Owning your own home

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Soul in reply to @hoefla
You should do a couple of things:
1. Check the terms of your current mortgage; considering the potential of negative interest rates soon, you could be better off leaving your mortgage to lapse past the fixed term and into base rate + x%
2. Get a valuation on your house, especially if you think you're near another LTV % band (ie on the border of 75% LTV vs 80% LTV) - this will get you access to better deals if your LTV has changed
3. Shop around for the best deal
4. Chat to your bank / a mortgage adviser about increasing your mortgage to borrow for the works - it's likely the lowest interest rate loan you'll get
5. Make a spreadsheet :)

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hoefla in reply to @Soul

Thanks :)
Are neg interest rates really a possibility? I think the rates now are better than they were 2 years ago and I think I like the certainty of fixed rates.
Is it worth getting an independent valuation? (I did this a couple of years ago when changing names on the mortgage).

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Soul in reply to @hoefla

BoE put out some feelers on negative rates in mid Jan (lots of markets in the EU are implementing or discussing). Seems like it was a done deal.

In the last couple of days, a few 'sources close to the government' have been briefing their favourite papers on raising interest rates so it's anyone's guess right now...

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