Conversion is an inventive and resourceful way to enhance a property. Whether you are a homeowner looking to make more space via a loft or garage conversion, or you are an ambitious developer seeking to undertake a barn conversion or commercial-to-residential conversion, the effort is worthwhile, because it often creates a much more valuable and unique property.

Of course, conversion requires considerable initial investment, and depending on the scale of the project, the process can take quite some time to complete.

It is important to consider each separate procedure when calculating an overall budget for your project. You may be required to request planning permission from your local council and notify your neighbours, as well as purchase the property or land itself if you are not the owner already.

You will also need to factor in the costs of sourcing materials, and the various fees for tradesmen, contractors and architects. Due to the nature of most conversions, it is a sensible idea to allow a contingency fund for any unforeseen costs that may arise due to issues such as upgrading electricity, gas or water supplies, and the safety of the structure.

Commercial-to-residential conversions

The government has recently made it easier to convert commercial buildings into residential properties, by extending permitted development rights that allow developers to sidestep the usual planning processes. By side stepping the usual planning processes it means that the costs and time required to ratify the permitted development rights is far less than obtaining a full planning permission (or even outline planning permission).

However, before executing a project, developers must ensure that it does not negatively impact the environment, cause transport difficulties, or increase the risk of flooding. Noise and acoustics are now also relevant issues to be considered. You may also be required to follow strict rules regarding the exterior of the property. As such, these factors could impact the cost of the project if issues arise or specific materials are required.

Funding your conversion project

No matter how ambitious your conversion project, Affirmative can help you fund it. Whether you are a homeowner or a professional property developer, our development finance and bridging loans offer you the fast finance you need to complete your conversion.

The flexibility and quick implementation of our funding options allow your project to run smoothly from start to finish. You can borrow between £10,000 and £5 million to complete your project. Unlike bank loans which can take a lengthy time to complete, our finance can be received within a matter of days.

Apply for your conversion finance today

Apply for your conversion development loan online today, or call our Manchester office on 08000 44 84 84. Alternatively, send your query to for a quick response from one of our specialist underwriters.