Remortgage For Home Improvements

Remortgaging For a Kitchen Extension

Remortgage Advice in Manchester

Home Improvements V Moving Home

Whether it’s due to having children, moving in with a partner or just wanting more space, as a homeowner, you may get to the point where you feel you’ve outgrown the property you’re in. Alternatively you may need some repair work carrying out, like re-roofing your property and so on. These are things that we find crop up a lot when speaking to customers.

Though moving house seems like the smart thing to do on paper, it can become quite a stressful time for homeowners. Somebody has to come out and value your property, you have to get in touch with an estate agent, the property has to go on sale. Then you have people coming in and out to view it and so on, and so forth. It’s a long, gruelling cycle that many don’t enjoy.

The Costs of Home Improvements

Not only does home improvements give you a better quality property with potentially more space, but it also may save you money on various fees and can also greatly increase the value of the property for when you do wish to sell it.

Whilst it can save money, it’s worth noting that home improvements come with some significant costs of their own. These can include;

  • Planning Permission
  • VAT
  • Architects Plans/Services
  • Materials
  • Builders
  • Building Regulation Inspections
  • An Emergency Fund – Just In Case Things Don’t Go To Plan

When To Speak With a Mortgage Broker in Manchester

In order to undertake these home improvements, you may need to release equity from your property. To do this you will require a Remortgage which will enable the equity to be released from the property to put towards whatever work needs to be carried out.

You’ll need to speak with a Mortgage Broker in Manchester in order to get the ball rolling on something like this. Remortgages tend to go a lot smoother and quicker than the first time you took out a mortgage, so you’ll hopefully be enjoying a nice and easy process once you’ve been assigned your Remortgage Advisor.

Seizing The Opportunity

Right now at this time of writing, there may never have been a better time to jump into this than the present day. Interest rates are lower than they’ve been in a long time, allowing for your dream kitchen or conservatory plans to get started.

Here at Manchestermoneyman, we have Mortgage Advisors working all throughout the day to help with our customers needs. If you’re looking to Remortgage your current property for home improvements, or would like to further discuss the pros and cons of that versus moving home, get in touch and an advisor will run through all your questions.

Remortgage Advice for Home Improvements

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