HTB adds heavy refurb to expanded bridging proposition

• New product: HTB launched a Heavy Refurbishment product for larger, complex projects
• Flexible funding: Offers up to 70% of property value, with costs capped at £1 million
• Enhanced service: Includes dual representation and new roles to improve service

We’ve introduced our new Heavy Refurbishment product, strengthening our specialist property finance offering. This new product comes in response to the high demand from brokers and their clients for flexible refurbishment funding solutions.

With a rate of 0.90% per month and terms up to 24 months, our Heavy Refurb product is designed for larger, more complex projects. It offers day-one lending of up to 70% of the current property value, with a maximum loan-to-GDV ratio capped at 70%, including rolled interest. Loans start from £150,000.

This product provides flexibility within a structured framework, giving brokers access to funding solutions tailored for larger refurbishment projects. The cost of the works can’t exceed £1m, including any self-funded portions or contingencies, or 70% of the current property value, with all costings independently verified by asset managers. Funding is distributed in arrears across up to five pre-agreed tranches.

The launch of the Heavy Refurb product is the latest example of us refining our already strong bridging proposition, responding to ongoing discussions with our trusted broker partners. We’ve also introduced dual representation for bridging cases, offering brokers and borrowers a more streamlined, efficient process, alongside new Business Development Executive roles to maintain the highest standards of service and provide a consistent point of contact for advisers.

Lorenzo Satchell, Sales Director of Bridging at HTB, said:

“HTB has taken the time to listen to our key partners about what they need from lenders, and it’s clear there’s a strong demand for Heavy Refurbishment funding. Landlords are increasingly looking to extend properties to generate better yields or carry out conversions on properties with permitted development in place. However, they need agile, flexible funding to make these works a reality.

Adding Heavy Refurbishment not only strengthens and enhances our current bridging offering, but it also complements what we already do across the wider HTB channels—whether it’s supporting exit strategies through our specialist mortgage team, or for those with a proven track record looking to take the next step in ground-up developments.

HTB will continue to innovate and invest in order to deliver for brokers and borrowers—we set the bar when it comes to property finance.”

Alex Upton, Managing Director, Specialist Mortgages at HTB, added:

“The launch of our Heavy Refurb product is a key part of HTB’s ongoing commitment to continually improving our bridging offering. This product not only expands our proposition but also reflects our dedication to providing brokers with flexible, adaptable solutions that fit even the most complex client requirements. Our goal is to ensure brokers always have the funding options they need, exactly when they need them. This commitment extends to providing direct access to decision-makers and supporting brokers throughout their journey with HTB.”

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