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Remortgage for Home Improvements in Manchester

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Remortgage for Home Improvements in Manchester

Helping you renovate your home through a remortgage in Manchester.

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Remortgage for an Extension, Conversion or Other Home Improvements

As a mortgage broker in Manchester, we have helped many people remortgage for home improvements. Remortgaging allows you to borrow additional funds on your mortgage to finance a project in your home. In some circumstances, adding home improvements can help increase the value of your property.

There are various reasons why you may want to remortgage for home improvements, such as adding an extension, creating an extra bedroom, renovating the kitchen or bathroom, converting the loft, enhancing the garden, redesigning the driveway, upgrading doors and windows, building a garden room, setting up a gym, or making internal changes.

If you’re deal is coming to an end, our mortgage advisors in Manchester can assist you with mortgage options for home improvements. If you are 50 or older, you can also consider a remortgage for home improvements or alterations, including later life mortgages.

Book your free mortgage review today to speak with a mortgage advisor in Manchester to learn more about your remortgage options to fund your home improvements.

Remortgage for Home Improvements in Manchester

Mortgage Advice in Manchester to Fund Your Home Improvements

Are you considering home improvements in Manchester but worried about the cost? Our mortgage advisors in Manchester can look into your options. We can look into the maximum amount you can borrow for a mortgage and break down the costs over a longer period, making it more manageable.

Our team of experienced mortgage advisors in Manchester will guide you through the process, ensuring that you fully understand the benefits and features of a remortgage for home improvements in Manchester. We are committed to finding the best options for you, including making regular overpayments and reducing the number of years on your mortgage to minimise interest payments.

As a reputable mortgage broker in Manchester, we have access to 1000s of remortgage deals. This means we can shop around on your behalf, saving you both time and money.  If you are a landlord, we can also help you explore buy to let remortgage options.

Schedule a free remortgage review with us today to discuss your remortgage options for funding home improvements.

How to remortgage for home improvements in Manchester?

The first step is to determine the cost of your home improvements by obtaining quotes from the businesses that will be carrying out the work. For larger projects, it’s wise to factor in an additional 10% of your budget for any unexpected expenses that may arise.

The amount you can borrow will depend on the current value of your property and any existing mortgages you may have. Our knowledgeable mortgage team will assist you in working out these figures and provide you with expert mortgage advice in Manchester, advising you on your borrowing options and potential new mortgage payments.

Our mortgage advisors in Manchester are available for a free remortgage review that can be conducted over the phone or through a video call. This consultation typically takes 25 minutes and will provide you with valuable information to make informed decisions.

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Remortgage for Home Improvements FAQs in Manchester

What is remortgaging for home improvements in Manchester?

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As a mortgage broker in Manchester, our area of expertise lies in helping clients secure a remortgage to fund home improvements. This involves replacing your current mortgage with a new one, often with a different lender, and borrowing extra funds to finance your renovation projects.

For instance, if you currently have a mortgage for £150,000, you could opt for a larger mortgage with another lender for £180,000, giving you an additional £30,000 to put towards a new kitchen. While this may result in a higher monthly mortgage payment due to the added £30,000 and its corresponding interest, it also means that you now have a newly renovated kitchen that could potentially increase the value of your property.

How does remortgaging for home improvements in Manchester work?

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To begin planning for your home improvements in Manchester, it’s important to have a clear understanding of the costs involved. This can be achieved by obtaining quotes from the businesses you are looking at using for your home improvements. For larger projects, such as a new kitchen or bathroom, it’s wise to factor in an additional 10% of your budget to cover any unexpected expenses that may arise.

The amount you can borrow for home improvements through a remortgage will depend on the current value of your property and the balance of your existing mortgages. Our team of expert mortgage brokers in Manchester can assist you in determining these figures and guide the amount you can borrow and the resulting mortgage payment.

What is equity release, and how is it used for home improvements in Manchester?

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As a trusted mortgage broker in Manchester, we help in assisting clients with remortgaging for home improvements. With a focus on clients aged 55 and above, we understand the unique needs and challenges that come with seeking financing for home alterations, assisted living, or debt repayment.

One potential solution that may be suitable for you is an equity release mortgage. To learn more about how this option works and explore alternative options, please continue reading.

What types of home improvements can I finance with a remortgage in Manchester?

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There are many different types of improvements you could access by remortgaging for home improvements in Manchester. These projects often include extensions, new bedrooms, kitchen or bathroom renovations, loft conversions, garden enhancements, driveway redesigns, and the addition of garden rooms, gyms, or internal redesigns. With a remortgage, you can finance any or all of these popular home improvement projects.

