Development finance guide
Development finance for refurbishment projects
Refurbishment funding depends on the property, works, costs, planning position and exit route. Light and heavy refurbishments can be reviewed differently.
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Light vs heavy refurbishment
Light refurbishment may involve cosmetic or non-structural works. Heavy refurbishment can involve structural changes, planning, conversion or more complex works.
The category matters because lender appetite, valuation, monitoring and drawdown structure can change.
What lenders may review
Lenders may look at purchase price, current value, works cost, schedule of works, borrower experience, planning, professional team, GDV, contingency and exit route.
Funds may be released in stages as works progress, depending on the facility and monitoring process.
Exit route
The lender will usually want to understand how the facility will be repaid, such as sale, refinance, commercial mortgage, buy-to-let refinance or another agreed route.
How Jolt makes the next step easier
You do not need to know the perfect lender at the first step. Jolt looks at the funding purpose, timing, documents and likely route, then helps shape the enquiry around lender appetite.
Start with the amount, what the money is for and how quickly it is needed. If the route is not obvious, the enquiry can still be reviewed without turning this page into another form.
Development finance for refurbishment projects FAQs
Can refurbishment be funded?
It may be possible where the property, works, borrower profile and exit route meet lender criteria.
What is GDV?
GDV means gross development value, or the expected value after works are completed.
Are funds released upfront?
Often works funding is staged, but the structure depends on the lender and project.
What documents help?
Schedule of works, costings, valuation, planning details, experience, purchase details and exit plan are useful.