Renovation Finance (also known as a refurbishment mortgage, refurbishment loan or renovation mortgage) is a financial product that can be used to purchase and renovate property either to sell on or to let out.  This type of bridging finance is perfect for developers who wish to buy and develop properties that are in need of significant repair where structural changes may be needed, and where conversion or extensions are required. This type of bridging finance is short-term finance designed to bridge the gap and allow time to get more permanent funding in place, such as a standard mortgage.