Refurbishment — pricing factors (UK)
What lenders weigh when pricing refurbishment cases — not live quotes. Use our calculators and speak to an FCA-authorised broker for firm-specific numbers.
Mortgage118 does not publish indicative rate bands. Lender pricing changes daily and depends on your profile.
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What lenders look at
These factors shape whether a refurbishment case is accepted and how it is priced. They are not a quote.
- Refurbishment experience or professional team
- Strong financial position and credit history
- Adequate deposit and working capital
- Clear project feasibility and timeline
- Professional project management
- Suitable property for refurbishment
For indicative numbers, use our mortgage calculators and compare brokers who specialise in refurbishment.
What moves your rate up or down
These are the strongest factors lenders weigh when setting pricing.
- Specialist lenders with refurbishment expertise
- Staged funding releases as work progresses
- Flexible lending criteria for renovation projects
- Professional support for refurbishment projects
- Access to competitive rates for renovation finance
Fee breakdown
Common charges to plan for alongside the headline rate.
Arrangement Fee
Facility setup fee
1.5% - 2.5%
of total facility
Valuation Fee
Site and development appraisal
£1,000 - £3,000
specialist surveyor
Legal Fees
Facility agreement and monitoring
£1,500 - £3,500
plus disbursements
Monitoring Fee
Build progress inspections
£300 - £800
per drawdown
Broker Fee
Development finance arrangement
0.75% - 1.5%
on completion
Rate FAQs
Quick answers to common pricing questions.
What deposit do I need for refurbishment finance?+
Refurbishment mortgages typically require deposits of 30-35% of the total project cost, including purchase price and refurbishment costs. The exact amount depends on the project type, your experience, and the lender's criteria.
Can I get refurbishment finance for a property I plan to live in?+
Yes, refurbishment finance is available for properties you plan to live in, though you'll need to demonstrate your intention to reside in the property and may need to provide evidence of your plans.
Can I get refurbishment finance with adverse credit?+
Some specialist lenders may consider refurbishment finance for borrowers with minor credit issues, though the criteria may be stricter. You'll typically need a larger deposit and may face higher rates.
What documents do I need for refurbishment finance?+
You'll need planning permission, building regulations approval, detailed costings, professional team details, and evidence of your deposit. The exact requirements vary by lender and project complexity.
Can I get refurbishment finance for a property that needs structural work?+
Yes, though structural work may require higher deposits and more detailed planning. You'll need to demonstrate that the structural work meets all requirements and that you have the expertise to complete the project.
Can I get refurbishment finance for a property in a different location?+
Yes, though lenders may have preferences for certain locations or property types. You'll need to demonstrate that the property is suitable for refurbishment and that you can manage the project effectively.