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 also likely to increase.
Homeowners 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 or something else.
We recommend speaking with a mortgage broker in Hull when looking to remortgage and take money out of your home. With a remortgage for home improvements in Hull, you will still need to take out a new mortgage deal; our job is to help you find a deal best suited to your personal and financial situation.
Firstly, it’s essential to determine the cost of your house improvements by obtaining estimates from trustworthy contractors.
For larger projects, we often recommend adding an extra 10% to their projected costs to allow for any extra charges.
The total that you can borrow is based on your property’s current worth and any outstanding mortgage balances. Our team are here to assist with these calculations and will inform you of the maximum amount you can borrow and your new mortgage payment.
If you’re considering remortgage advice in Hull for home improvements and want to explore your options, you can schedule your free remortgage review online.
As a trusted mortgage broker, our responsibility is to ensure you explain the advantages and disadvantages of remortgaging for home improvements in Hull.
During your free remortgage review we can explain how the process works, the benefits of remortgaging for home improvements in Hull and things to be aware of.
Book a free remortgage online today and speak with our mortgage advisors in Hull.
When you remortgage your mortgage, you obtain a new one, specifically from a different lender. With a remortgage for home improvements in Hull, during the point of remortgage, you secure extra funds to put towards renovations in your home.
Yes, you will be increasing the value of your mortgage and possibly the length of your mortgage term, however, you will be able to fund your home improvements.
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 advisors in Hull can assist you with these calculations and guide how much you can borrow and what your new mortgage payment will be.
There are many different home renovation projects you can undertake with a remortgage for home improvements in Hull. Some of the most popular include:
Our Customers Love Us
4.98 Rating721 Reviews
Glen
Good service very prompt at sorting fantastic deals highly recommended
2 days ago
Paula
Chris was brilliant, great communication and always there to answer any questions. 100% recommended, great service from first enquiries to securing our mortgage and insurances and good to know we can message anytime with any queries we need help...
4 days ago
George
Incredible service from Malcolm, Stacey and the whole team in helping us with our mortgage application. From start to finish we felt supported, the advice we were given was honest, genuine and with our best interests in mind. We wouldn't have known...
3 weeks ago
Angela
Excellent service from making enquiries to completion.
1 month ago
Mr Glenn
Helped us out enormously with our mortgage for self employed. Would definitely recommend these guys.
1 month ago
Lois
The whole process from start to finish has been first class. Chris has ensured we understood everything, been at the end of the phone if we needed anything answering and had our interests at heart. Debbie has also been a great support and we...
2 months ago
Matthew
Thank you Jason & Jo. Very friendly, down to earth and efficient. Worth far more than 5 Stars. Hullmoneyman its a no brainer!
2 months ago
Jason
Fantastic service, really easy and straightforward process which resulted in a mortgage that met our needs. Thank you
2 months ago
Syed
Very professional and excellent service! They helped us in each step until we purchased our home. Thank you, Hull Money Man.
2 months ago
Neil
Very helpful, friendly and very efficient
3 months ago
Rebecca
Very happy with Hull money man. They did everything for us from the start to the end. Staff are super helpful. Would not pick any other broker
3 months ago
Agnes
I lack words to describe my gratitude to Chris from Hullmoneyman for all help and advice he has given. My experience with this company is nothing but Very professional and caring service. Getting mortgage through them 5 years ago and remortgaging...
3 months ago
Kathleen
Always very helpful and efficient.Helpted me get the best deals everytime.Would highly recommend to all
3 months 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...
4 months 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!
4 months ago
Oladipo
Great team. Charlie also did an amazing job in making sure the process was smooth.
4 months ago
Anonymous
Very good company, they assisted all the way from inception to completion of my new home.
4 months ago
Matthew
Have used Moneyman previously and was happy with the service, same again this time very happy with the service again.
4 months ago
Molly
Amazing service from start to finish - 100% recommend!
4 months 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!
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.
Every customer can benefit from a free remortgage review with a mortgage advisor in Hull.
Remortgaging for home improvements in Hull can be made easier with the help from an expert. We are here to help you through your remortgage process and try to find you a deal that saves you money in the process.
If you are looking at what your choices are for releasing equity 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 1000s of different remortgage products in order to determine which remortgage 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 are proud of 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 company reviews.
We're available 7 days a week, 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 online. Our trusted mortgage advisors in Hull are readily available to answer all your mortgage questions and get your remortgage journey started.
A beautifully designed kitchen not only adds value to your property but also provides years of enjoyment for your family.
Funding a new kitchen is one of the most common reasons we see for people wanting to remortgage for home improvements in Hull.
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 mortgage advisors in Hull will provide support and guidance throughout the entire process of remortgaging for home improvements in Hull.
Securing a remortgage to finance a home extension is also a popular choice, however, it usually involves taking on substantial new debt on your mortgage.
It is wise to consult with trustworthy contractors when getting price estimates. When planning an extension, we recommend allocating an extra 10% of the budget for unexpected expenses that may arise.
If you have built up a large amount of equity in your home, a remortgage for home improvements in Hull can assist in executing this venture and increase the cost of your property.
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 home improvements in Hull will enable you to enjoy more living space in your home whilst simultaneously avoiding all the costs related to relocating to a new home.
Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm