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Remortgage for Home Improvements in London

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Remortgage for Home Improvements in London

Helping you renovate your home through the power of remortgaging in London.

Speak to an Advisor - It's Free! 020 4511 4209

Remortgage for an Extension, Conversion or Other Home Improvements

A remortgage for home improvements in London allows you to borrow additional funds on your existing mortgage to finance various projects within your property, thereby increasing its value upon completion.

We see many different reasons why people choose to remortgage for home improvements in London, here are the most popular:

  • Extension or Conversion
  • Additional Bedroom(s)
  • New Kitchen or Bathroom Installation
  • Garden Enhancements
  • New Doors and Windows
  • Making a Home Gym or Office

Remortgage for Home Improvements in London

How to remortgage for home improvements in London?

Your first step is to start by gathering quotes from reliable tradespeople to determine the total expenses. For larger projects, we recommend allocating an extra 10% of the budget for unforeseen costs that may arise during the process.

The amount you can remortgage depends on your property’s current value and existing mortgage balance. Our mortgage experts are here to assist you in assessing your borrowing capability and calculating your new mortgage repayments accurately.

If you want help working out how much extra you can borrow for a remortgage for home improvements in London, simply reach out to our mortgage advisors in London and we can answer your questions during your free mortgage consultation.

Remortgage For Home Improvements Mortgage Advice in London

One advantageous option when remortgaging for home improvements in London is to make regular overpayments. This can help reduce the overall interest paid throughout the mortgage term and could potentially shorten the overall term end date.

Improving your home offers immediate benefits, and over time, these improvements can significantly increase your property’s value, making it advantageous if you decide to sell in the future.

As a mortgage broker in London, we make sure that you understand the remortgage for home improvements process before proceeding with your application. Our team of expert mortgage advisors in London has access to an extensive range of remortgage deals, allowing us to compare offers on your behalf, ultimately saving you valuable time and money.

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Remortgage for Home Improvements in London FAQs

What is remortgaging for home improvements in London?

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When considering making improvements to your home, one option to fund these projects is through a remortgage. This involves replacing your current mortgage with a new one, typically with a different lender, and borrowing additional funds to finance your renovation plans.

Imagine you currently have a mortgage with a specific lender and owe £150,000. By opting for a remortgage for home improvements in London, you could secure a larger mortgage for £180,000. This would provide you with an additional £30,000 in cash to invest in your desired home upgrades, like a new kitchen.

As a home buyer, it’s important to note that following a remortgage for home improvements in London, your monthly mortgage payments are likely to increase. This increase is a result of borrowing an extra £30,000, which incurs additional interest charges. However, in return, you have the benefit of enjoying a newly renovated kitchen that could potentially enhance the value of your property.

Taking on a remortgage for home improvements can be a strategic financial move to enhance both your living space and property value. If you are considering this option, speaking to a mortgage advisor in London can provide valuable insight into the process and help you make informed decisions tailored to your specific circumstances.

How does remortgaging for home improvements in London work?

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When planning your home improvements, it’s essential to start by getting quotes from tradespeople. Whether you’re considering a major renovation like a new kitchen or bathroom, it’s wise to add an extra 10% to your budget for unexpected expenses.

A remortgage for home improvements in London is a viable option to be able to carry out these improvements on your home. However, the amount you can borrow through a remortgage depends on factors such as your property’s current value and the outstanding balance on your existing mortgage.

Getting mortgage advice in London early on in the process can make your process run a lot more smoothly. They will guide you on the amount you could borrow for your home improvements and provide details on the impact of this on your new mortgage payments.

When you’re ready to explore remortgaging for your home improvements in London, schedule a free appointment with our team to discuss your options in detail and make informed decisions that align with your financial goals.

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

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A remortgage for home improvements in London can help you transform your home in many different ways. Some of the home improvements we see customers frequently carry out are:

  • Kitchen extensions
  • Adding an extra bedroom
  • Garden enhancements
  • Building a conservatory
  • Converting a loft
  • Creating a home office
  • Making room for a home gym/bar
  • Adding a driveway
  • Improving a garage
  • Making more general living space

With a remortgage for home improvements in London, you can create more living space in your home and likely increase its value.

