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Equity Release
for Home Improvements
As the costs of
moving house can
often run into many
thousands of pounds,
more and more people
today are looking
to maximize the
space they have
by extending or
converting lofts
or garages into
living space.
In some cases,
building an extension
to your home could
cost less than the
stamp
duty on a new
property. Re-mortgaging
to release equity
can be an easy and
cost effective way
to fund home improvements,
which will in turn
hopefully increase
the value of your
home. Not all projects
of course will add
as much value to
your property as
they cost to achieve.
If you have any
concerns, you could
talk to local estate
agents before embarking
on major improvement
works. They will
give you an idea
of how much your
property will subsequently
be worth and how
the alterations
may affect the `sale-ability’
of your home in
the future.
On the whole, new
kitchens, extensions,
additional bathrooms,
conservatories and
parking should add
value to your home.
Some alterations
will pay for themselves
in terms of value
whereas others may
just make your home
easier to sell.
Double glazing will
generally add value
and save you money
on heating bills
however, for period
houses in conservation
areas for instance,
it may make your
house less appealing
to future buyers.
It seems obvious
but always be sure
that any alterations
have the appropriate
planning permission
and comply with
building regulations.
Your builder may
not always inform
you of all the permissions
you need. Without
these, work may
in future have to
be un-done or it
may make a property
impossible or difficult
to sell further
down the line.
To find out more
about releasing
your property’s
equity to improve
and add value to
your home, please
complete an Equity Release
Mortgage Enquiry
Form
above and we will
arrange for one
of our advisers
to contact you.
Or you could call
us on 0845
108 0505.
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