Refurbishment Loans

Unlock Value Through Strategic Renovation
Combining a bridging loan with a refurbishment facility is a powerful funding solution for property investors and developers. It allows you to not only purchase or refinance a property quickly, but also secure additional capital specifically for renovation works—all within one streamlined facility. This approach gives developers the speed and flexibility needed to capitalise on time-sensitive opportunities, while funding improvements that enhance both the property’s potential and profitability.
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  • Internal reconfiguration (e.g. layout changes, new kitchens or bathrooms)
  • Structural works (e.g. extensions, loft conversions)
  • Change of use (e.g. commercial to residential, or residential to HMO)
  • Cosmetic upgrades to improve value and lettability
  • Bridge-to-refurb scenarios for properties that need work before refinance or sale

Max LTV: 75%

Loan Size: £100k - £2.5m

Loan Term: 18 months

How Refurbishment Finance Works with Seneca Bridging

Fast, Flexible Finance to Add Value Through Refurbishment

Whether you’re buying to refurbish and flip, refinancing an underutilised asset, or upgrading a property to maximise rental income, Seneca Bridging’s refurbishment finance offers flexible, short-term funding designed to help you unlock value quickly and efficiently. This is ideal for property professionals working on light to heavy refurbishments across residential, semi-commercial, or commercial buildings.

Key Features

  • Loan Size: From £100,000 to £2.5 million, with flexibility for more complex projects.
  • Term Length: Up to 18 months, giving you time to complete works and exit.
  • Market Leading Loan-to-Value (LTV): Up to 75% of post-works value (GDV) based on a 180-day VP valuation.
  • Interest: Rolled up and paid at the end of the term—preserving your working capital.
  • Security: Requires a first legal charge on the subject property.
  • Exit Strategy: Must be clear—either via refinance or sale post-refurb.
  • Transparent Fees: Arrangement and exit fees from 1%, no early repayment penalties, no unnecessary admin charges.
  • QS Monitoring Costs: Only for complex schemes (Seneca does not add internal monitoring fees), no QS required if refurb cost is sub £50k and works are non-structural.
  • Desktop Valuations Considered: Desktop valuations also considered if works are sub £50k (property value up to £300k).
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.

How Refurbishment Loans Work with Seneca Bridging

Initial Funding

The bridging loan covers the purchase and/or refinance of the property.

Refurbishment Funds

Loan capital is also allocated for renovation, released in stages as the works progress.

Market leading LTV’S

The lender assesses both the current and projected post-refurbishment value of the property, thereby maximising the available loan.

Exit Strategy

Repayment is typically achieved through sale of the improved asset or refinancing onto a longer-term mortgage once the uplift in value is realised.

Lending Process

Initial Enquiry

Provide a brief overview of your property and refurbishment plan. Seneca responds quickly—often within hours.

Proposal & Terms

You receive a flexible offer based on the end value and scope of work.

Site Visit & Legal Work

Seneca visits the property and engages professionals to validate the deal.

Funding & Drawdowns

Funds are released either as a lump sum or in stages, depending on the project.

Completion & Exit

Once the works are finished, you repay the loan via sale or refinance. Interest and fees are settled at exit.

What does a good refurbishment loan look like?

  • The property is owned by you or your company or, where the loan is to support a purchase, the property will be owned by you or your company.
  • We provide refurbishment finance against property schemes located in England, Wales or Scotland.
  • Your experience and your professional team are key for us.
  • You have an idea of the value of the property now and the value of the property after works have been completed.
  • You are familiar with refurbishment finance and how it works.
  • We can support your purchase or refinance of your property (if you already own it) and provide a refurbishment facility covering the proposed works as part of the same loan application.
  • We consider most asset classes for the purposes of secured lending, though there are a small number of exemptions, such as land without planning permission, Nursing Homes and Operating Hotels.
  • You have a clear and viable exit strategy. If the exit strategy involves refinancing the security to a long-term lender, we’ll assess the loan in line with standard industry criteria.

Refurbishment Loan Case Studies

£162,500 Development Funding, Norwich

Funded:

£162,500

Location:

Property Type:

Residential

Funding:

Development Finance

Read article

£390,000 Bridging & Development Loan, Kidderminster

Funded:

£390,000

Location:

Property Type:

Residential

Funding:

Development Finance

Read article

Delivering a £2.1m Purchase & Development Facility in Lancashire

Funded:

£2,100,000

Location:

Property Type:

Residential

Funding:

Development Finance

Read article