Refurbishment bridging: 100% of the works funded, no monitoring surveyor
Buy the property and have the cost of the works funded on top. Light or heavy refurbishment, no monitoring surveyor or quantity surveyor slowing every release.
Refurbishment: purchase plus 100% of the works
Illustrative facility · not a quote or offer
100% of the works, funded
On a refurbishment, some specialist bridging lenders we introduce to will fund the full cost of the works on top of the purchase advance, so your own money only goes into the deposit and costs, not the build. The total facility is kept within a percentage of the value after works, typically around 70% of the end value, and the day-one advance is the lower of 90% of the price or 70–75% of today's value.
No monitoring surveyor, no QS
On development finance, every release of money waits for a monitoring surveyor's site visit and report, and the scheme is costed by a quantity surveyor up front. That costs fees and weeks. On refurbishment, light or heavy, the lenders we introduce to don't appoint a monitoring surveyor or a QS: you give them a schedule of works with costs, and that's it.
A monitoring surveyor and QS are normally only needed on ground-up developments and larger commercial-to-residential conversions.
Quick, simple access to the works money
- Drawdowns online, requested as the works progress rather than waiting for a site inspection.
- Evidence is simple: photos, invoices or receipts for what has been done.
- Money released fast, so your builder isn't left waiting and the job doesn't stall.
- Interest only on what you've drawn where funds are released as needed, so you aren't paying for money sitting idle.
Light refurb, heavy refurb or development?
| Light refurbishment | Heavy refurbishment | Ground-up and larger conversions | |
|---|---|---|---|
| Typical works | Kitchens, bathrooms, decoration, rewiring, windows | Structural works, extensions, loft conversions, HMO conversions, splitting into flats | New builds, and larger commercial-to-residential schemes |
| Planning | Usually none | Sometimes, plus building regulations | Full planning or prior approval |
| Works funding | Up to 100% of the works | Up to 100% of the works | Development finance, released in stages |
| Monitoring surveyor / QS | Not required | Not required | Usually required |
| Access to funds | Quick, online, photos and invoices | Quick, online, photos and invoices | After each surveyor inspection |
The exit: refinance on the new value
When the works are finished, you refinance onto a buy-to-let, HMO or commercial mortgage based on the new valuation, or sell. With the works funded and the refinance on the higher value, a good project can pull most or all of your money back out. Screen an HMO in the HMO deal builder, read about bridge-to-let, and if you're buying under value see below market value bridging.
What you'll need
- A schedule of works with costs, and a sensible contingency.
- A realistic value after works, which the lender's valuer has to support.
- A clear exit: the refinance or the sale.
- For an HMO, the licensing and Article 4 position with the council.
Frequently asked questions
Can a bridging loan fund 100% of refurbishment costs?
Yes, with some lenders. Some specialist bridging lenders fund the full cost of the works on top of the purchase advance, within a total facility of around 70% of the value after works.
Do I need a monitoring surveyor for a refurbishment loan?
Not with the lenders we introduce to, on light or heavy refurbishment. A schedule of works is enough, and releases are made on photos and invoices. A monitoring surveyor and QS are normally only needed on ground-up developments and larger commercial-to-residential conversions.
How quickly can I draw down the works money?
Releases are requested online as the works progress and are typically paid quickly, so the builder isn't left waiting.
What is the difference between light and heavy refurbishment?
Light refurbishment is non-structural: kitchens, bathrooms, decoration, rewiring. Heavy refurbishment includes structural works, extensions and conversions such as HMOs or splitting into flats. Both can be funded without a monitoring surveyor; ground-up development is different.
How long does a refurbishment bridge last?
Typically 6–18 months, depending on the works and the time to refinance or sell.
Got a deal in front of you?
Get indicative bridging terms on your case in a few minutes, or tell us about it and a specialist will come back to you.
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All finance is subject to the lender's assessment, case by case. Criteria, loan amounts, works funding and terms vary by lender and change without notice. DasLend is an introducer only. We pass enquiries to specialist lenders and FCA-regulated firms; we do not lend, advise or arrange finance. All figures are illustrative, not a quote or an offer. Property used as security may be repossessed if you do not keep up repayments.