Improving your current home
With the current uncertainties in the housing market and the rising costs of moving house, many people are improving or extending their existing homes rather than face the costs of moving to a new home. Home improvement is a great way of improving your surroundings without the added financial burden of stamp duty and removal costs. A home improvement project could involve anything from installing a new kitchen or bathroom or completely re-wiring and re-decorating your home.
The way in which you choose to fund this type of project will vary according to your particular circumstances and that is why it is so important to speak to a qualified advisor as soon as possible to explore all of the options.
At BuildStore we have access to the whole mortgage market so we can establish what your needs are and then recommend the most appropriate solution.
One way is to raise the money required by remortgaging your current house or getting a further advance from your current lender but if this cannot raise sufficient capital then there is a potential solution – BuildStore’s unique ideal Home Improvement Mortgage.
A remortgage to the ideal Home Improvement Mortgage (iHIM) will allow you to borrow up to 95% of the current value of your home plus up to 95% of the cost of the improvement work. This can give you the money you need to make the project happen. The project is broken down into a series of stages and money is released to you at the start of each stage before work commences. This ensures you always have the money you need to keep the project moving.
With so many finance options it is important to speak to one of our advisers as soon as possible to identify the right type of finance for your project. Call us on 0345 223 4888 or request a call back online.
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