Mortgage guide
Renovation Mortgages: detailed guide
Explore mortgage options for borrowers looking to purchase a property in need of renovation, a great alternative to bridging loans.
- Published
- 13 Apr 2026
- Last reviewed
- 11 Sep 2026
- Reading time
- 2 min
What is a renovation mortgage?
Renovation finance can help homeowners and investors fund work ranging from minor upgrades to major alterations. The available options depend on the property and the planned work.
Can I get a buy to renovate mortgage in the UK?
The guide compares purchase and renovation funding for buy-to-let investors and residential homeowners, with different requirements for each type of project.
Read more about Can I get a buy to renovate mortgage in the UK?
What is the maximum LTV for a renovation mortgage?
Read how the amount you can borrow depends on the renovation mortgage, property and project, including options for buy-to-let investments and your own home.
Read more about What is the maximum LTV for a renovation mortgage?
Development finance calculator
Can i use part of my mortgage loan for renovations?
Yes, if you are exploring options for a residential remortgage, you can use part of your mortgage loan for renovations.
Read more about Can i use part of my mortgage loan for renovations?
Can I get a purchase and renovation mortgage?
Read about finance that covers both buying a property and renovating it, with options for homeowners and investors.
Read more about Can I get a purchase and renovation mortgage?
Related case studies
Frequently asked questions
What is a renovation loan?
A renovation loan is a finance product used to fund property improvements. In the UK, it may be structured as a further advance, remortgage, second charge mortgage, or specialist refurbishment mortgage secured against the property.
Can I use part of my mortgage for renovations?
Yes. Homeowners can release funds for renovation either through a further advance from their existing lender or by remortgaging to a new lender at a higher amount.
How does a renovation loan work?
A renovation loan works by advancing money secured against a property to fund improvements. The lender assesses income, credit profile, and property value, and may release funds in stages. Repayments are made monthly with interest over an agreed term.
How to get a home renovation loan?
To obtain a home renovation loan in the UK, you apply either for a further advance, remortgage, secured loan, or specialist refurbishment mortgage. Lenders assess affordability, credit history, property value, and the cost and scope of works before approving funds.
Can I get a loan for house renovation?
Yes, a loan for house renovation is available from UK lenders, subject to affordability and credit checks. Larger renovation amounts are usually secured against the property, while smaller sums may be borrowed as unsecured personal loans.
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