Large refurbishments

Transform outdated spaces into remarkable showcases with Max Property Finance’s large refurbishment finance solutions. When your property renovation project goes beyond cosmetic improvements into extensive structural work, comprehensive modernization, or complete conversions, you need specialist financing that understands the scale, complexity, and value-creation potential of major refurbishments. Max Property Finance provides the tailored funding solutions that help investors and developers unlock substantial value, dramatically increase rental yields, and prepare properties for profitable resale.

What are Large Refurbishments?

Large refurbishments represent substantial renovation projects that fundamentally transform properties through extensive work requiring significant funding and professional management. Unlike light cosmetic upgrades, large refurbishments tackled with Max Property Finance financing typically involve:

• Major structural alterations including extensions, loft conversions, or basement excavations
• Complete internal reconfiguration changing room layouts and property flow
• Full mechanical and electrical system replacements
• Comprehensive modernization bringing period properties to contemporary standards
• Change of use conversions (commercial to residential, single dwelling to HMO)
• Restoration of derelict or uninhabitable properties to livable condition
• Multiple simultaneous improvements across all property aspects

Max Property Finance specializes in providing large refurbishment finance for projects requiring £30,000 to £500,000+ in renovation costs, where the work creates substantial value increases justifying the investment and finance costs.

When Do You Need Large Refurbishment Finance from Max Property Finance?

Max Property Finance’s large refurbishment finance solutions address various high-value renovation scenarios:

Uninhabitable Property Restoration

Properties deemed uninhabitable or non-mortgageable due to severe disrepair require extensive renovation before standard mortgage lending becomes available. Max Property Finance provides the large refurbishment finance that bridges this gap, funding comprehensive restoration from unmortgageable condition to valuable asset.

Period Property Modernization

Victorian, Edwardian, and Georgian properties often require sympathetic yet extensive refurbishment to meet modern living standards while preserving character features. Max Property Finance arranges large refurbishment finance that accommodates these specialist projects requiring expert craftsmen and premium materials.

Commercial to Residential Conversions

Converting offices, shops, pubs, or industrial buildings into residential properties involves substantial structural work, planning considerations, and building regulations compliance. Max Property Finance provides large refurbishment finance specifically structured for conversion projects’ unique requirements and extended timelines.

Single Dwelling to HMO Conversions

Transforming family homes into Houses in Multiple Occupation requires extensive refurbishment including additional bathrooms, fire safety systems, sound insulation, separate utilities, and compliance upgrades. Max Property Finance arranges large refurbishment finance that recognizes the enhanced rental yields HMO conversions generate.

Derelict Property Transformation

Properties abandoned for years require complete refurbishment addressing structural issues, damp problems, roof replacements, and total interior renovation. Max Property Finance provides large refurbishment finance for these challenging but potentially highly profitable projects.

Listed Building Restoration

Grade I, II*, and II listed buildings require specialist refurbishment using appropriate materials and techniques, often at premium costs. Max Property Finance works with lenders who understand listed property restoration and provide appropriate large refurbishment finance.

Portfolio Improvement Programs

Landlords systematically upgrading multiple properties in their portfolio benefit from Max Property Finance’s large refurbishment finance structures allowing rolling improvements across estates while managing cash flow efficiently.

Development Exit Refurbishments

Properties purchased for development that prove more suitable for refurbishment can be pivoted with Max Property Finance’s flexible large refurbishment finance, avoiding sunk development costs while still creating substantial value.

Types of Large Refurbishment Projects Max Property Finance Funds

Max Property Finance provides large refurbishment finance across diverse renovation project types:

Structural Extensions and Alterations

Single and multi-story extensions, wraparound extensions, side returns, and structural wall removals creating open-plan spaces. Max Property Finance funds the substantial costs of major structural work including building regulations, structural engineers, and extended construction periods.

Loft Conversions

Converting attic spaces into additional bedrooms, bathrooms, or living areas involves significant structural work, dormers or roof alterations, staircases, and full fit-outs. Max Property Finance provides large refurbishment finance covering these value-enhancing conversions.

Basement Excavations and Conversions

Creating usable space below ground through underpinning, tanking, excavation, and fit-out represents one of the most expensive refurbishment types. Max Property Finance arranges specialist large refurbishment finance for these complex projects requiring substantial investment.

