All terms
finance
BRR (Buy, Refurb, Refinance)
An investor strategy: buy below market, refurbish to add value, refinance at the new higher valuation, pull out the original deposit and refurb cost.
In simple terms
Buy cheap, do it up, remortgage, pull your money back out.
Example
Buy at auction £80k → refurb £20k → revalue at £140k → refinance at 75% LTV (£105k) → cash extracted.
If you're buying
Auction is the standard hunting ground for BRR — condition-challenged stock at discounted prices.
If you're selling
Investors will value your property on post-refurb terms, not current state.