You may eventually feel like you’ve outgrown the property you’re in, whether it’s due to having children, moving in with a partner or just wanting more space. You may also need some repair work carrying out, for example, re-roofing your property. These are things that we find customers are looking at doing.
Though moving home seems like the right choice, it can become a rather mentally challenging process for homeowners. Somebody has to come and value your property, you have to contact with the estate agent, the property has to go on sale. Following that you’ll have people coming in and out to view your home etc. It’s a long and stressful cycle that many aren’t fond of.
Not only do home improvements give you a better quality property with the option of more space, but there’s a chance you may save money on various fees and can also greatly increase the value of the property for when you do decide it’s time to sell up.
Whilst it can save money, it’s worth remembering that home improvements come with their own costs. These can include;
In order to progress forward with any home improvements, you may need to release equity from your home. To do this you will need to take out a Remortgage which will enable the equity to be released from the property to put towards the plans you wish to put in place.
You’ll need to speak with a Mortgage Broker in Newcastle in order to get this going. Remortgages tend to go a lot smoother and quicker than the first time around, so you’ll hopefully be enjoying a nice and easy process once you’ve been assigned your dedicated and experienced Remortgage Advisor.
At this time of writing, right now may be the best time to jump into this. Interest rates are incredibly low, allowing for your dream kitchen or conservatory plans to be underway.
We have Mortgage Advisors with many years of experience working all throughout the day to answer our customers’ enquiries. 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 any of your questions.