Our Simple 4-Step Process

Free Remortgage Review

Step 1

Our team of mortgage advisors in Manchester will thoroughly assess your current mortgage terms, taking into consideration factors such as your interest rate, remaining balance, and repayment schedule.

This comprehensive review allows us to provide you with the most beneficial options for your remortgage needs.

Search 1000s of Remortgage Deals

Step 2

As a knowledgeable mortgage broker in Manchester, we specialise in finding the ideal remortgage options for your home improvements.

Our team will meticulously review 1000s of products to secure the most suitable deal for your unique needs.

Remortgage Application

Step 3

After accepting the offer, our team will handle the submission of your complete mortgage application and send all necessary documents to the lender.

We will keep you up-to-date with the progress of your mortgage application.

Protecting You & Your Mortgage

Step 4

We will also reach out to you when it's time to renew your remortgage in Manchester, guaranteeing that you are on the best mortgage plan and insurance options available.

We review your insurance options to make sure that you and your family are protected.

Reasons to Choose Us

Free Remortgage Review in Manchester

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Our team consists of experienced and dedicated experts who are dedicated to finding the perfect mortgage solution for each individual client.

What sets us apart is our commitment to offering a free remortgage review in Manchester and its surrounding areas.

Search 1000s of Remortgage Deals

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We are experts in securing remortgage deals for home improvements. Our extensive range of remortgage options offers unparalleled diversity, ensuring we can find the most suitable deal, tailored to your specific requirements and situation.

By taking the time to find you an excellent remortgage product, we aim secure a deal that saves you time and money.

Our Service

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We aim to deliver a fast and friendly service to take all of the stress out of the remortgage process. This is makes our service rated 5-stars by many!

Don't just take our word for it; take a look at our exceptional company reviews and see how others have valued our service.

7 Days a Week

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Our team of expert mortgage advisors in Manchester are available 7 days a week, with flexible booking options to fit your busy schedule. Whether you prefer early mornings or late evenings, we've got you covered.

Our dedicated mortgage advisors in Manchester are well-versed in all aspects of remortgaging, from releasing equity to finding the best deal for you. No matter your unique circumstances, we are here to provide guidance and support throughout the entire process.

Malcolm and Amy Davidson - Mortgage Advice in Manchester

Reasons to Remortgage for Home Improvements in Manchester

Remortgage for a New Kitchen in Manchester

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Are you considering a remortgage in Manchester to fund a new and improved kitchen? Perhaps one with a modern design and an open-plan layout, complete with a stylish island? This may also involve upgrading your units, flooring, and windows to complement the new look.

A well-designed kitchen can significantly increase the value of your home and provide your family with years of enjoyment. It comes as no surprise that a remortgage for a new kitchen in Manchester is one of the most common situations that we face.

Our team offers a free mortgage consultation to help you determine the amount you can borrow and the associated costs.

Remortgage for a New Bathroom in Manchester

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As a mortgage broker in Manchester, we specialise in assisting clients with remortgaging for home improvements, even for the addition of a new bathroom.

This is a common request, whether it’s for a main family bathroom, an ensuite, or both. Our team of experts is dedicated to guiding you through the entire process of remortgaging for home improvements in Manchester, providing valuable advice every step of the way.

Remortgage for an Extension in Manchester

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Remortgaging for an extension in Manchester is a significant decision, as it involves taking on a substantial amount of new borrowing on your mortgage. To ensure the success of your project, it is advisable to consult reputable builders for ideas and quotes.

It is also wise to allocate an additional 10% of your budget for unforeseen work that may arise during the extension process. If you have a considerable amount of equity in your home, a remortgage for home improvements in Manchester can provide the necessary funds to complete your project and increase the long-term value of your property.

Remortgage for Home / Garden Alterations for Disabilities and Assisted Living

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If you have specific goals, such as making your home and garden more accessible for wheelchairs, there are a range of options and products to explore.

These include retirement interest only mortgages and equity release mortgages, catering to clients of all ages. In some cases, a traditional remortgage for home improvements may apply here.

Remortgage for a Loft or Cellar Conversion in Manchester

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Another popular use for a remortgage is to fund a loft conversion, which can add an extra bedroom or home office to your property.

This allows you and your family to stay in your current home while also creating the much-needed space you desire. By completing a remortgage for home improvements in Manchester, you not only get to enjoy the additional space but also save on the expenses involved in moving to a new property.

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