We offer every customer a free remortgage review, where you get the chance to speak with one of our mortgage advisors in London and explore your remortgage options.

During this review, we will also look at the feasibility of being able to remortgage for home improvements in London based on your current mortgage and how much you have already paid off. You can book your free remortgage review online or by giving our team a call today!

Our Simple 4-Step Process

Free 30-Minute Remortgage Review

Step 1

Our straightforward process begins with a free 30-minute remortgage review.

During this appointment, our experienced mortgage advisors will assess your current mortgage, discuss your home improvement goals, and explore how remortgaging can help you achieve them.

We Can Search 1000s of Remortgage Deals

Step 2

Our team of mortgage advisors in London will conduct a thorough search through 1000s of remortgage products.

This approach ensures that the remortgage solution we recommend aligns perfectly with your financial goals and home improvement plans.

Submit Your Remortgage Application

Step 3

Once we've identified the ideal remortgage deal for you, we'll guide you through the application process.

Our team will handle the paperwork, liaise with lenders, and keep you informed every step of the way.

Protecting You and Your Mortgage

Step 4

Protecting you and your mortgage is our priority.

We offer advice on insurance products that can safeguard your investment, such as home insurance and mortgage protection policies.

Reasons to Choose Us

Free Remortgage Review in London

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We offer a free remortgage review in London to help you understand your options without any initial costs.

Our expert mortgage advisors in London will evaluate your current mortgage situation, discuss your home improvement plans, and provide tailored advice to help you achieve your goals.

Your free remortgage review will help you make sure you have all the information you need to make an informed decision about remortgaging for your home improvements in London.

Search 1000s of Remortgage Deals

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Our team has access to 1000s of remortgage deals from a wide range of lenders. We conduct an extensive search to find the most competitive rates and terms that suit your specific needs.

By comparing numerous options, we ensure you get the best possible deal, making your home improvement plans more affordable and manageable.

Our Service

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We pride ourselves on delivering exceptional service from start to finish. Our dedicated mortgage advisors provide personalised support, guiding you through every step of the remortgaging process.

From your initial remortgage review to the final approval, we handle all the details, ensuring a seamless and stress-free experience.

Our commitment to excellence ensures you receive the best advice and the most suitable remortgage solution for your needs.

7 Days a Week

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Whether you need an appointment on a weekday evening or a weekend morning, our flexible schedule accommodates your busy lifestyle.

This availability ensures you can access our expert mortgage advice in London and support at a time that is most convenient for you, making the remortgaging process as easy and accessible as possible.

Malcolm and Amy Davidson - Mortgage Advice in London

We Search 1000s of Remortgage Deals in London

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
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HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
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Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Reasons to Remortgage for Home Improvements in London

Remortgage for a new kitchen in London

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A new kitchen can transform your home, making it more functional and modern.

Remortgaging for a new kitchen in London allows you to finance this important upgrade without dipping into your savings.

Whether you’re looking to modernise your space with the latest appliances or create a more open and inviting area for family gatherings, a remortgage for home improvements in London can provide the funds needed to transform your new kitchen.

Remortgage for a new bathroom in London

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Improving your bathroom can significantly enhance the comfort and value of your home.

Remortgaging for a new bathroom in London gives you the financial flexibility to design a space that meets your needs and preferences.

A remortgage for home improvements in London can help you achieve a bathroom renovation in your home.

Remortgage for an extension in London

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An extension can provide much-needed additional space for your growing family or new lifestyle needs.

Remortgaging for an extension in London allows you to expand your living area without the financial strain of a large upfront cost.

Whether you’re adding a new bedroom, a home office, or a larger living space, a remortgage can make this substantial home improvement project more affordable and manageable.

Remortgage for home/garden alterations for disabilities and assisted living

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Making your home more accessible and comfortable for someone with a disability/for assisted living is a vital improvement.

Remortgaging for home improvements in London enables you to finance necessary adaptations, such as ramps, widened doorways, and accessible bathrooms.

Remortgage for a loft or cellar conversion in London

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Converting your loft or cellar can create valuable additional living space, whether for an extra bedroom, a home office, storage or general living space.

Remortgaging for home improvements in London provides the funds needed to transform these underutilised areas into functional and attractive parts of your home.

This investment not only increases your living space but can also add significant value to your property.

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UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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