Property Refurbishment Finance | Bridging & Refurbishment Mortgages
Funding options for commercial refurbishments
If you’re improving, converting or upgrading a property, you’ve probably heard of refurbishment mortgages. In reality, there isn’t a single product with that name — it’s a term used to describe short-term bridging or development finance designed to fund renovation work.
Property refurbishment finance helps you buy, improve and add value to your property before refinancing or selling — whether that’s a shop, mixed-use building or office space.
Want to discuss your refurbishment plans?
📞 Call us on 01202 985214 or request a free call-back:
Typical uses for refurbishment finance
Upgrading older commercial units or offices
Converting buildings into mixed-use (e.g. shop with flats above)
Renovating hospitality or leisure venues
Modernising industrial or warehouse spaces
Increasing property value before refinance or sale
How refurbishment finance works
Light refurbishment: covers improvements that don’t require major structural work or planning permission (e.g. refitting a shop, upgrading interiors).
Heavy refurbishment: for projects involving significant structural changes, extensions or conversions.
Bridging finance: short-term funding (typically 6–18 months) to purchase and refurbish before refinancing onto a long-term mortgage.
Refinance after works: once improvements are complete, you can switch to a standard commercial mortgage to reduce costs.
Not sure which option fits your project?
Call 01202 985214 for a no-obligation tailored advice, or request a free call-back:
What lenders look for
Lenders will assess both the viability of your project and your track record. They’ll typically consider:
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Experience: have you completed refurbishments or property projects before?
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Project plan: detailed costings, timescales, and planning permissions.
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Exit strategy: how you intend to repay the finance (sale or refinance).
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Property type & location: commercial units in strong, established areas are viewed more favourably.
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Loan-to-value (LTV): typically up to 70–75% of purchase price or completed value (GDV).
We’ll review your project and help you approach the right lenders before you start the application.
Bridging vs long-term commercial mortgages
Many refurbishment projects start with a bridging loan, since the property may not initially qualify for a traditional commercial mortgage (e.g. it’s unlettable or needs work).
Once the refurbishment is complete, and the property is generating income or ready for occupation, it can be refinanced onto a standard commercial mortgage with lower rates.
In other words: bridging finance gets you from purchase to completion, and a commercial mortgage takes you the rest of the way.
Why work with Bournemouth Mortgages?
✅ Access to both bridging lenders and long-term commercial mortgage providers
✅ Expertise in structuring deals with clear exit routes
✅ Local market knowledge across Bournemouth, Poole, Christchurch & Dorset
✅ End-to-end guidance — from short-term funding to refinance
Ready to fund your refurbishment project?
📞Call us on 01202 985214 or request a free call-back.
We’ll help you compare lenders and secure the right mix of bridging and long-term finance for your project.
