Financing home improvements ?

[J4CKO]

We own our house, it is worth about 500k, however it needs some jobs doing, we woukld like an extension front and rear, a new roof, some repairs, a new kitchen and I reckon there would be no change from 100k.

What are the best options for financing it, I dotn want to commit to a huge amount each month

[ghamer]

Remortgage?

Sell assets?

Savings?


Or a combination of the above.

[Sarnie]

J4CKO said:

We own our house, it is worth about 500k, however it needs some jobs doing, we woukld like an extension front and rear, a new roof, some repairs, a new kitchen and I reckon there would be no change from 100k.

What are the best options for financing it, I don't want to commit to a huge amount each month

I'm not sure what you were expecting but isn't a mortgage the obvious answer?

Anything unsecured is going to have a short term and higher payments...

[no effort]

Can you take out a mortgage for house repairs/extensions?

[Sarnie]

no effort said:

Can you take out a mortgage for house repairs/extensions?

Yes, that would be their primary preference Eg lending you money to spend on their security