It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
If you’re planning to extend your home, convert an unused space, or undertake other renovations, remortgaging could be a practical way to release funds. By switching to a new mortgage deal, you may be able to borrow against the increased equity in your property.
This can help cover the costs of your home improvements while potentially securing a better interest rate. Whether you’re adding value with a loft conversion or making your space more suitable for your family’s needs, remortgaging is a flexible option for homeowners in Essex looking to finance upgrades without taking out separate loans.
Our experienced mortgage advisors in Essex are here to guide you through the process and find a deal that fits your goals.
Remortgaging for home improvements in Essex allows you to release equity from your property to fund projects like extensions or renovations.
Start by assessing how much equity you have in your property and getting an estimate of how much the work is going to cost.
The next step is to speak with a mortgage broker in Essex like us. We’ll compare 1000’s of remortgage deals to find one that suits your goals, whether you want to spread the cost or make overpayments to reduce interest.
Once you’ve chosen a deal, we’ll guide you through the application, and upon approval, you’ll receive the extra funds to start your home improvements.
Borrowing additional funds through your mortgage can be a cost-effective way to finance home improvements, allowing you to spread the expense over a longer term.
This can ease the financial burden of large projects like extensions or renovations. If you prefer to minimise the interest paid over time, there are flexible options, such as making overpayments or shortening your mortgage term.
As your trusted mortgage broker in Essex, we are committed to ensuring you fully understand the advantages and potential costs of remortgaging for home improvements. With access to thousands of remortgage deals, we’ll search the market to find the best fit for your needs, saving you time and money.
Remortgaging for home improvements in Essex involves switching to a new mortgage deal to release equity from your property and providing funds for renovations or upgrades like extensions, new kitchens, or loft conversions.
This allows you to spread the cost of home improvements over your mortgage term, potentially at lower interest rates than personal loans.
It starts by assessing the available equity in your property — the difference between your home’s current value and your outstanding mortgage.
You can then remortgage for a higher amount, using the extra funds for home improvements in Essex.
You continue repaying the mortgage as usual, with the added benefit of spreading out the renovation costs over time.
Equity release allows homeowners aged 55 or over to unlock cash from their property without moving.
Options like lifetime mortgages or home reversion plans can free up funds for home improvements in Essex, such as adding accessibility features, modernising the property, or making energy-efficient upgrades.
The loan is repaid when the homeowner sells the property, moves into care, or passes away.
You can finance a wide range of improvements, such as building extensions, converting lofts or garages, renovating kitchens and bathrooms, installing double glazing or energy-efficient systems and landscaping your garden.
Essentially, anything that adds value or enhances the living experience of your home can be funded through a remortgage in Essex.
A professional valuation is required to determine your property’s value for remortgaging.
This can be arranged through your lender, who will send a surveyor to assess the current market value based on local house prices, recent sales, and the condition of your home.
The equity available for borrowing is based on this valuation.
You can spread the cost of large projects over a long term, potentially securing a lower interest rate compared to other borrowing options.
It can also increase the value of your home and make it more energy-efficient or suitable for your lifestyle.
Additionally, overpayments can help reduce the overall interest paid.
Yes, it’s possible to remortgage for home improvements with bad credit in Essex, but it can be more challenging.
Lenders may charge higher interest rates or offer less favourable terms. Working with a specialist lender or broker can help you find remortgage deals designed for those with adverse credit.
The amount of equity you can release depends on your property’s value and the outstanding mortgage balance.
Typically, lenders allow you to borrow up to 80-90% of your property’s value, minus what you owe.
The exact amount will depend on the lender’s criteria and your financial situation.
Our Customers Love Us
5.00 Rating5-Star Reviews
Richard
Very good service and excellent communication - definitely recommended
6 months ago
Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
2 years ago
Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
4 years ago
Imogen
We shopped around trying to find the best deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly and taking...
2 years ago
Imogen
We shopped around trying to find the best deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly and taking...
4 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
2 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
4 years ago
Our expert mortgage advisors in Essex are on hand to offer a free remortgage review, tailored to your home improvement needs.
We'll explore all available options to help you find the best possible deal.
We search through 1000s of remortgage deals, including exclusive products, to find the right fit for your financial situation.
Our aim is to secure a deal that matches both your budget and home improvement plans.
Once we identify the right remortgage deal, our team will guide you through the application process, making it as smooth as possible.
We handle all the paperwork, so you can focus on your upcoming home improvements.
After your application is approved, we’ll work closely with the lender to ensure a smooth and timely completion. #
Your funds will be released, allowing you to start your home improvement project without delay.
We offer a free, no-obligation mortgage review tailored to your situation. Our expert mortgage advisors in Essex assess your current mortgage and explore all available options.
We aim to find the best remortgage deal to support your home improvements. Start your journey with us and take the first step toward a better mortgage.
We have access to thousands of remortgage deals. Our team searches the entire market to find the right deal for your needs.
We look for options that fit your budget while supporting your future goals. Rest assured, we’ll secure the best rates available for you.
From your initial review to the final completion, we handle the process for you. Our service includes managing all paperwork and providing regular updates.
We work closely with lenders to ensure a smooth and efficient remortgage journey. Let us take the stress out of remortgaging for you.
We’re here to help every day of the week, from early morning until late evening. Our flexible hours mean you can get the advice you need, at a time that suits you.
Even on weekends, our team is ready to assist you with any queries. Enjoy support whenever you need it throughout your remortgage process.
Looking to revamp your kitchen in Essex? Remortgaging can help release equity from your home to fund the upgrade.
With various remortgage options available, you can create the kitchen of your dreams while potentially securing a better rate.
Planning a bathroom makeover in Essex? A remortgage could provide the funds you need to cover the cost of new fittings, fixtures, and tiling.
By releasing equity, you can invest in a modern, luxurious bathroom that adds value to your property.
Need more space in your Essex home? Remortgaging to finance an extension is a great way to add additional rooms or increase living space.
Whether it’s a new bedroom, office, or conservatory, unlocking your property’s equity can make it happen.
Thinking of making home or garden improvements in Essex?
Remortgaging in Essex can help release funds to enhance your outdoor living space or update interiors.
From landscaping to a garden office, a remortgage can provide the financial boost you need.
If you need to adapt your Essex home for assisted living, remortgaging can help finance essential modifications.
You could use the funds to install stairlifts, widen doorways, or create accessible bathrooms, making your home more comfortable and safe.
In some cases, you may not need to release equity from your home to make assisted living improvements. You may be able to access a government grant that allows you to make the changes to your home without taking anything out of your home.
This is why it is important to get mortgage advice in Essex before making any decisions. Our team will advise you on what is best for you and your situation, and will never recommend you to take money out of your home if it is not something you should do.
Looking to convert your loft or cellar into a functional space? A remortgage in Essex can release the equity needed for these home improvements.
Whether it’s a new bedroom, office, or entertainment room, a remortgage can turn unused spaces into valuable living areas.
Read our 5-Star Reviews
Essexmoneyman.com & Essexmoneyman 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
Essexmoneyman.com & Essexmoneyman 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
