Light Refurbishment Bridging Loans

Light refurbishment covers cosmetic or minor updates that don’t change the building’s structure — like decorating, replacing a kitchen, or laying new flooring.

Heavy refurbishment includes structural or major work, such as extensions, loft conversions, or changing the layout of the property.

Upgrades like:

• Painting
• New kitchens or bathrooms
• Flooring
• Windows and doors
• Rewiring or replumbing (no structural changes)

Usually no. Most light refurbishment jobs don’t require planning permission.

No. At Mercantile Trust, we only offer light refurbishment loans.

The amount you can borrow depends on the property's value and the lender's criteria. Typically, you can borrow up to 75% of the property's value, with a deposit requirement of at least 25%.

Bridging loans are known for their speed, with some lenders offering funds within as little as 1-2 weeks, making them ideal for time-sensitive situations.

Bridging loans are typically more expensive than mortgages due to higher interest rates and fees, as they are designed for short-term use.

Yes, although some lenders might not offer it, you might be eligible to get a bridging loan with bad credit through us.

Yes, retirees can qualify for bridging loans, provided they have a solid exit strategy (such as the sale of property or obtaining another form of financing) and sufficient assets or income to cover repayments.

An exit strategy is your planned method for repaying a bridging loan. Its main purpose is to show your lender that you have a realistic and reliable way to settle the loan. Most lenders will assess your exit strategy to ensure you have a practical and achievable plan in place. Having a clear exit strategy is important because it minimises risk for both the borrower and the lender. It gives you direction and ensures the lender has confidence in your ability to repay the loan at the end of the agreed term.