Big plans for your home in the next year? You might wonder what the best way to finance that home extension is. If savings cannot cover the entire budget for your home renovation or extension, you might consider borrowing more money on your remortgage. Releasing equity from your property may be an option to consider as funding source on a significant renovation or extension to your home.
Most of the times this option makes more financial sense as mortgage rates are generally lower than interest rates on personal loans. You might also afford to borrow a larger sum of money from your home equity fund than personal loans generally offer. However, your overall mortgage value will increase so you have to remember if you start having difficulties with payments, your home may be repossessed.
Here is how our friendly and experienced team at The Mortgage Hub can take quick steps to help you release that important capital and make your dreams of a bigger and more functional home come true:
Build your mortgage profile
When we start working with you, we will carry out a confidential conversation with you about your finances and goals. We will then look at the products offered and recommend mortgages suitable and affordable for you.
The Mortgage Hub we are independent financial advisors which means we can offer advice on the full range of mortgages available on the market.
Make your decision with confidence
The right product for you: the mortgage market is flooded with products and sometimes that makes it hard to make a decision with the confidence that you have considered all pros and cons. With The Mortgage Hub team on your side, you will make an informed decision, using all our expertise and skills.
A wider range of products – we will offer you information and access to a much wider range of products than you would realistically be able to evaluate on your own. Our time and knowledge will work so you don’t have to.
The Mortgage Hub is an independent mortgage advisor serving the greater Glasgow area. Whether you are planning to buy your very first home and need the right first time buyer mortgage, or are looking to re-mortgage due to a house move or to growing family – we understand your journey is so much more than a financial process, it’s a journey to achieve your dreams, improve your lifestyle and achieve your true potential.