Remortgages To Help Improve Your Home

Are you planning a loft conversion or a conservatory addition? A remortgage can help to finance your plans.

One of the results of the rise in property prices over the past few years has been that homeowners have chosen to expand and improve their homes rather than move to a new property. Extensions and conversions can be extremely expensive, and you will need to raise the cash to pay for the alterations. In many cases, this can be done easily by getting a remortgage.

Finding the right remortgage product

A remortgage is where you move the debt you have in your property from one lender to another. For many people, remortgaging not only gives you the cash you need, but also makes you financially better off. You may be able to remortgage to a better interest rate and, because you will have paid off a percentage of your mortgage already, the additional money you need for your home improvements won’t make too much of a difference to your total mortgage amount. This will give you the money you need for:

• Loft conversion
• Cellar conversion
• General extension
• Conservatory
• Garden landscaping

Getting the right advice

If you’re planning to improve your home, take some advice before you remortgage. There are thousands of products on the market, and you want to be sure that you are getting the one that’s best for your needs. A good adviser will look at your financial circumstances, and find out about your plans for improvement, so that they know how much you need to remortgage for – including a contingency in case your work costs more than you expect it to. They will then be able to recommend a mortgage product that gives you exactly what you’re looking for.

If you are looking for remortgages, let the experts save you time and money by finding the right product for you. Homebank has only the best mortgage consultants ready to advise you on all your mortgage and insurance needs. For useful remortgage advice, call us to arrange a no obligation appointment to suit you. Homebank is the ‘people’s mortgage broker’ with over 3500 mortgage products to choose from, including products that are not readily available on the High Street. Homebank’s experienced consultants could find the ideal product for you – call us now on free phone 0800 052 3604 or enquire online.