Our Customers rate us 4.6 out of 5
remortgage for home improvements
Need funds for a home transformation? Remortgage for home improvements with our expert advisors today, finding you the best possible deal with your portfolio in mind.
Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.
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Useful links to begin your Remortgage Journey
Remortgaging
When you are after advice on switching your mortgage lender, we can help you with each step of the way.
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Equity Release
If you’re considering equity release, it can be confusing to know where to start. Not only are there a range of products available, but there are also serious implications to consider.
Purchasing A Second Home
When it’s time to buy a second home, look no further than us for a mortgage adviser. We take the stress out of your mortgage deal.
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With The Same Lender
Looking to remortgage with your current lender? Our mortgage advisors are here to help you secure the right product for your needs.
Finding You The Best Remortgage Deal For Home Improvements
Remortgages for home improvements can be a minefield. With interest rates, product fees, loan-to-value calculations, and valuation costs to consider, it can be hard to know where to start!
Our team of specialist remortgaging advisors can help you navigate the market and compare available options.
We’ll help you assess whether it makes sense to stay where you are and stick with your current mortgage deal, take out an additional loan, or switch lenders and release equity from your home.
With access to the whole market and years of experience achieving approval for our customers, we’ll ensure you have the most suitable product for your home improvements.
Remortgage For Home Improvements: We Find Your Next Deal
Remortgaging is complicated, and progress is slow. But we are mortgage brokers – we handle administrative burdens and logistics, almost entirely limiting the need on your end. Whether you’re struggling with weighing options or don’t know which one is more valuable than the other, our expert advisors are here to clear the air. We promise simplicity and a variety of specialist lenders not known to the mainstream – one who will consider you the perfect client.
Let's get the ball rolling.
We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!
Check your credit file.
In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.
Can I remortgage to pay for home improvements?
Yes! Many homeowners choose to release equity from their homes by remortgaging and using the money to pay for significant home improvements. Depending on the refurbishments, this may increase the property’s value.
Adding the costs of refurbishments and renovation to your mortgage means spreading said cost across the remainder of the term.
Should I remortgage my home to make home improvements?
Remortgaging can be a suitable way to fund home improvements. However, everyone’s circumstances are different, and remortgaging may not be the right option for everyone. This is a personal decision and should only be made after you have considered all the facts. These include:-
- Whether you can manage an increase in your monthly mortgage payments
- Whether you are tied into your current deal with early repayment charges
- Do you have equity in your home?
- What is the current loan to value on your property?
- What is the likely uplift in your property value after the improvements have been made?
When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No is here to turn your ‘No’ into a ‘Yes’.
We have access to a range of specialist lenders willing to help those the High Street banks just won’t touch. Get in touch today and see how we can make your dreams a reality.
Turning Your Nightmares Into Dreams
When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.
Do The Type Of Home Improvements Affect My Ability To Remortgage?
Yes, it can. Some lenders are interested in whether the planned work is structural or non-structural because this impacts property value. A new or existing lender may request evidence of the scheduled work, perhaps by submitting quotes. Most lenders will also stipulate that there must be proof of building consent and planning permission before proceeding. Some lenders want precise details on exactly where the loan will be going. However, each lender has different requirements, and it’s our job to simplify the process for you. If you want to look into the options available, our expert advisors are here to discuss your plans and locate a suitable lender – talk to us, and we can begin!
Should I remortgage or take out a home improvement loan instead?
Multiple options for funding home improvements include a secured loan, a bridging loan, a second charge, or a home improvement loan.
Never go ahead with a deal you’re unsure is right for you – contact us and discuss it instead. Whilst remortgaging affords you lower interest rates and incentives versus a personal loan, understand that our network of specialist lenders likely has a plan perfectly tailored for you.
Before signing off on borrowed funds against your home, seek our specialist advisors’ help. Our team of mortgage experts will assess your financial situation and help you identify the best course of action based on your personal and financial circumstances.
Remortgage for home Improvements FAQs
Will I need a new valuation to remortgage for home improvements?
Yes, most of the time, a new mortgage lender will want to complete a valuation on your property before approving your application. They must ensure the property provides adequate security for the loan or further advance. This valuation will be on your property as it is now, not with the projected value your renovation work may add. Some lenders offer incentives whereby the lender covers the cost of this valuation when you remortgage.
Can I remortgage for home improvements with bad credit?
Adverse credit shouldn’t, and isn’t always, a barrier to remortgaging. Its effects on your applications depend on your existing mortgage company, and which specialist lender you get in contact with. When the Bank Says No will construct your application and documentation in the most positive and comprehensive light, and present it to a network of niche lenders who almost exclusively accept lenders in this situation.
Talk to us today to find out more.
Don't start remortgaging for home improvements without us?
When the Bank Says No has aided many applicants ranging from below average to dire situations, enabling them to remortgage their homes and achieve their long-term financial goals. With us, there is a way forward.
Whether you need a loft conversion for a growing family, or you want to raise property value for an easy retirement, we can help make this affordable and manageable through a fantastic mortgage deal.
We consider any other debts you may have apart from your original mortgage, mortgage rates, second-charge mortgages, and the overall cost. We provide clear information on early repayment charges, mortgage rates, how much extra money you can generate, and the cost of monthly payments so you can make a fully informed decision.
We look at your plans in the round, including whether you will be moving house in the future, existing house prices, and the current value of your home.
From fine-tuning your application to evaluating the market for the most appropriate remortgage options, we do everything possible to secure your funds.
What Our customers say about us
Our Customers rank us 4.6 out of 5
We feel so fortunate to have found WTBSN
We found WTBSN after landing in a really tricky situation. We were out of term on our current mortgage and our existing broker had exhausted all options to re-mortgage due to the complex nature of our holiday let property (Grade II listed, timber frame construction and above commercial). Working under considerable time pressure due to the financial penalties being imposed by the existing lender, Brian was relentless in his search for a solution that would allow us to refinance a property that was on face value mortgageable. Thankfully, he didn’t give up and nine months later, we completed on the re-finance. We feel so fortunate to have found WTBSN and would like to thank Brian and the team sincerely for going the extra mile. We couldn’t have done it without you!
Rachel Reeves
Simply the best
I will never use another mortgage broker in all my time In property, these guys are the best at communication, customer service and keeping you informed. They are a level above every other broker I’ve come across and they actually get things done.
Emma, Samantha & Ashley have been fantastic in assisting me with 2 mortgages now and they’re superb at what they do. I wouldn’t hesitate to reccommend them to anybody out there who needs a mortgage sorting.
John Burton
I have been dealing with ben
I have been dealing with Ben @ When The Bank Says No. He has been great!! Professional, kept us up to date the whole way and made the entire process so simple. I would most definitely use him again and have already passed his details on to a family member. Thank you for all your help.
Elise
Thank you for your amazing support
Thank you for your amazing support and service during a really difficult time in my life. 5* is just not enough to demonstrate the level of support received. These guys go above and beyond. A personal service, with kindness and compassion. I highly recommend. If you’re struggling with your mortgage, then have a chat to this team. I cannot thank them enough for everything they have done.
Nabila Fowles-Gutierrez
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