Remortgage For Home Improvements

Our Remortgage Service - Raising Capital For Home Improvements

Special features of what we offer include:

• Whole of market service - we work with over 60 UK Home lenders

• Access to leading market mortgage rates

• Access to exclusive loan deals not available on high street

• Fast turnaround - speak to us today if you need to move quickly

To investigate your mortgage options call our mortgage team on 0117 403 4474 or fill in our call back form.

Remortgage for home improvements

Carrying out home improvements has numerous potential benefits including increasing the value of your home and possibly your share of its equity. You may therefore be considering remortgaging for home improvements. 

By taking out a mortgage for a larger portion of the property’s equity than your existing one, you can use the additional capital generated from refinancing to pay for various home improvements once you have repaid your current home finance.

Before you refinance your home it is wise to decide exactly what improvements you wish to carry out in your home, and to get estimates of how much they will cost to carry out along with any; planning permission, buildings inspections and architects costs will be depending on the extent of your plans, you may also want to get estimates of how much these improvements could increase the value of the property by.

Also consider any potential hold backs as you do not wish to run out of capital halfway through your renovations possibly causing you to fall into negative equity.

Before remortgaging

Shopping around can be wise, by comparing the market you can try to find the right finance option for your personal circumstances. You may benefit from speaking to an independent mortgage adviser, which offers a whole of market service; this means that they can use their professional knowledge of the interest to search across multiple providers on your behalf, as well as being able to offer you with impartial advice. There are also certain mortgages which can only be accessed via intermediaries, one of which might present the best choice for you.

Fair Mortgages

To find out if Fair Mortgages could help you, why not fill in our online contact form to request a free initial consultation? Or you can call us directly on: 0117 403 4474

Second charge mortgages / Homeowner loans

It’s possible to take out a homeowner loan or ‘second charge’ mortgage secured on any of the equity you own within your property, without having to remortgage. So for example if your home is worth £250,000 and you have £100,000 left to pay on your mortgage you could potentially take out a homeowner loan secured against some of the £150,000 equity you own.

These types of loans tend to have higher interest rates but could potentially work out cheaper if your existing mortgage has high early repayment fees.