Home Renovation Finance
79% of homeowners pay for their home renovation by remortgaging
But did you know that most homeowners pay for their home renovation by mortgaging?
It makes sense. House prices are going up and up and the cost of money is coming down and down. If you have been living in your home for even a few months, the chances are that you have loads of equity building up, doing absolutely nothing.
It is a very competitive home renovation remortgage market with rates below 1% in cases. As a result, banks are desperate to lend to the right customers at the moment “after all it’s how they make money”!
Infact, We get asked all the time if we know a specialist for their home renovation remortgage. The answer is yes. In fact 1 in 5 of all our clients use our specialist partners to release equity in order to pay for their home renovation.
Knowing that you are using architecture 100 to draw up your plans helps them to find the best deal out there, because lender want to know you’ve hired professional Architects to draw up professional plans.
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