Medium Refurbishment Finance
Finance for more significant property works — structural alterations, extensions, loft conversions and change-of-use projects requiring planning or building regulations.
Beyond Cosmetic — Structural Improvements
Medium refurbishment finance bridges the gap between light cosmetic works and full heavy refurbishment or development. It covers projects that involve structural alterations, extensions, loft conversions, basement conversions, change of use from commercial to residential, and works that require planning permission or building regulations sign-off. Funds are typically released in staged drawdowns as works are completed and inspected.
What Counts as Medium Refurbishment?
Get a Quote
Fast response — often within the hour for urgent cases.
Key Criteria
• LTV: Up to 70–75% of current value, or a percentage of GDV
• Drawdowns: Staged releases against surveyor-verified completed works
• Term: 6 to 24 months
• Rates: From 0.65% per month
• Exit: Refinance to mortgage, sale, or further development finance
How the Process Works
Enquiry
Tell us about the deal — property, amount, timeline and exit strategy.
Terms & Costs
We source the best terms from our panel and provide a full cost breakdown.
Valuation & Legal
Valuation is instructed and solicitors prepare legal documentation.
Completion
Funds released — often within 5–14 working days from initial enquiry.
Risks & Considerations
- • Bridging loans carry higher interest rates than standard mortgages — they are designed for short-term use only
- • If your exit strategy fails (e.g. property doesn't sell), you may face penalty charges or the lender may seek repossession
- • Arrangement fees, valuation fees and legal costs apply and should be factored into the total cost
- • Interest is typically charged monthly — ensure you budget for ongoing costs during the loan term
- • Some bridging loans are not regulated by the FCA — unregulated loans do not offer the same consumer protections
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A bridging loan is secured against property. Your property may be at risk if you do not keep up repayments. Bridging finance is a short-term solution and should not be used as a long-term borrowing facility.
Chess Mortgages is authorised and regulated by the Financial Conduct Authority. Some bridging loans are not regulated by the FCA.
Frequently Asked Questions
Ready to Get Started?
Speak with one of our expert advisers today — initial consultation at our expense, and without obligation.