Yes, you can absolutely remortgage to pay for home improvements! In fact, it’s one of the most common ways to finance property renovations. You can take the equity you have in your home and remortgage to release it as a cash lump sum. Once this cash is released, you can use it for any home improvements or renovations you want to make.
But depending on your situation, remortgaging can sometimes be more complicated than the first time around. Things like your age, credit history and income will affect the kind of mortgage you’ll be able to get.
Remortgaging can be a great way to reduce your monthly repayments, take some cash out of your home for a big purchase, or pay off your debts.
Remortgaging is a similar process to standard mortgages, but the process can be slightly different.
In this Guide, you’ll find the need-to-knows about remortgaging, and a step-by-step guide to how you can do it.
We get how it feels when you’re refused a mortgage. We’ve been there. Haysto exists because the mortgage world is broken. If you don’t have a shiny credit rating, you’re self-employed with a complex income, or just don’t fit the mould, the odds are completely stacked against you. We just don’t think that’s fair.
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