Owning your own home

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andos in reply to @chrisbmx116

@chrisbmx116 is that “adding/borrowing” on your mortgage I.e taking equity out or an additional second mortgage?

I’ve never personally taken a home improvement loan but I feel like it would be weighing up the best deal and running with that.

I feel like it might seem simpler to borrow on your existing mortgage as it’s retained to a single lender but you might find a good rate for a loan.

Are credit cards not an option? I recall seeing that mentioned before.

I’m shit with money so don’t feel the need to pay any of the above any attention

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chrisbmx116 in reply to @andos

Just had a chat with the wife over a bottle of M and S fizz, think we are going to do non mortgage loan as fuck having it hanging over us for 20 years and giving an extra 30k to the bank.

Thanks for chiming in though, better than the rest of the dead beats on here!

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edscoble in reply to @chrisbmx116

I think that a good approach, I did similar, took a loan out on doing the kitchen (about 8k total) with 0% finance like @Mr_Smyth for 5 years and the repayment is really peanuts.

Better than paying a little more in mortgage unless it need like 40k worth of work.

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