Did you know that home improvement mortgages can provide you a home? Yes, you can get your dream home with this kind of mortgage. You do not need to move your home and can eventually save money.
Every year, many people in Wales want to improve their existing property. With the encouragement of the DIY home improvement and television shows, more people have got self confidence and knowledge to engage in such project. Also, the increasing costs of the moving houses drive them to stay in their current home. They use their cash in improving the property instead of paying high solicitor fees and stamp duty costs.
This is the best alternative to fund your home project. However, the role of the builders comes in. But if you want to lessen the cost, you can engage through DIY ideas.
How to find the best deal?
It is easy to find the best deals by searching the Internet, comparing mortgages, offers and deals from the United Kingdom lenders. These lenders can give you mortgage quotes. They will assist you on what to do.
Moving to your property is very expensive nowadays. You need to pay estate agents, solicitors, new furnishings, and stamp duty. These lists can drain your pocket.
What is a UK Home Improvement mortgage?
This is considered as an inexpensive home improvement and is secured in the United Kingdom property. This frees you from doing any kinds of home improvements regarding your property. With this mortgage, you are allowed to borrow the amount of £3,500 – £1,000,000 with low monthly payments and payable between five to thirty five years.
If you want to increase the large amount of your money, this home improvement mortgage is ideal for you. This is also good for people with bad credit in the past, problems with unsecured mortgage, and if you have been denied for a mortgage.
With the inexpensive cost of this mortgage, the renovations of your property can be more affordable. This can as well add value to your home and can save from the moving costs.
What are the uses of UK Home Improvement Mortgage?
In fact, you can use this mortgage in whatever home project you want such as;
- Loft conversion or extension
- Bathroom and kitchen remodeling
- Home landscaping
- Buying of new furniture
- Double glazing
- Building a garage
- Home extension
- Rewiring of electricity
This mortgage can be used to repay your credit cards, car, and some debts.
Getting a second mortgage and personal nowadays from another lender is very expensive compared to getting it in advance. However, this alternative is suitable in case you cannot avail an advance mortgage.
It is important that when you buy a property, factor out the improvement costs suited for your budget. Or else, you will able to find that buying a house is affordable but the improvements are impossible to do.