ready for you to begin your property project.
Refurbishment finance FAQs
We’ve answered some of the most common queries below — from what we can fund to who’s eligible and how the process works. Whether it’s your first project or one of many, this should give you a clear idea of what to expect.
What is refurbishment finance?
Refurbishment finance is a short-term loan used to fund property improvement works — from light upgrades to more extensive structural renovations. It’s designed to support investors and developers looking to add value to a property before selling or refinancing.
What types of refurbishment projects are eligible?
We support a wide range of projects, including cosmetic updates, structural works, and expansions over 25% of the property footprint. At least one original wall must remain in place throughout the build for the loan to qualify.
How much can I borrow?
We offer refurbishment loans from £100,000 to £20 million, depending on your project scope and experience level.
What’s the maximum loan-to-value (LTV)?
We lend up to 80% of the Open Market Value (OMV) and up to 75% of the Gross Development Value (GDV). Lending is tailored based on the strength of the deal, the borrower’s experience, and the projected end value.
Can I get 100% of the refurbishment costs covered?
Yes — we can fund up to 100% of the refurbishment costs, typically in arrears. This means funds are released in stages as work is completed, verified by inspections or asset manager reporting.
Who is eligible for refurbishment finance?
We work with both experienced and first-time developers. More experienced applicants may benefit from higher LTVs and faster approvals, but we assess every deal on its own merits.
How long can I borrow for?
Loan terms are available up to 24 months. Our typical loan term for bridging/refurb loan is 12 months.
How is interest charged?
Rolled interest. Your Catalyst BDM will be happy to discuss the interest options available to you.
Can I have a further advance of the loan once works are complete?
Yes — where experienced clients have self-funded the refurb, we may offer a further advance at Practical Completion, subject to valuation, LTV caps, and site inspection. This is a flexible option for clients looking to refinance or move to a longer-term product.
What properties are eligible for refurbishment loans?
We accept residential, semi-commercial (where the residential element is over 50%), and commercial-to-residential conversion projects. All properties must be located in England or Wales.
Here are a few of our case studies
Real examples of how our refurbishment finance has helped clients unlock value, fund works, and complete successful projects.
Residential bridging loans for all types of projects
Our refurbishment finance products are designed to provide flexible funding for a wide range of property refurbishment projects, from light updates to more extensive transformations. Whether you’re an experienced developer or just starting, we offer tailored finance options to meet your project needs and goals.
Comprehensive refurbishment finance
With generous terms, refurbishment finance is an ideal solution for property developers looking to enhance or expand properties while managing cash flow effectively. Our finance covers various refurbishment levels, including:
- Light Refurbishment: For projects with work costs up to 50% of Open Market Value (OMV) or 50% of Gross Development Value (GDV).
- Moderate Refurbishment: For work costs ranging from 50% to 100% of OMV or 50% GDV, ideal for larger renovation projects.
- Heavy Refurbishment: For projects exceeding 100% of OMV and up to 50% GDV, perfect for major transformations.
Flexible interest rates for first charge loans
Our refurbishment finance includes competitive fixed monthly rates, tailored to project scope and borrower experience:
- Rates for light refurb for works up to 50% of OMV/50% GDV:
- Self funded works starting from 0.70% for lower LTVs.
- Catalyst funded works starting from 0.75%.
- Loan sizes from £100,000 to £20 million.
- Rates for moderate refurb for works from 50% to 100% of OMV/50% GDV:
- Catalyst funded works starting from 0.80%.
- Loan sizes from £100,000 to £20 million.
- Rates for heavy refurb for works exceeding 100% OMV/Up to 50% GDV:
- Catalyst funded works starting from 0.85%.
- Loan sizes from £100,000 to £20 million.
Who can apply for refurbishment finance?
Our finance products cater to various borrowers, including UK individuals, LTD Co/LLPs, offshore LTD companies, and trusts (case-by-case basis). Our lending criteria are adaptable to different levels of experience:
- Experienced developers and contractors: Up to 80% of Day 1 OMV/75% LTGDV for those with a proven track record (3 similar schemes over 5 years or 10 projects over 10 years).
- Inexperienced developers: Funding available up to 80% of Day 1 OMV/75% LTGDV, providing opportunities for those new to development but without extensive experience.
- First-time developers: Considered on a case-by-case basis, enabling new developers with no prior projects to secure financing for entry-level property investments.
Loan terms and conditions
Our refurbishment finance offers flexibility in terms, allowing borrowers to manage their projects effectively:
- Terms: Loans are available for up to 24 months.
- Early repayment charges (ERCs): No ERCs, with a minimum interest period of 1 to 3 months.
- Property types: We finance residential, semi-commercial (with over 50% residential use), and commercial-to-residential conversion projects.
- Loan sizes: Flexible loan sizes ranging from £100,000 to £20 million.
Property-specific lending criteria
Our refurbishment finance product accommodates a wide range of property types and refurbishment scopes:
- Refurbishment requirements: For structural refurbishments, at least one original wall must remain standing throughout the project.
- Monitoring and compliance: We can accept Asset Manager reporting on a case-by-case basis to monitor progress.
- Further advances: Experienced clients who self-fund works can apply for a further advance upon Practical Completion, provided they stay within the maximum 75% LTGDV limit.
Why choose our refurbishment finance?
Refurbishment finance with us offers flexibility, competitive rates, and tailored solutions to support property improvements of all sizes. Whether you’re adding value to a property before sale or transforming an asset for rental, our products provide the funding you need to bring your vision to life.