MOVA / Refurbishment finance
From a cosmetic refresh to a conversion, explore funding around the purchase, works budget and cash you need at each stage.
Initial phone conversation at no cost · No pressure to proceed
The scope of work matters
Lenders use different definitions. A clear schedule of works is more useful than the label alone.
Usually improvements that keep the property’s structure and use broadly unchanged.
Structural work or a change that materially alters the property.
Planning a new build or substantial redevelopment?
Explore development financePlan the cash flow
A facility may fund the purchase and works differently. Confirm which costs you must meet before each release.
Allow for your contribution, purchase costs, permissions and professional fees.
Contractor payment dates may come before the next loan drawdown.
Inspections, valuation or monitoring may be required before a release.
Approved drawdowns follow the facility terms. Keep cash available between stages.
Your service from MOVA
Start with the property, scope of works, budget, available cash and plan for the finished building. You do not need a finished application to get in touch.
Steven works through the purpose, figures and practical constraints, including anything that needs attention before an application.
We help you understand the relevant funding options, costs and conditions, and identify the lender or specialist route to explore.
We set out the information needed, the proposed next steps, who will handle them and any fees before you choose to proceed.
Build a complete budget
Separate the total cost from the cash needed on day one and between drawdowns.
Include the purchase or existing debt, relevant purchase taxes, legal work, valuation and professional fees.
Allow for the costed works, relevant VAT, permissions, insurance, contingency and the effect of delays.
Include borrowing costs and the costs of selling or refinancing. Test a longer holding period or lower end value.
Use the project budget planner to organise the purchase, works, other costs and cash contribution.
Open the budget plannerThe finished property
The intended use and condition of the completed property matter to the exit.
Use realistic sale assumptions and allow for marketing, legal costs and a delayed completion. The projected value is not a guaranteed sale price.
Consider the eventual property type, rental or business income and long-term borrowing criteria. A refinance still needs lender approval.
Your questions, answered
No. The property, works, time horizon and exit determine the routes worth exploring. Some projects may fit a mortgage or another arrangement; more extensive works may need development finance.
Not necessarily. Some facilities release funds in stages and require progress checks or costs to be incurred first. Check the drawdown conditions and cash needed between releases.
Yes. Share the outline, budget and target dates you have. Steven can help identify the detail needed for the next stage.
It should reflect the scope, surveys, cost certainty and risks of your project. Discuss it with the professional team and funder rather than relying on a single percentage for every scheme.
Steven will review the outline and discuss your objectives, figures and timing with you. You will then understand the information needed, the proposed route, who will handle each stage and any fees. Sending an enquiry is not a loan application or a lending decision.
Explore another route
Your next step
Share the property, scope of work, estimated costs and your plan for sale or refinance.
Prefer to talk now? 0330 633 0379
Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. Some forms of commercial mortgage and buy-to-let mortgage are not regulated by the Financial Conduct Authority. Finance is subject to eligibility, underwriting, valuation and legal checks. Fees, charges and relevant terms will be explained before you choose to proceed.
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