Roma Finance has launched a new Refurb Buy-to-Let (Refurb BTL) product, designed to support landlords and property investors undertaking light refurbishment projects where the long-term strategy is to retain and let the property on a standard buy-to-let basis.
The new product responds to growing demand from landlords pursuing refurb-to-let strategies, such as BRR and BRRR, as they look to improve asset quality, rental performance and long-term portfolio resilience. Across England, Wales and Scotland, many opportunities continue to be found in properties requiring modest refurbishment prior to letting, rather than large-scale development.
Traditionally, these projects have required a two-stage funding approach, with investors using a bridging loan to acquire and refurbish, followed by a separate refinance onto a buy-to-let mortgage. Refurb BTL combines both stages into a single funding solution, reducing complexity, lowering costs and providing greater certainty from the outset.
The launch sits alongside Roma’s established bridging and development finance offering, providing brokers and landlords with a wider range of funding options depending on the needs and structure of each project.
Michael Allison, Commercial Director at Roma Finance, said: “We are seeing more landlords focus on adding value through refurbishment rather than pursuing large-scale development. The challenge has often been finding a funding structure that properly supports this type of strategy. Refurb Buy-to-Let gives greater assurance from day one, aligning the finance with the customer’s long-term plans.”
Refurb BTL is aimed at projects where refurbishment costs represent up to 25 per cent of the day one property value. By funding both the purchase and works under one facility, the product helps reduce exposure to valuation risk and avoids the potential shortfall that can arise when refinancing onto a separate lender.
Michael Allison added: “For many property entrepreneurs, building a resilient and sustainable portfolio is the priority. By removing the need to refinance onto another product, landlords have a clearer view of their end position and reduced exposure to changing market conditions.”
The product forms part of Roma Finance’s PRO range and is delivered through the lender’s FLOW process, reflecting its focus on consistency, clarity and reliability. Loan sizes range from £75,000 to £500,000, with a minimum property value of £100,000 and terms of 36 months. Refurb BTL is available across England, Wales and Scotland, with all borrower entities considered.
The launch reflects wider trends in the private rented sector, where improving the quality and performance of existing housing stock remains a key focus. Light refurbishment enables landlords to meet tenant expectations, manage ongoing costs and future-proof assets, while funding solutions that simplify delivery are becoming increasingly important.
