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I did for a loft conversion but it was just part of the normal remortgaging (fixed term had come to an end).
It was fine as the property value had gone up in the 3 years or whatever since I'd taken the mortgage out so still had plenty of equity against the loan. The mortgage provider wasn't particularly interested or concerned about me taking extra cash out, I just said it was for home improvement and that was it.
I doubt redecoration/bathroom will make much difference to the value. It'll probably be assessed on £/sqft and reference to recent sales rather than estate agent style.
If you're still in a fixed term then you're probably looking at an additional mortgage rather than remortgage which can be more of a faff. Otherwise, remortgage as you normally would at the end of the term and add an extra amount on.
Obviously you still need to be able to afford it, have the LTV, etc.
Has anyone here remortgaged and released cash for improvements as part of the process?
bought our place last october and have since redecorated upstairs (it was very old/outdated in style) and completely tore out and replaced the bathroom
We'll carry on improving the place within our means but there are other bits of work (knocking down walls, relocating kitchen, etc) that will require a big chunk of cash
When is a good time to remortgage and release cash and will the new bathroom and significant redecoration have added much value to the place?