---
title: "Re-mortgage for refurbishment loan"
description: "A remortgage for refurbishment allows homeowners or landlords to fund renovation works by switching to a new mortgage product and releasing equity from their property. It is a cost-effective option where the property is already mortgageable and the refurbishment is planned rather than urgent."
url: "https://mortgagelane.com/guides/refurbishment-loans/re-mortgage-for-refurbishment-loan"
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"
---

# Re-mortgage for refurbishment loan

A remortgage for refurbishment allows homeowners or landlords to fund renovation works by switching to a new mortgage product and releasing equity from their property. It is a cost-effective option where the property is already mortgageable and the refurbishment is planned rather than urgent.

A remortgage for refurbishment allows homeowners or landlords to fund renovation works by switching to a new mortgage product and releasing equity from their property. It is a cost-effective option where the property is already mortgageable and the refurbishment is planned rather than urgent.

[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

[Refurbishment finance](https://mortgagelane.com/definitions#def-refurbishment-finance)

·

[Mortgage](https://mortgagelane.com/definitions#def-mortgage)

## Re-mortgage for refurbishment loan

### Remortgaging for Refurbishment Finance

A remortgage for refurbishment allows homeowners or landlords to fund renovation works by switching to a new mortgage product and releasing equity from their property. It is a cost-effective option where the property is already mortgageable and the refurbishment is planned rather than urgent.

### How remortgaging for refurbishment works

The new lender assesses the property’s current market value. If sufficient equity exists, a lump sum can be released at completion and used to fund refurbishment works, without the need for short-term finance.

### Maximum loan-to-value (LTV) limits

Typical maximum LTVs are:

- Residential properties: up to 95% LTV, subject to affordability, credit profile, and property condition.
- Buy-to-let properties: up to 85% LTV, with affordability assessed using rental income stress testing.
- These limits can vary by lender and may be reduced where works are extensive or affect habitability.

### Key underwriting considerations

Lenders may request details of the proposed refurbishment, particularly where works materially increase the property’s size or value. Provided the property remains acceptable security at completion, remortgaging is usually lower cost than bridging or short-term finance.

### When a remortgage is suitable

Remortgaging is best suited to non-urgent refurbishment projects where timing is flexible and long-term cost efficiency is a priority. It offers predictable repayments, longer terms, and lower interest rates 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/re-mortgage-for-refurbishment-loan