Talk to the our experts

  • Variable rates from 0.99% per month
  • Loan to value up to 75%
  • Properties in England, Scotland, Wales and Northern Ireland
  • Individuals and limited companies accepted
  • Second charge bridging loans available
  • Smaller loan amounts, from just £25,000
  • Borrow up to £500,000
  • Lower value properties, from just £75,000
  • No minimum personal income
  • First time landlord/first time buyers with no rental history (LTV restricted to 65%)
  • Non-standard construction properties

If you have had problems with credit, we may still be able to help.

Talk to the bridging loan experts

Specialist lending for your needs

Are you looking to complete renovations on your property and need access to funds fast? We can help you.

Whether you are looking at redecorating your property or adding an extension onto your home, Mercantile Trust can provide a loan for these and anything in between.

Mercantile Trust provide fast, flexible refurbishment loans that are personalised to your financial circumstances. We can offer the finance you require at a rate of 0.99% at 75% LTV.

Our friendly experts will offer advice on the best product for your financial needs.
When you apply for a refurbishment loan with us, a human, not a machine will assess your case. This doesn’t mean the process is slower, but it does mean you will get a common sense lending decision.

Call free on the number above, or enquire online. A bridging loan advisor will contact you straight away during office hours.

You could get a lending decision in just one call.

Enquiring is easy

It takes 30 seconds.

Simply fill out the form above, or call us to discuss your needs now.

Our team of experts are there for you.

You'll deal with the same experienced advisor throughout your enquiry.

We can get you the funds you need, fast.

You could get a lending decision in just one call.

Our flexible approach


We are proud to be a lender who can deliver loans at a fast approach, to consumers. We make this possible by carrying out our own legal checks, in house for loans under 100k, within hours. We can offer automated valuations, which are available to produce financial solutions in an instant.

Mercantile Trust regularly help their customers carry out renovations with heavy refurbishment loans, by providing finance fast.

No minimum income

At Mercantile Trust, we put our customers at the forefront of what we do.

We offer top slicing, where we can use your personal income when carrying out affordability calculations. If your rental income does not cover your mortgage repayments, we will top up the remaining amount that you cannot cover so you are able to get the loan you require.

No Exit Fees

We want you to be in control of your finance.
With no early repayment or exit fees, Mercantile Trust will strive to find a loan to meet your financial requirements.

Refurbishment loan criteria

We aim to help absolutely everyone, however there are certain criteria that must be met in order to make a successful application:

  • Unregulated bridging applications only
  • Rates from 0.99%
  • Up to 75% loan to value
  • Most property constructions accepted
  • No personal income requirement
  • No exit fees
  • Minimum property value £75k
  • Minimum advance £25k max £500k
  • Confirmation of exit required
  • Minimum of one buy to let or residential property required
  • Serviced and rolled interest available
  • No ERC (Early Repayment Charge)
  • First and second charge available

Frequently asked questions

A refurbishment loan is used to make renovations on property, these renovations can be referred to as ‘light’ or ‘heavy’ depending on the extent of the project. Refurbishment loans can be secured on a property; therefore, you should evaluate whether it is worth taking out a loan especially if you are unsure that you can make the repayments.

Refurbishment loans are used for renovating a property, there are differences between light refurbishment and heavy refurbishment. Heavy refurbishment includes improvements such as a loft conversion or adding an extension onto a property. Light refurbishment involves smaller improvements such as rewiring, repainting or installing a new kitchen.

How much you can borrow for a heavy refurbishment loan depends on a couple of factors.

  • Your income
  • Your credit history
  • The size of the refurbishment
  • The duration of the refurbishment

At Mercantile Trust, you can borrow up to £500,000 to help fund a heavy refurbishment project.

The main benefit of taking out a refurbishment loan is that it gives you a level of control over your property. Property renovation enables you to design the property in the ideal way for you.

Another benefit of taking out a refurbishment loan is that it gives you the opportunity to manage your costs. Renovating a cheaper property can be a cheaper alternative to purchasing a more expensive property out right.

There are a few factors to bear in mind before deciding to take out a refurbishment loan to renovate a property. It is important to decide on how you plan to repay your loan.

If you plan on the sale of your property to make these repayments, you must be confident that this will happen. Certain factors can influence how sellable a property is, such as property location. Therefore, if you are relying on this repayment method, you must be confident that this will happen before taking out a refurbishment loan.

When renovating a property, it is important to look at any additional costs that may be involved. With property refurbishment, other costs such as labour costs need to be reviewed when calculating costs of a project.

It is also important to bear in mind the importance of setting money aside in case you face unexpected cash flow problems when undertaking the project.

On the other hand, if you are looking at renovating the property you currently live in, then you might have to consider temporary accommodation. This is so whilst the work takes place, you can live elsewhere. This is more common in heavy refurbishment instances where the size of the project is large and structural changes are taking place.

Overall, it is essential to take note of the potential extra costs that you can encounter whilst taking out a refurbishment loan, as this can put you at risk of being in debt. Budgeting is essential when taking out any loan especially in projects where additional costs need to be considered.

Within 3 easy steps, your application can be processed and you can have the funds released within days.

With our automated valuation models, we can accurately estimate the value of your property at a fast rate, making us a lender that you can confidently trust to give the funding you need quickly.

Not only this, but we also offer true daily interest, meaning that we won’t overcharge you if you pay back your loan before the end of the term. For example, if you had a refurbishment loan with a 12 month term and managed to pay back the loan in 11 months, we wouldn’t charge you for the full 12 month period.

We are proud to be a lender who will find a loan tailored for you based on your financial circumstances. We aim to keep you as our number one priority throughout every stage of your journey. From when you take out a refurbishment loan to when you make your final repayment, we will support you until the end.