HTB strengthens heavy refurbishment proposition with enhanced flexibility
We've made some key improvements to our heavy refurbishment bridging proposition, giving brokers more flexibility to handle complex cases with confidence.
- Increased maximum Day 1 loan-to-value (LTV) from 70% to 75%.
- Funding refurbishment costs up to 100% of Day 1 value for certain cases.
- No exit fees and direct access to underwriters.
Starting now, we’ve increased the maximum Day 1 loan-to-value (LTV) from 70% to 75%, aligning heavy refurbishment with our standard bridging range. Plus, for cases where the loan-to-gross-development-value (LTGDV) is 65% or below, we can now cover refurbishment costs up to 100% of the property’s Day 1 value. These updates let brokers structure ambitious projects, especially when clients are converting, extending, or repositioning property, and do so confidently.
Our product still offers staged drawdowns in arrears, milestone verification by an Asset Manager, and no exit fees. Brokers get direct access to underwriters and a lending model focused on speed, clarity, and specialist support throughout the deal.
Andrea Glasgow, Sales Director – Specialist Mortgages & Bridging, said:
Brokers are telling us they need more flexible funding options, especially when their clients are taking on more ambitious refurbishment projects. These updates give them exactly that without losing the control and structure HTB is known for. We’ve deliberately built this product to support complex property strategies, from permitted development and commercial-to-residential conversions to heavy internal reconfiguration. It’s a product that gives brokers options and gives their clients the confidence to push ahead.
Alex Upton, Managing Director – Specialist Mortgages & Bridging, added:
HTB’s strength in refurbishment lending lies in our ability to back the right deals with speed and certainty. We understand the complexities of these projects, we know how to structure the right solution, and brokers trust us to deliver. These enhancements reflect our confidence in the product and our belief in the specialist lending market. As refurbishment continues to play a key role in investors’ long-term strategies, particularly as projects become more complex and varied, we remain focused on supporting brokers with consistent decision-making and solutions that go beyond the basics.
These enhancements are now live and available across England and Wales. Brokers should speak to their HTB sales contact to find out more or discuss a case.
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