At some stage, most people find themselves in the position that their current home no longer meets their needs. Whether it is a growing family, the need for an additional bathroom, an extra bedroom or something on an even grander scale, a decision needs to be made as to whether to move or to extend or improve their existing home.
Soaring house prices, high stamp duty and sometimes a lack of suitable houses means that these days, more and more people are choosing the latter. In fact, figures show that the number of people moving to a new house has halved in the last 10 years. Historically families would have moved on average 4 times, these days however that number has dropped to no more than twice.
Improving and extending your home can be expensive and homeowners will look for cost effective ways to fund the work to be carried out. The key decision to make is do you look at an extension to your current borrowing; do you consider a re-mortgage or do you explore the benefits of keeping your existing mortgage and utilise a second charge mortgage? There is no right or wrong answer. All solutions can work, you just need to select the approach best suited to your individual needs.
Our residential mortgage business, NGI Residential, aims to make the mortgage process as simple and painless as possible. By taking a whole of market approach and matching this to your individual needs and situation we can help you find the solution that is right for you.
Let us help make your dream home become a reality. For an initial, no obligation consultation at our cost, please contact us on 01993 706403 or e-mail email@example.com.