It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Securing a remortgage to finance home enhancements allows you to obtain extra funds through your mortgage to support a home renovation project. Upon completion of the enhancements, the value of your property is likely to increase.
Home owners commonly opt to remortgage for home improvements in Hull for reasons such as building an extension, adding a bedroom, installing a new kitchen or bathroom, converting a loft, enhancing the garden, redesigning a driveway, replacing doors and windows, constructing a garden room, setting up a gym or reconfiguring the interior layout.
Speaking with a mortgage broker in Hull is available for individuals of all ages, including those aged 50+ who are seeking a remortgage for home enhancements or modifications. Further information on mortgage options for those over 50, including equity release, can be found here.
Obtaining additional funds through your mortgage for home renovations allows you to extend the cost of your project over a longer period.
Various options exist, such as consistent overpayments and reducing the loan term, which can aid in decreasing the total interest paid throughout the life of the mortgage.
As a trusted mortgage broker, our responsibility is to ensure you comprehend the advantages and features of refinancing for home improvements prior to submission.
Our team of mortgage advisors in Hull can access a vast array of over 10,000 refinancing deals, enabling us to find the best option for you while saving you time and money.
Book your complimentary, no-commitment consultation today to explore your refinancing options for home renovations. Landlords interested in buy to let refinancing options may also find this service beneficial.
Firstly, it’s essential to determine the cost of your house upgrades by obtaining estimates from trustworthy contractors.
For larger projects, your contractor will often recommend adding an additional 10% to their estimate for unforeseen tasks that may arise during the process.
Next, the sum you can borrow is based on your property’s current worth and any outstanding mortgage balances. Our lending team is here to assist with these calculations and will inform you of the maximum amount you can borrow and your new mortgage payment.
A conversation with our team can be conducted over the phone or through video call. It’s a free, no-obligation consultation!
If you’re considering remortgage advice in Hull for home improvements in the coming months and want to explore your options, you can schedule this online now by clicking the button below.
When you remortgage your mortgage, you obtain a new one, often from a different lender, and secure extra funds to put towards renovations in your home. As an illustration, suppose you have a mortgage with Santander for £150,000. You could switch to a larger mortgage with Nationwide for £180,000. This would provide you with £30,000 in cash to invest in a new kitchen renovation. After refinancing for home improvements, your mortgage payment will likely go up since you’ve taken on an extra £30,000 in debt, along with its interest. However, the upside is you now have a newly updated kitchen, which may have also boosted the value of your property.
A good place to start is by determining the cost of your home renovations by obtaining estimates from reliable contractors.
If your renovation project is substantial, such as a new kitchen or bathroom, your contractor may suggest adding an extra 10% to your budget on top of their estimate to account for unexpected work.
The amount you can borrow for home improvements through remortgaging will be based on your property’s current value and the remaining balance on your existing mortgages.
Our team of mortgage brokers can assist you with these calculations and provide guidance on how much you can borrow and what your new mortgage payment will be.
For older customers (aged 55+) seeking funds for home upgrades, modifications for assisted living, or debt repayment, an equity release mortgage may be appropriate. Learn more about how equity release works and other later life mortgage options, to see what’s available to you.
Extensions, additional bedrooms, new kitchens or bathrooms, loft conversions, garden upgrades, driveway renovations, door and window replacements, garden room additions, gyms, and internal redesigns are among the most popular home renovation projects.
Our Customers Love Us
4.98 Rating708 Reviews
Kathleen
Always very helpful and efficient.Helpted me get the best deals everytime.Would highly recommend to all
1 week ago
Katie
I cannot recommend Matt and his colleague, Jo enough for their work and expertise in handling my mortgage. They listen to your requirements and genuinely want to help. The service i received was excellent, efficient and professional all the way...
2 weeks ago
Charlotte
Absolutely amazing, could not recommend them highly enough! Leo and Kerry are a credit to UK Moneyman and have been nothing but kind and helpful. Will be using again and recommend them to everyone I meet!
2 weeks ago
Oladipo
Great team. Charlie also did an amazing job in making sure the process was smooth.
3 weeks ago
Anonymous
Very good company, they assisted all the way from inception to completion of my new home.
1 month ago
Matthew
Have used Moneyman previously and was happy with the service, same again this time very happy with the service again.
1 month ago
Molly
Amazing service from start to finish - 100% recommend!
1 month ago
Gemma
Jo was super efficient and friendly. We got our mortgage locked in within a week of applying. Excellent service, couldn’t recommend the team at Hull Moneyman enough, worth every penny!
1 month ago
Mark
Bank was a pain but they did battle and won
1 month ago
Patrycja
Helpufull and responsive
1 month ago
Chris
Very helpful and honest throughout the whole process. open and prompt communication at all times. would highly recommend
2 months ago
Jake
Fantastic service very quick and efficient, information provided explaining all services clearly, excellent pricing and most of all helped us get on the property ladder !
