Remortgage for a Home Office | Remortgage Advice in Birmingham

Remortgage for a Home Office in Birmingham

Remortgage Advice in Birmingham for Home Improvements

Remortgage For A Home Office | MoneymanTV

Since the coronavirus pandemic where we were instructed to work from, this has now become something that is permanent in many workplaces and has become a popular option. This might have been something that people never thought they would do and have preferred it when it’s been the only option for working. This has resulted in many people fully converting their kitchen, living room, or even a bedroom into a home office.

In some cases, many people were already working from home before the pandemic and some businesses have now decided for employees to from the comfort of their home, instead of commuting to the office. By doing this, many people would be saving a lot in travel expenses and saving them a lot of money.

Why remortgage for a home office?

If you are working from home on a permanent basis, it’s good to have a space in your home for when you work as a way to split up your home and working life under one roof. This is where Remortgaging in Birmingham can be beneficial for making the home improvements. Below is a few more reasons may having a home office can be beneficial:

  • Increasing homeowner productivity, and some people work a lot more efficiently when they isolate themselves.  
  • Time & money, as well as not having to beat rush hour.
  • Being in the comfort of your own home.

The Cost of an extension for a home office

In a time of brilliant technological advancements, many homeowners look at Remortgage Advice in Birmingham for additional funding to go towards home improvements to transform a room or perhaps a garage to a new home office. For example, an interest rate of 2% is doable over 25 years it might cost you:

  • £21pm for £5,000
  • £64pm for £15,000

It’s likely that there is not too much more than what you are paying at the moment and it can be a better option to decide the route of improving their home, instead of moving, which can be less stressful and less costly which are involved when buying a home.

The amount you will need to pay back per month will depend on many characters as well as the amount you can borrow overall. It all comes down to what you are looking to do and how you are going to do it, like the size of the extension. If you are looking to remortgage, you will also need to consider that you will be required to undergo another affordability assessment, regardless of whether you go to the same lender and just switch deals.

Are you looking to remortgage for a home office?

In the case where you are looking to remortgage for any home improvements, now is the best time to look for a remortgage deal and there are some top reasons to consider a remortgage. Our Mortgage Broker in Birmingham have access to thousands of remortgage deals that our Mortgage Advisors in Birmingham can search through to find you the deal that is fitting for you and your situation.

With an expert team of friendly Mortgage Advisors in Birmingham we can provide expert Remortgage Advice in Birmingham, to explore all your options and lend a helping hand to get you through the remortgage process, saving your time and money.

Free Remortgage Review

Once you get to the end of your term, your will lapse straight onto your lender’s standard variable rate of interest (SVR). This rate, when compared to your current rate, will likely be higher and increase your mortgage payments. Moreover, if you were to have a mortgage review before your fixed term ends, you could end up saving money, this highlights the importance of having your mortgage reviewed in Birmingham.

As it’s coming up to the end of your mortgage term, you should start thinking about Remortgaging in Birmingham. Getting a remortgage review booked in with a Remortgage Advisor in Birmingham could help you access a better, competitive product.


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