Mortgage Matters - Raising funds for home improvements or large scale extending?
Raising funds for home improvements or large scale extending can be achieved in various ways.......
Happy New Year ! It's January and hopefully most people are emerging from the festive season with renewed vigour and optimism ?
Many will be returning to the gym, some will be attempting a 'Dry Jan', others will be renewing their search for a property or looking to improve their current home.
It won't have gone unnoticed that other than estate agents and property websites the TV is full of ads for new kitchens at the moment - cure your 'house-barrassment' we're told by one sponsor. All very seductive, but what about the funding ? As mentioned in a previous edition, lenders can also advertise themselves but they can't tell you how much they'll lend and at what cost - they're all different - they're just promoting their brand.
Raising funds for home improvements or large scale extending can be achieved in various ways - additional borrowing from current lenders, a remortgage with a new lender, or if you've run out of capacity with the High Street lenders, a Second Charge mortgage can be considered. Obviously if you have the cash then you've probably stopped reading this by now.
If you require funds to buy a property or for home improvements then this is where speaking to an independent expert broker can find you the best solution. If you'd like some advice on mortgages or if you are looking for a mortgage for your next property purchase please let us know HERE and one of the team from Stannard McMahon will be in touch.