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Should I Move or Renovate? You might assume that moving house is your best or only option, but you might be surprised by just how renovations can transform your current home.
The mortgage advisor will have access to a much wider range of deals, some of which aren’t available on the high street and if your equity has actually risen, you might be eligible for better offers that the mortgage advisor can alert you to.
The amount of unpaid debt on credit cards or loans is also something to consider.
Should I Move or Renovate? You might assume that moving house is your best or only option, but you might be surprised by just how renovations can transform your current home.
The lender will inform you whether a remortgage is possible. For most people, renovating their current homes is seem as a less expensive and time-consuming option than moving.
While some lenders are more likely to lend than others, this primarily depends on your personal situation and income.
Equity. The amount of equity in your home will depend on the length of time you have owned it. If you have owned the property for a while, you should have some equity, especially if property values in your area have increased. You will have much more equity to deal with as a result of this.
They want to ensure that you get the remortgage that’s ideal for you and your situation.
