Bridging

Low GDLTV

Refurbishment Bridge Calculator

Calculate light and heavy refurbishment bridging options. Model staged drawdown and GDLTV analysis.

AI-Powered

Free to use

Property Values

£Purchase Price

What you're paying for the property

£Current Value

Open market value today

£Refurbishment Cost

Total works budget

£After Refurb Value (ARV)

Expected value post-works

Loan Structure

Refurb Type

Light: up to 75% LTV | Heavy: up to 70% LTV

Drawdown Structure

How refurb funds are released

Loan Termmonths

6-24 months typical

Purchase LTV%

LTV on purchase/current value

Refurb Funding%

% of works funded (up to 100%)

Rates & Fees

Interest Rate% pm

Typical: 0.75% - 1.1% pm

Arrangement Fee%

Lender fee (1.5-2.5% typical)

Exit Fee%

Redemption fee (0-1.5%)

£Valuation Fee

RICS valuation cost

£Legal Fees

Lender's solicitor fees

Refurbishment Bridge Guide

Light Refurb

• Cosmetic works only
• No structural changes
• Up to 75% LTV
• 0.75-1.1% pm typical

Heavy Refurb

• Structural works allowed
• Extensions, conversions
• Up to 70% LTV
• 0.85-1.25% pm typical

Facility Summary

Purchase Loan

£0

75% LTV

Refurb Funding

£0

100% of works

Total Facility

£0

LTV Analysis

Day 1 LTV

0.0%

On current value

GDLTV

0.0%

Gross loan to ARV

Purchase LTV on ARV

0.0%

Day 1 loan vs ARV

Finance Costs

Monthly Interest

£0

Average monthly cost

Total Interest

£0

Over 12 months

Total Fees

£0

Gross Cost of Funds

£0

Project Returns

Equity Required

£0

Cash needed to complete

Potential Profit

£0

Return on Equity

0.0%

Profit on Cost

0.0%

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Refurbishment Bridge Analysis

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About the Refurbishment Bridge Calculator

What it does and how it helps you

The Refurbishment Bridge Calculator helps UK property investors model light and heavy refurbishment bridging finance. Calculate GDLTV (Gross Development Loan to Value), staged drawdown costs, and project returns when adding value through renovation.

Light vs heavy refurb rate comparison

Staged drawdown interest modeling

GDLTV calculations

Return on equity analysis

How It Works

Understanding the calculation method

Refurbishment bridging is specifically designed for property renovation projects. Here's how it works: Light vs Heavy Refurbishment: - Light Refurb: Cosmetic works only (decoration, kitchens, bathrooms) - up to 75% LTV - Heavy Refurb: Structural works allowed (extensions, conversions, layout changes) - up to 70% LTV Drawdown Structures: - Staged: Funds released in tranches as works complete (most common) - Upfront: All refurb funds released on Day 1 (higher interest cost) - In Arrears: Funds released after works certified (lowest interest cost) GDLTV (Gross Development Loan to Value): - This is the total facility (purchase loan + refurb funding) as a percentage of ARV (After Repair Value) - Most lenders require GDLTV under 70-75% depending on refurb type - Lower GDLTV = better rates and more attractive to lenders The calculator models your purchase loan, refurb funding, average interest cost (accounting for staged drawdown), and expected profit based on your ARV.

When to use this calculator

Use this calculator when planning property refurbishment projects that require bridging finance. Essential for understanding GDLTV, choosing the right drawdown structure, and calculating whether your ARV provides sufficient margin after all costs to make the project profitable.

Frequently Asked Questions

Common questions about this calculator

GDLTV (Gross Development Loan to Value) is the total facility including refurb funds as a percentage of the After Repair Value. For example: £150k purchase loan + £50k refurb = £200k facility on a £300k ARV = 66.7% GDLTV. Lenders use this to ensure there's sufficient equity protection if they need to complete and sell the property.

Light refurb allows cosmetic works only (no structural changes) with rates from 0.75-1.1% pm and up to 75% LTV. Heavy refurb allows structural works (extensions, conversions) but at slightly higher rates (0.85-1.25% pm) and lower LTVs (typically 70% max). Heavy refurb also requires more detailed plans and monitoring.

With staged drawdown, refurb funds are released in tranches (typically 3-4 stages) as works complete. A surveyor inspects and certifies each stage before releasing the next tranche. This reduces interest costs as you're only paying interest on funds actually drawn. Most lenders charge interest from drawdown date, not Day 1.

Yes, many refurb bridge lenders will fund up to 100% of refurbishment costs as part of the facility. However, this still needs to fit within the GDLTV limits (typically 70-75% of ARV). You'll need sufficient equity in the purchase to allow room for full refurb funding.

Aim for an ARV that's at least 125-130% of total project cost (purchase + refurb + finance costs). This provides sufficient margin for profit and refinancing. For example: £200k purchase + £50k refurb + £15k costs = £265k total. Target ARV: £330k+ (125% = £331k).

Related Property Terms

Refurbishment bridging UKGDLTV calculatorLight refurb financeHeavy refurb bridgingStaged drawdownProperty renovation financeARV lendingDevelopment bridge loanRefurb to refinanceValue-add bridging