Complete Property Reconfigurations

Changing internal layouts entirely, relocating kitchens and bathrooms, creating ensuite facilities, and optimizing space usage through comprehensive reconfiguration. Max Property Finance funds these extensive interior overhauls that dramatically enhance property appeal and value.

Full Mechanical and Electrical Upgrades

Complete rewiring, new central heating systems, upgraded consumer units, smart home technology integration, and renewable energy installations. Max Property Finance provides large refurbishment finance for these essential but costly system replacements.

Comprehensive Facade and External Improvements

Rendering, cladding, window and door replacements, roof renewals, and external insulation systems. Max Property Finance recognizes that external works often cost as much as internal improvements and structures large refurbishment finance accordingly.

Fire Safety and Compliance Upgrades

For HMOs, converted flats, and commercial-to-residential projects, extensive fire safety work including fire doors, emergency lighting, alarm systems, and compartmentation. Max Property Finance arranges large refurbishment finance covering these mandatory compliance costs.

Damp-Proofing and Structural Repairs

Addressing rising damp, penetrating damp, timber decay, and structural movement through comprehensive remedial works. Max Property Finance provides large refurbishment finance for these essential but expensive foundation repairs.

How Does Large Refurbishment Finance Work with Max Property Finance?

Max Property Finance structures large refurbishment finance to support successful project delivery:

Stage 1: Project Assessment and Feasibility

Max Property Finance begins by thoroughly understanding your large refurbishment project. We review architectural plans, structural surveys, detailed cost breakdowns, and your intended use post-refurbishment. Our team assesses whether the project creates sufficient value to justify costs and whether large refurbishment finance represents the optimal funding solution.

Stage 2: Professional Valuations

RICS surveyors conduct two valuations: the property’s current value in its present condition, and the projected value after refurbishment completion (Gross Development Value). Max Property Finance uses these to determine maximum lending amounts and ensure your large refurbishment creates genuine value.

Stage 3: Finance Structuring

Max Property Finance structures your large refurbishment finance based on valuations, your experience, and project complexity. Typically, lenders provide up to 65-75% of current value plus 100% of refurbishment costs, though this varies. We create funding structures maximizing available capital while maintaining manageable loan-to-value ratios.

Stage 4: Staged or Full Release

For large refurbishments under £100,000, Max Property Finance can sometimes arrange full upfront releases. For more substantial projects, staged releases aligned with construction milestones are standard, with monitoring surveyors certifying work completion before subsequent tranches release.

Stage 5: Refurbishment Phase Support

Throughout your large refurbishment, Max Property Finance coordinates with monitoring surveyors, processes drawdown requests efficiently, and remains available for queries or issues. We understand that large refurbishments encounter challenges and provide flexible support.

Stage 6: Exit Facilitation

As your large refurbishment completes, Max Property Finance facilitates your planned exit whether selling at improved value, refinancing to buy-to-let mortgages for rental retention, or portfolio refinancing. We ensure smooth transitions from refurbishment finance to your long-term strategy.

Key Features of Max Property Finance Large Refurbishment Loans

Substantial Funding Capacity

Max Property Finance arranges large refurbishment finance from £50,000 to £5,000,000+, accommodating everything from single-property major renovations to portfolio-wide improvement programs.

Flexible Loan Terms

Recognizing that large refurbishments take longer than light renovations, Max Property Finance structures loans for 9-24 months with realistic timelines accounting for planning approvals, specialist contractors, and inevitable delays.

Staged Funding for Cash Flow Management

For substantial large refurbishments, Max Property Finance arranges staged releases aligned with construction phases, ensuring you only draw funds when needed and pay interest only on utilized capital.

100% Refurbishment Cost Coverage

When combined with adequate property equity, Max Property Finance can arrange large refurbishment finance covering 100% of your renovation budget, preserving cash reserves for contingencies and other investments.

Interest Roll-Up Options

Many large refurbishment loans from Max Property Finance offer rolled-up interest, meaning no monthly payments during renovation. All interest accumulates and repays at exit, optimizing cash flow during the refurbishment period.

Experienced Team Understanding

Max Property Finance’s team has extensive experience with large refurbishments including conversions, extensions, and substantial structural works. We understand the challenges, timelines, and costs involved, providing realistic guidance throughout.

