Heavy refurbishment finance is a specialist form of bridging loan designed for projects that involve structural changes, change of use, or works requiring planning permission. It's more complex than light refurb but opens up significant value-add opportunities.
Light vs Heavy Refurbishment
Light refurbishment covers cosmetic works — new kitchens, bathrooms, redecoration. Heavy refurbishment involves structural alterations, extensions, loft conversions, change of use, or works requiring planning permission.
Typical Loan Structure
Lenders typically advance 70–75% of the purchase price initially, then release further funds in staged drawdowns as works progress. Total facility can reach up to 75% of the gross development value (GDV).