2 months ago
Michael
Great service very helpful and very good at what they do.
2 months ago
Anonymous
Very helpful throughout and helped us get an improved deal as rates fluctuated.
2 months ago
Hannah
I have used hullmoneyman when I first bought my house and now to remortgage. Daniel has been amazing, always kept me informed and made things nice and easy. Thank you Daniel and the team.
3 months ago
Anonymous
This is the second time we have used Hullmoneyman, again their advice and service has been excellent. The advice is honest and reliable and considered our needs against the current market. I would definitely recommend in the future.
4 months ago
Ryan
My partner and I are extremely happy with our decision to use Hullmoneyman as our mortgage advisor. As FTB's we had a million questions which were always answered without any chasing. From our first meeting to the last Charlie was spot on and...
4 months ago
Samuel
For us who had a difficult situation, it was the best thing we could have done! Opened so many doors and allowed us to gain a mortgage at a great rate! Charlie was amazing and can’t recommend this company enough! Will be using again. Thank you
4 months ago
Cristina
2nd time using Hull Moneyman mortgage brokers, this time for our remortgage. Always responsive, happy to help and keep us up to date with progress. 5*
4 months ago
Samantha
This is our second time using Hullmoneyman, and again the service has been excellent. There is a good balance of updates, without feeling like you are being hounded. The advice we have been given has been honest and reliable given the current...
4 months ago
Our mortgage advisors in Hull will assess your affordability and request key information about your income and expenses.
Our team will search through thousands of remortgage products to find the most suitable deal for you.
Once you have accepted the offer, your dedicated we will submit your full mortgage application and forward all supporting documents to the lender.
We will also contact you when your next remortgage in Hull is due for renewal, ensuring you are on the most suitable deal.
Our experienced and hard working team of mortgage advisors offer all who get in touch with us a free initial Remortgage appointment in Hull & surrounding areas.
If you are perhaps looking at what your choices are for releasing equity from via a Remortgage or are just looking to find a better deal, our open & honest team of mortgage advisors in Hull are on hand to take a look at your mortgage options with you.
We are able to take a look at 1000's of different specialist remortgage products in order to determine which mortgage deal would be most suitable for your personal and financial circumstances.
Here at Hullmoneyman, we are incredibly proud of being able to provide our customers with fast and friendly mortgage advice in Hull. We abridlington the work that we do, ensuring customers can achieve all their property owning goals.
To learn more about our dedicated service and to see just how happy customers have been with our work, feel free to take a look at our genuine company reviews. You’ll find lots of very happy customers who came to us for mortgage help and were able to reach their property owning goals.
The members of our trusted team are available all throughout the working week and even on weekends, from early on in the day until later on at night, with bookable appointments that can fit your work and personal schedule.
To book a free remortgage review, please contact us today or book yourself in via our online form. Our trusted mortgage advisors in Hull are readily available to answer all your mortgage questions and get your Remortgage journey started.
Kitchens have become the central hub for many families nowadays. Are you considering a remortgage to upgrade to a new kitchen? Perhaps one that is modern, open-concept with an island. You will likely need to invest in new cabinets and matching flooring/windows as well.
A beautifully designed kitchen not only adds value to your property, but it also provides years of enjoyment for your family.
Remortgaging for a new kitchen is one of the most frequent requests we receive. A no-cost mortgage consultation can assist you in determining the amount you can borrow and the associated costs.
Another common request we receive is for a remortgage to fund a new bathroom, be it a main family bathroom, an ensuite, or both. Our team of advisors will provide support and guidance throughout the entire process of remortgaging for home improvements.
Securing a remortgage to finance a home addition is a significant choice, as it usually involves taking on substantial new debt on your mortgage. It is wise to consult with trustworthy builders for design inspiration and price estimates. When planning an extension, it is prudent to allocate an extra 10% of the budget for unexpected expenses that may arise. If your home has accumulated a considerable amount of equity, a remortgage for property enhancements can assist in executing this venture and increasing the lasting worth of your residence.
Frequently, customers seek to refinance for upgrades to their property and outdoor spaces, including modifications to accommodate wheelchair access. A range of choices and products exist for individuals of all ages, encompassing retirement interest only loans and equity release mortgages.
By remortgaging for a loft conversion, you can create an extra bedroom or home office within your property. This will provide the necessary space for you and your family to continue living comfortably in your existing residence.
A remortgage for property upgrades will enable you to take pleasure in the expanded living area while simultaneously avoiding all the expenses related to relocating to a new home.
Read our 708 Reviews
Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Contact
Follow Us
Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm
