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A remortgage for home improvements could be the solution you need.
By borrowing additional money on your mortgage, you can fund that much-needed extension, conversion, or other improvements in your home.
Not only will you get to enjoy a newly ‘refurbished’ living space, but the value of your property is also likely to increase once the project is complete.
Our team of mortgage advisors in Birmingham are here to guide you through the entire remortgage process, so why not reach out and book your free remortgage review today!
By borrowing additional funds on your mortgage, you can effectively manage the expenses of your renovations over an extended period. Consider options such as making regular overpayments and shortening the mortgage term to reduce the overall interest paid.
As a trusted mortgage broker in Birmingham, we are dedicated to ensuring that you grasp the ins and outs of a remortgage for home improvements before taking out a product.
With a vast array of remortgage deals at our disposal, our experienced mortgage advisors in Birmingham can search the market on your behalf, saving you valuable time and money in the process.
The first step is to determine the cost of your home improvements by obtaining quotes from the businesses that will be carrying out the work.
For larger projects, it’s wise to factor in an additional 10% of your budget for any unexpected expenses that may arise.
The amount you can borrow will depend on the current value of your property and any existing mortgages you may have. Our team can assist you in working out these figures and provide you with expert mortgage advice in Birmingham, advising you on your borrowing options and potential new mortgage payments.
When you opt for a remortgage for home improvements, you essentially swap your existing mortgage for a new one, usually with a different lender. This allows you to borrow extra money to finance renovations or upgrades to your home.
For instance, if you currently have a mortgage with a specific bank and owe £150,000, you could decide to remortgage with another lender for a higher amount, say £180,000. This would provide you with £30,000 in cash that you can use to revamp your kitchen or undertake any other home improvement project you desire.
It’s important to note that following a remortgage for home improvements, your monthly mortgage payments are likely to go up as you’ve borrowed an additional £30,000, accruing interest. However, the bright side is that you now have a new and improved kitchen, which could potentially boost the value of your property in the long run.
Embarking on a remortgage for home improvements not only enhances the comfort and aesthetics of your living space but also has the potential to increase the overall value of your home, making it a smart investment for the future.
One of the initial steps is to determine the estimated cost of your home improvements by obtaining quotes from trustworthy tradespeople. Particularly for significant projects like a new kitchen or bathroom, it’s wise to allocate an extra 10% of the budget to accommodate any unexpected expenses that may arise during the renovation process.
When it comes to remortgaging for funding home improvements, the amount you can borrow hinges on the current value of your property and the outstanding balance of your existing mortgages. Our team of mortgage advisors in Birmingham is well-equipped to assist you in assessing these key factors, guiding you on the maximum borrowing limit available to you and enlightening you on the implications of the new mortgage payment.
If you’re aged 55+ and above seeking funds for home improvements to your home, making alterations for assisted living, or clearing debts, a remortgage for home improvements could be a viable option. Discover the mechanics of remortgaging and explore alternative routes to cater to your financial needs.
Among the most popular home renovation endeavors are extensions, adding extra bedrooms, renovating kitchens or bathrooms, converting lofts, enhancing gardens, redesigning driveways, updating doors and windows, including garden rooms, setting up gyms, or reshaping interiors. A remortgage geared towards home improvements serves as a resource to finance one or several of the aforementioned upgrades, breathing new life into your living space. It’s a versatile financial tool that can help you turn your house into your dream home.
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The service that we received from Wayne and the team at UKMoneyMan was amazing. A straightforward and easy process. We highly recommend MoneyMan, especially to those that are first time buyers, everyone was so knowledgable and helpful. Friendly...
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Dan was very helpful and knowledgeable and dealt with our mortgage quickly and efficiently.
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Dan and Jonathan were very helpful and explained everything in detail. We were able to then make an informed decision on our lifetime mortgage.
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Dan and Jonathen explained everything in a clear and concise manner and were quick to address any concerns. All in all it has been a straightforward experience.
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Great brokers, very helpful and efficient.
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Fantastic! So quick and efficient and answered all of my questions! Jason and Jo were great, i couldn’t recommend them more! As first time buyers it was an overwhelming process but they made each step so easy! We would certainly recommend!
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Dinah and Stacey, both have been amazing dealing with my mortgage. I can’t recommend them enough, Dinah has been helpful and has gone above and beyond to get the support/advice I need. I’ve had to change my property and both Dinah and Stacey...
10 months ago
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Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
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Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
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I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
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Fantastic experience. Charlie helped me race through to secure the best mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
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Made everything very easy, we are first time buyers and they couldn't have been more helpful or informative. They didn't make us feel like we were stupid for not know anything about buying a house and talked us through the entire process. They even...
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As a mortgage broker in Birmingham, our team of experts thoroughly evaluate your situation and gather vital details regarding your earnings and outgoings.
We understand the importance of these factors when considering a remortgage for home improvements in Birmingham, ensuring that the process is tailored to your specific needs and circumstances.
Our mortgage advisors in Birmingham are dedicated to helping you find the perfect remortgage solution tailored specifically for your home improvement needs.
With access to a wide range of remortgage products, we will carefully tailor and compare options to secure the most suitable deal that aligns with your financial goals and preferences.
After accepting the offer, our dedicated team will swiftly proceed to submit your complete mortgage application and send all necessary supporting documents to the lender.
We handle the paperwork diligently to ensure a smooth and efficient process for your remortgage for home improvements.
We aim to keep you informed when it comes to remortgaging for home improvements in Birmingham.
When the time for your next remortgage renewal approaches, we’ll be proactive in reaching out to you to ensure you’re secured with the most fitting deal for your needs.
Reach out to us today to book a free remortgage review with team of trusted mortgage advisors in Birmingham.
We are eager to address all your queries and kickstart your remortgage journey in Birmingham.
When it comes to remortgaging for home improvements, we offer a diverse selection of options, such as equity release or locating a more favourable deal.
Our reliable mortgage advisors in Birmingham are here to walk you through the entire process, ensuring you have all the information needed to make a well-informed decision about your remortgage.
Our dedicated team is passionate about offering prompt and personable mortgage guidance in Birmingham, dedicated to assisting you in attaining your property aspirations.
Our amazing reviews serve as a testament to our expertise – feel free to browse through our reviews to see how we have helped customers just like you!
We work 7 days a week so that you can get in touch with a member of our team at a time that best suits you!
Simply book online or give our team a call to get your process started.
A well-designed kitchen can significantly increase the value of your home and provide your family with years of enjoyment.
It comes as no surprise that a remortgage for a new kitchen in Birmingham is one of the most common situations that we face.
One common inquiry we receive is regarding remortgaging for the purpose of upgrading a bathroom. This could involve renovating the main family bathroom, adding an ensuite, or even refurbishing both.
Our team of mortgage advisors in Birmingham is dedicated to assisting you every step of the way during your remortgage for home improvements journey.
If you have built up a considerable amount of equity in your property, opting for a remortgage for home improvements could be a strategic move to finance your home extension.
This not only allows you to enhance your living space but also adds long-term value to your property.
Many homeowners consider remortgaging to fund home and garden renovations, aiming to enhance accessibility, like making their property wheelchair-friendly.
This investment ensures that your home remains accessible and comfortable, allowing you to live in a space tailored to your needs.
When considering a remortgage for a loft conversion, you have the opportunity to enhance your property by adding an extra bedroom or a home office.
This can provide the much-needed space for you and your family to comfortably continue living in your current home.
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Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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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Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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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