Complex Project Capability

Listed buildings, conservation areas, complex planning situations, unusual construction types – Max Property Finance handles challenging large refurbishments that mainstream lenders decline, working with specialist lenders comfortable with complexity.

First and Second Charge Options

Whether your property is owned outright or has existing lending, Max Property Finance structures large refurbishment finance as first charges or second charges behind existing mortgages, maximizing available capital.

Understanding Large Refurbishment Finance Costs with Max Property Finance

Max Property Finance provides complete transparency on large refurbishment finance costs:

Interest Rates

Large refurbishment finance interest rates typically range from 0.65% to 1.5% per month (approximately 8-18% annually), depending on loan-to-value, property type, your experience, and project complexity. Max Property Finance negotiates competitive rates across our extensive lender panel.

Arrangement Fees

Lenders charge arrangement fees typically between 1.5-3% of the large refurbishment finance facility. For substantial loans, Max Property Finance often negotiates reduced percentage fees or capped amounts.

Valuation Fees

Professional RICS valuations for large refurbishment projects cost £400-£2,000+ depending on property value, size, and complexity. Max Property Finance coordinates efficient valuations with experienced surveyors who understand refurbishment projects.

Monitoring Surveyor Fees

For staged large refurbishment finance, independent monitoring surveyors charge £1,500-£10,000+ depending on project value, complexity, and required site visits (typically 4-8 throughout the refurbishment). Max Property Finance works with surveyors who provide fair, thorough assessments.

Legal Fees

Both borrower and lender require legal representation for large refurbishment finance. Total legal costs typically range from £1,500-£5,000+ for straightforward cases, more for complex security structures. Max Property Finance works with specialist property finance solicitors ensuring efficient legal processes.

Planning and Professional Fees

Large refurbishments often require planning applications, building regulations approval, structural engineers, and architects. Max Property Finance helps you budget realistically for these essential professional costs, typically £5,000-£30,000+ depending on project scope.

Exit Fees

Some lenders charge exit fees of 1% when large refurbishment finance is repaid. Max Property Finance clarifies all potential fees upfront, ensuring no surprises when refinancing or selling post-refurbishment.

What Makes Max Property Finance Large Refurbishment Loans Different?

Specialist Large Project Experience

Max Property Finance focuses specifically on substantial refurbishments requiring significant funding. Unlike brokers primarily handling light renovations, we understand the unique challenges of large-scale projects including extended timelines, specialist contractors, and complex planning requirements.

Extensive Specialist Lender Panel

Max Property Finance works with over 150 lenders including those specializing in large refurbishments, conversions, and unusual projects. This ensures your large refurbishment finance comes from lenders who genuinely understand what you’re undertaking.

Realistic Project Assessment

Before applying for large refurbishment finance, Max Property Finance conducts honest feasibility analysis. We assess whether your budget is realistic, timeline achievable, and projected value increase justifiable. This prevents costly mistakes and project failures.

Complex Structure Capability

Multi-property security, corporate borrowing, joint ventures, portfolio refinancing with extracted equity funding refurbishments – Max Property Finance handles sophisticated large refurbishment finance structures that other brokers find challenging.

Conversion Expertise

Commercial-to-residential conversions, HMO conversions, barn conversions, church conversions – Max Property Finance has extensive experience arranging large refurbishment finance for all conversion types, understanding the specific challenges each presents.

Listed Building Knowledge

Restoring listed buildings requires specialist knowledge and appropriate financing. Max Property Finance works with lenders comfortable with listed property refurbishments and understands the premium costs and extended timelines involved.

Ongoing Project Support

Large refurbishments invariably encounter challenges. Max Property Finance remains engaged throughout, helping navigate issues with monitoring surveyors, processing additional funding requests when scope increases, and facilitating extensions when timelines extend.

Large Refurbishment Finance Eligibility with Max Property Finance

To secure large refurbishment finance through Max Property Finance, you’ll typically need:

Property Requirements

• Clear title or existing mortgage with consent for second charge
• Sufficient current value to support required loan amount
• Realistic post-refurbishment value increase (typically 25%+ for large projects)
• Property suitable for proposed use post-refurbishment
• Planning permission for major structural works (where required)
• Building regulations approval or clear path to approval

Borrower Requirements

• Minimum 25-35% equity in the property
• Reasonable credit history (some adverse credit accepted by Max Property Finance’s lender panel)
• Clear exit strategy (sale, refinance, or retention)
• Evidence of adequate cash reserves for contingencies (typically 10-20% of refurbishment budget)
• Previous refurbishment experience or qualified project manager/contractor attached

Project Requirements

• Detailed scope of works with itemized costings
• Realistic timeline (typically 9-18 months for large refurbishments)
• Qualified contractors or builders engaged
• Professional plans for structural works (architect/structural engineer)
• Project creates meaningful value justifying costs
• Viable exit market (rental or sales demand post-refurbishment)

Max Property Finance assesses each large refurbishment comprehensively, strengthening applications and presenting projects optimally to appropriate lenders.

