Use case
Heavy Refurbishment
Structural property works requiring building regulations or planning approval — including extensions, conversions, and change of use. Funded under specialist refurbishment-bridging products.
Heavy refurbishment covers loft conversions, rear extensions, full HMO conversions, change-of-use (commercial-to-residential PD rights), and structural rebuilds. The defining feature is that building regulations approval, planning consent, or both are required.
Heavy-refurb products price by LTGDV (loan to gross development value) rather than current LTV, because the loan is being secured partly against the post-works value. LendInvest's Refurbishment GDV product offers up to 70% LTGDV with 100% of works funded across drawdowns.
Aspen Bridging sit at the higher-LTV end with up to 80% on heavy refurb (subject to property type). MT Finance and Roma both offer heavy-refurb products at lower maximum loan sizes (£500k and £3m respectively).