Refurbishment Calculator
Calculate your maximum bridging loan for refurbishment projects. See how much you can borrow based on purchase price, works cost, and end value.
Project Details
£
£
£
As-is value before refurbishment
£
Projected value after refurbishment
What is GDV lending?
GDV (Gross Development Value) lending allows you to borrow based on the end value after refurbishment, rather than current value. This can significantly increase your borrowing capacity.
Total Project Cost
£350,000
Potential Profit
£100,000
ROI (pre-costs)
28.6%
Lending Options
| Basis | LTV | Max Loan | Your Deposit |
|---|
Lenders Offering Works Funding
How Works Funding Works
1
Initial Drawdown
Receive funds for purchase. Works funding held in escrow.
2
Staged Releases
Request drawdowns as works progress. QS inspection may be required.
3
Completion
Final drawdown on works completion. Exit via sale or refinance.
Key Terms
QS (Quantity Surveyor):
Independent professional who inspects works progress before funds are released.
Schedule of Works:
Detailed breakdown of planned works with costs, required by most lenders.
Day 1 LTV:
Loan to value based on purchase price or current value at the start.
LTGDV:
Loan to Gross Development Value - total lending vs end value.