Common Large Refurbishment Scenarios Max Property Finance Handles

The Uninhabitable Bargain

You’ve purchased a severely dilapidated property at a discount, requiring £150,000+ in comprehensive refurbishment to make it habitable and mortgageable. Max Property Finance provides large refurbishment finance covering the extensive renovation, transforming the property from unmortgageable liability into valuable asset.

The Period Property Restoration

Your Victorian terrace requires sympathetic restoration including roof renewal, damp-proofing, rewiring, replumbing, and interior restoration preserving period features while creating modern living spaces. Max Property Finance arranges large refurbishment finance understanding these projects’ premium costs and extended timelines.

The Commercial Conversion

You’re converting a former office building or pub into residential apartments, requiring structural alterations, building regulations compliance, and comprehensive fit-outs. Max Property Finance provides large refurbishment finance specifically structured for conversion projects’ unique requirements.

The HMO Transformation

Converting a 6-bedroom house into a professional HMO requires extensive work including additional bathrooms, fire safety systems, sound insulation, and separate utilities. Max Property Finance arranges large refurbishment finance recognizing the enhanced rental yields justifying significant investment.

The Extension and Reconfiguration

Your property requires a two-story rear extension, loft conversion, and complete internal reconfiguration to maximize value. Max Property Finance provides large refurbishment finance covering the substantial structural and finishing costs involved.

The Portfolio Upgrade Program

You’re systematically upgrading 5-10 properties in your portfolio, each requiring £40,000-£80,000 in improvements. Max Property Finance structures large refurbishment finance allowing rolling improvements across your estate while managing cash flow efficiently.

The Listed Building Challenge

Your Grade II listed property requires extensive restoration using appropriate materials and specialist craftsmen, at premium costs exceeding standard refurbishment budgets. Max Property Finance works with lenders comfortable with listed buildings and the enhanced costs involved.

Exit Strategies for Large Refurbishment Finance

Max Property Finance ensures you have viable exit routes before committing to large refurbishment finance:

Sale at Improved Value

The most straightforward exit: sell the property post-refurbishment at its enhanced value. Max Property Finance helps you assess realistic sale values and timelines ensuring this exit is achievable within your loan term.

Refinancing to Standard Mortgage

Once large refurbishment completes, refinance to a traditional residential mortgage if you’re retaining as your home. Max Property Finance facilitates this transition, often achieving favorable rates based on the improved property value.

Refinancing to Buy-to-Let Mortgage

For investment properties, refinance to buy-to-let mortgages post-refurbishment. Max Property Finance ensures refurbishments create sufficient rental value to support optimal loan-to-value refinancing, often extracting most or all invested capital.

HMO Mortgage Refinancing

For HMO conversions, specialist HMO mortgages recognize the enhanced rental yields. Max Property Finance arranges refinancing that values properties appropriately for their income-generating potential.

Portfolio Refinancing

Refinance your entire portfolio including newly refurbished properties, extracting equity across all holdings. Max Property Finance structures portfolio refinancing that optimizes available capital for further investments.

Retention with Extended Finance

If sales markets are soft, extend your large refurbishment finance while renting the property, waiting for optimal sale timing. Max Property Finance arranges extensions when strategically appropriate.

Maximizing Value in Large Refurbishments

Max Property Finance helps you focus large refurbishment spending where it creates maximum value:

Structural Improvements Adding Space

Extensions, loft conversions, and basement excavations add usable space, typically returning £1.50-£2.50 for every £1 spent in high-demand areas. Max Property Finance ensures your large refurbishment finance covers these high-value improvements adequately.

Reconfiguration Optimizing Layout

Creating ensuite bathrooms, open-plan living, or better flow can add significant value without adding space. Max Property Finance recognizes that smart reconfiguration often delivers better returns than pure square footage increases.

