---
title: "Home refurbishment mortgages"
description: "Second charge mortgages allow additional borrowing without disturbing an existing mortgage, making them suitable where early repayment charges apply or the current mortgage rate is favourable."
url: "https://mortgagelane.com/guides/refurbishment-loans/home-refurbishment-mortgages"
site: "Mortgage Lane"
collection: "guides"
date: "2026-08-04"
author: "Written by an adviser at Mortgage Lane"
category: "Mortgage guide"
reviewed: "2026-10-08"
reading_time: "2 min"
byline: "Written by an adviser at Mortgage Lane"
author_credentials: "CeMAP · FCA authorised firm"
language: "en-GB"
robots: "index,follow"
---

# Home refurbishment mortgages

Second charge mortgages allow additional borrowing without disturbing an existing mortgage, making them suitable where early repayment charges apply or the current mortgage rate is favourable.

Second charge mortgages allow additional borrowing without disturbing an existing mortgage, making them suitable where early repayment charges apply or the current mortgage rate is favourable.

[Refurbishment finance](https://mortgagelane.com/definitions?term=refurbishment-finance)

Development finance

Finance for improving an existing property, from repairs and modernisation to more extensive renovation works.

[Read the full definition of Refurbishment finance](https://mortgagelane.com/definitions?term=refurbishment-finance)

Back to overview

[Refurbishment Loans](https://mortgagelane.com/short-term-finance/refurbishment-loans)

Related definitions

[Second-charge mortgage](https://mortgagelane.com/definitions#def-second-charge-mortgage)

·

[Early repayment charge (ERC)](https://mortgagelane.com/definitions#def-early-repayment-charge)

## Home refurbishment mortgages

### Home Refurbishment Mortgages

A home refurbishment mortgage allows homeowners to fund improvement or renovation works using structured mortgage finance rather than relying solely on short-term borrowing. The most suitable funding route depends on urgency, property condition, loan size, and exit strategy, particularly whether the intention is to sell, refinance, or hold long term.

### Bridging finance, up to 85% LTV

Bridging finance can be arranged at loan-to-values of up to 85%, subject to lender criteria. It is most suitable where funding is required at purchase or where the exit strategy is a sale or refinance once works are completed. Bridging is commonly used for auction purchases, chain breaks, or where a property is temporarily un-mortgageable.

### Refurbishment mortgages, up to 85% LTV

Refurbishment mortgages can also be available at up to 85% LTV, depending on the lender and scope of works. These are typically better suited to less urgent purchases or refinance-led renovations, covering light to heavy non-structural works while allowing borrowers to remain on a longer-term mortgage product from the outset.

### Further advances

Further advances allow additional borrowing from an existing lender, often at competitive rates. This option suits planned refurbishments where sufficient equity is available and no change to the main mortgage is required.

### Re-mortgaging with capital raise

Re-mortgaging enables homeowners to release equity while switching lenders. This is commonly used for larger refurbishment projects where timing is flexible and long-term cost efficiency is important.

### Second charge mortgages

Second charge mortgages allow additional borrowing without disturbing an existing mortgage, making them suitable where early repayment charges apply or the current mortgage rate is favourable.

Selecting the correct refurbishment funding depends on speed, loan-to-value, and exit strategy. Bridging finance suits urgent purchases and defined exits, while refurbishment mortgages and equity-based options up to 85% LTV are typically more appropriate for planned renovations and long-term ownership under UK lending standards.

## Talk it through with an adviser

Speak to a Mortgage Lane adviser about your circumstances and the next steps.

Published: 2026-08-04

Last reviewed: 2026-10-08

Source: https://mortgagelane.com/guides/refurbishment-loans/home-refurbishment-mortgages