Remortgaging for home improvements.

Your new mortgage begins here.

Dreaming of the perfect extension? A new loft conversion? Much needed repairs and renovations? Remortgaging your property can be a useful way to make your ideal home a reality.

Start your remortgage application today. We can help you free up capital on your mortgage.

Ready for a refresh?

Making your home improvements a reality.

Turn plans into possibilities! We can help get your renovations in motion. Speak to us to find out how we can help you remortgage.

The Mortgage Heroes are expert mortgage brokers, specialising in remortgaging for renovations.

Call 01275 405 050 today or complete your details online to speak to a hero!

Your home may be repossessed if you do not keep up repayments on your mortgage.

It’s remortgage time!

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Our heroes are ready.

We specialise in helping people with home improvement remortgages.

Get in touch

Our heroes are ready, day or night. Whether you’re looking to remortgage to borrow more for renovations, or release equity for a new extension, we can help and guide you through the process. We aim to get things moving within a few hours!

Find the right mortgage

Regardless of your circumstances, we’ll research the market to find the most suitable mortgage for you. We will talk you through the process and let you know what things cost, what we need from you, and get your remortgage application in process. We do the legwork!

Job done. Hurray!

From application, to approved! Once we have everything in place, we will guide you through to the finish line. We’ll guide you through the entire process, ensuring you get the right remortgage for your needs, making your home renovations a reality.

Dreaming of a home transformation?

Let’s make your home improvements a reality!

Remortgaging for either renovations or home improvements can be done in two ways: either through remortgaging with a new lender to free up additional borrowing, or staying with your current lender and borrowing more.

Perhaps you’re considering a new bathroom or an extension? You know the cost of the planned home improvements, and through remortgaging with a new lender, you can borrow additional funds on top of the value of your home. Your new mortgage will be the property value, plus the required value for the property improvements.

Alternatively we may be able to negotiate with your current lender to agree additional money borrowed on top of your existing mortgage. This can depend on how much your property may have changed in value, or how much of the mortgage you have already paid off.

Types of renovations possible with a home renovation remortgage include:

  • Loft extensions
  • Modernisation and renovation
  • Repairs e.g. new windows
  • New bathroom or kitchen
  • Other property extensions
  • Interior design e.g. new flooring
  • Landscaping or a new driveway

Looking to borrow extra on your mortgage for home improvements? Speak to us.

Can I remortgage for home improvements?

Remortgaging for house renovations is possible as long as you have the correct proportion of loan-to-value (LTV) and equity held in the property to release additional funds, the property changes require planning permission, and whether you hold other outstanding debt.

Some mortgage lenders will require a minimum LTV to proceed with your application, and a standard level of credit score. Once we have a good understanding of your financial situation, we can advise the most suitable options available to you.

Call 01275 405 050 today or submit your details to speak to a hero about remortgaging to release equity. We can also call you back at a time that suits you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Key things to consider

The amount of equity and loan-to-value (LTV) of your property

Some lenders impose a loan-to-value cap for home improvement remortgages. There are a number who set the limit at 75%, a few 80-85% and others who offer 90% and up. As whole-of-market mortgage brokers, we can research the market to find the most suitable mortgage offer for you.

The cost of proposed renovations

It’s worth obtaining a few quotes from different supplies or builders to ascertain the cost of the repairs or improvements you want to carry out. Once you have a good understanding of the total cost of the work, we can help negotiate additional borrowing on your mortgage.

Verifying if planning permission is required

Planning permission isn’t usually needed for an extension or renovation (most extensions are classed as permitted developments) however it’s worth noting that building regulations approval is generally necessary for most extensions. It is also advisable to consult with your local council to address any specific considerations that could be specific to your location.

Debt or credit file report

For a remortgage a credit file is a required aspect. Having bad credit doesn’t always affect your application, and it is now possible to borrow up to 90% loan to value, or even more, with some bad credit mortgage lenders. Your choice of remortgage rates and deals will likely depend on the type of issues on your record and how long ago they happened, as well as the reason for your credit. Once we have discussed and understood your situation, we’ll be able to find the most suitable lender and help you create the home of your dreams.

Making plans possible

Start your application with us today!

We’ll just need to know:

  • Outstanding mortgage balance
  • Estimated cost of proposed renovations
  • Value of the property

Once we have a good understanding of your situation, we can find the most suitable remortgage deal for you.

Heroes for remortgaging now.

And in the future.

Our experienced team at The Mortgage Heroes are passionate about ensuring our clients succeed in getting the most suitable mortgage for them, assisting with remortgaging for home improvements now and in any future applications. We will be in touch once your mortgage is coming to an end and look at the options available to you.

How did the heroes help you?

The Mortgage Heroes have arranged a new mortgage for us in the past, and more recently has helped us to remortgage. The service we have received has always been fantastic, we have been kept informed through each stage of the process and the team at The Mortgage Heroes always take the time to explain everything to us in detail. Will always use for future remortgages. Thank you!

Have you seen the outcome you were hoping for?

Yes. The Mortgage Heroes kept me fully updated throughout the entire process and managed my expectations perfectly.

Frequently Asked Questions

Things you should know about remortgaging for house renovations.

Yes, it’s possible to remortgage to release equity even if you’ve been declined a mortgage elsewhere. Remortgaging for equity release involves a different set of criteria, focusing on the existing equity in your property. Speak to us to discuss your situation, as different lenders have varying criteria. We can help you explore options tailored to your circumstances.

process and eligibility criteria may differ compared to remortgaging a primary residence. Lenders typically assess factors such as rental income, property value, and your financial situation.

Absolutely! If you own your house outright, you can still apply for a remortgage to release funds for home improvements. Whether you own all or part of your property in equity, this process allows you to leverage the value of your property to finance renovations or other enhancements.

Seeking professional advice is crucial and that’s where we come in! The Mortgage Heroes are here to help. Call us today and we’ll start working on your remortgage application and make your dream home a reality.

It’s worth factoring in a contingency budget when costing out potential building fees, as often proposed work can run over budget. It’s also worth bearing in mind the potential property value after the work is complete, to ensure that you’re not over-spending on your home’s value. Our team of mortgage heroes can discuss this with you once we have a better idea of your home improvement plans and current financial situation.

If your property has sufficient equity, adequate LTV and you quality for a remortgage, borrowing extra for home improvements could be a viable option for you.

The amount of equity and potential property value increase can make mortgage refinancing a good choice. Speak to us and we can help you decide if remortgaging is the most suitable option for your plans.

Get in touch

We can help you find a mortgage. Contact a mortgage hero today.

01275 405 050
hero@themortgageheroes.co.uk

Heroes available 7 days a week!