High-Quality Kitchens and Bathrooms

These rooms disproportionately influence property values and rental appeal. Max Property Finance ensures large refurbishment budgets allocate adequate funding for premium fixtures that justify higher values.

Energy Efficiency and Sustainability

Modern insulation, efficient heating, and renewable energy increasingly influence property values and mortgageability. Max Property Finance’s large refurbishment finance covers these forward-looking improvements that protect long-term value.

Period Feature Preservation

For period properties, sympathetically restoring original features while adding modern amenities creates premium value. Max Property Finance understands that specialist work costs more but generates disproportionate returns in appropriate properties.

Frequently Asked Questions About Max Property Finance Large Refurbishment Loans

How much can I borrow for large refurbishments?

Max Property Finance typically arranges large refurbishment finance up to 70-75% of current value plus 100% of refurbishment costs. For a £200,000 property requiring £150,000 refurbishment, this could mean £140,000-£150,000 purchase lending plus £150,000 refurbishment funding.

Can Max Property Finance help with my first large refurbishment project?

Yes, though requirements are stricter for first-timers. Max Property Finance supports newcomers to large refurbishments by connecting you with appropriate lenders and ensuring you have qualified contractors, realistic budgets, and adequate contingency funds.

What if my large refurbishment costs more than budgeted?

Cost overruns are common in large refurbishments. Max Property Finance helps you build realistic budgets with 15-20% contingency from the outset. If additional funding is needed, we can sometimes arrange top-up facilities, though it’s always better to budget conservatively initially.

How long do large refurbishment projects typically take?

Most large refurbishments funded by Max Property Finance complete in 9-18 months depending on scope, though complex projects (listed buildings, conversions, extensive structural work) can extend to 24 months. We structure loan terms with realistic timelines plus contingency.

Can I live in the property during large refurbishment?

For truly large refurbishments involving major structural work, living on-site is usually impractical and unsafe. Max Property Finance helps you factor accommodation costs into your overall project budget and finance structure.

Do I need planning permission before applying for large refurbishment finance?

For major structural works, extensions, or conversions, Max Property Finance strongly recommends securing planning permission before applying. While we can sometimes arrange finance with pending applications, approval is far more certain with granted planning.

What happens if I can’t sell or refinance when the loan term ends?

Large refurbishment loans from Max Property Finance can usually be extended for additional fees. However, we always structure exit strategies conservatively, ensuring realistic timelines for sales or refinancing based on market conditions.

Why Choose Max Property Finance for Large Refurbishment Finance?

Max Property Finance has established strong credentials in large-scale refurbishment financing:

• Specialist Expertise: Deep experience with substantial refurbishments, conversions, and complex projects
• Extensive Lender Access: Over 150 lenders including large refurbishment specialists
• Realistic Assessment: Honest evaluation of budgets, timelines, and project viability
• Complex Project Capability: Handling challenging refurbishments others decline
• Substantial Funding: Arranging large refurbishment finance from £50,000 to £5,000,000+
• Conversion Experience: Extensive knowledge of all conversion types and their financing
• Ongoing Support: Active involvement throughout your refurbishment journey
• Transparent Pricing: Clear cost breakdowns with no hidden fees
• Proven Track Record: Hundreds of successful large refurbishment finance arrangements

Ready to Finance Your Large Refurbishment Project?

Large refurbishments offer exceptional opportunities to create substantial value, dramatically increase rental yields, and transform properties into premium assets. However, these ambitious projects require specialist financing that understands the scale, complexity, and extended timelines involved.

Max Property Finance provides the large refurbishment finance solutions, expert guidance, and ongoing support you need to execute major renovation projects successfully. Whether you’re restoring a period property, converting commercial space, creating an HMO, or undertaking comprehensive structural improvements, we have the expertise and lender relationships to fund your vision.

Contact Max Property Finance today for a no-obligation consultation about your large refurbishment project. Let’s discuss your renovation plans and create a tailored finance solution that ensures your large-scale refurbishment is completed efficiently and profitably.

Max Property Finance UK Ltd is an Appointed Representative of The Fiducia Network Ltd who is authorised and regulated by the Financial Conduct Authority. We are a credit broker, not a lender. We work with the whole of the lending market to find you the best large refurbishment finance solution for your project.