Remortgage for Home Improvements | Release the Value in Your Home to Fund Renovations. Is your current home starting to feel outdated, lacking space, or no longer matching your lifestyle? Instead of facing the hassle and cost of moving, many homeowners are choosing to stay put and invest in their existing property. Remortgaging for home improvements is a smart, flexible way to release the equity you’ve built in your home and reinvest it into renovations that enhance comfort, functionality, and value.
Whether you’re dreaming of a spacious new kitchen, an extra bedroom through a loft conversion, or upgrading your home’s energy efficiency with solar panels or insulation, a remortgage can help fund these improvements affordably. You’re not just updating your space, you’re future-proofing your property and potentially increasing its market value.
At Connect Mortgages, we understand that every home and homeowner is different. That’s why we provide tailored remortgage solutions aligned with your renovation goals, budget, and long-term plans. With access to over 200 lenders and providers plus whole-of-market advice, we’ll help you unlock the funds you need, whether you’re planning a simple makeover or a full-scale extension.
Explore your options with confidence. We’ll guide you through the process from start to finish, ensuring you make informed decisions at every step.
- Expert advice based on your financial circumstances
- Access to exclusive remortgage deals across the market
- Transparent, FCA-regulated support with no pressure
Why Remortgage to Fund Renovations?
Many homeowners are choosing to renovate rather than relocate, as moving costs rise and housing supply tightens. A home improvement remortgage allows you to borrow against the equity you’ve built in your home and use it to invest back into your property.
Key benefits include:
- No need for a personal loan: typically lower interest rates than unsecured credit.
- Increase your property value: renovations such as extensions or modern upgrades can boost resale value.
- Flexible borrowing: from minor refurbishments to large-scale renovations.
Looking to remortgage your home for improvements? We can help you understand your borrowing power and find competitive deals from over 170 lenders.
What Projects Can Be Funded?
Typical renovation projects funded by a remortgage include:
- Loft conversions or garage conversions
- Kitchen and bathroom upgrades
- Open-plan living extensions
- Garden offices or home studios
- Energy-efficient improvements (e.g., solar, insulation)
At Connect Mortgages, we assess your plans and tailor a solution aligned with your goals and financial circumstances. Whether you’re a first-time renovator or a seasoned homeowner, our brokers are here to help.
How Much Can I Borrow?
The amount you can release depends on:
- Your current home value and outstanding mortgage
- Loan-to-value (LTV) ratio
- Your credit profile and income
- Purpose of the improvements
Use our mortgage calculators to get a quick estimate, or request a personalised illustration today.
Example: If your home is worth £350,000 and you owe £200,000, you may be able to remortgage up to 85–90% LTV, releasing funds for renovations.
Will I Need to Switch Lenders?
Not always. You may be able to remortgage with your current lender, or we can explore more competitive options across the market. We’ll guide you through:
- Comparing fixed vs variable rate remortgages
- Checking for early repayment charges on your existing deal
- Understanding any valuation or legal fees involved
We always work in your best interests to provide FCA-compliant advice, explain risks and alternatives clearly, and ensure your remortgage is both affordable and suitable.
Alternatives to Remortgaging
While remortgaging is a popular route, we may also explore:
- Further advances from your current lender
- Second charge mortgages
- Personal loans (if the amount needed is small)
We’ll help you compare these options and explain the pros and cons of each. Read more on remortgage vs second charge loans.
Key Considerations When Remortgaging for Home Improvements
If you’re planning to remortgage for home improvements, it’s essential to look beyond the short-term benefits and carefully weigh the long-term financial impact. Here are some essential points to think about before you proceed:
1. You’ll Be Increasing Your Mortgage Debt
Remortgaging to release equity will increase the total amount you owe on your mortgage. While this can provide the funds needed for renovations, it also means higher monthly repayments and more interest paid over time.
If your income were to drop in the future, keeping up with the increased payments could become difficult. Continually assess affordability and use our remortgage calculator to understand your new repayments.
2. Watch Out for Early Repayment Charges
Before exiting your current mortgage deal, check if it includes an early repayment charge (ERC). Many fixed-rate products include ERCs during the initial period, which could incur thousands in costs if triggered.
Be sure to review your existing mortgage terms, or speak with a mortgage adviser to evaluate whether remortgaging now is the right step or if waiting until your deal ends would be more cost-effective.
3. Choose Home Improvements That Add Value
Not all renovation projects will increase your property’s market value. It’s essential to focus on upgrades that offer a strong return on investment.
Examples of value-adding improvements include:
- Converting a garage or loft into living space
- Updating the kitchen or bathroom
- Adding energy-efficient upgrades like insulation or solar panels
- Improving the home’s kerb appeal with landscaping or a new front door
Before investing in major renovations, consider consulting a local estate agent to understand how your planned improvements align with current market trends. If you’re considering selling your property post-renovation, you’ll want to ensure the upgrades align with buyer demand in your area.
Learn more about how remortgaging works and how we help you choose the most cost-effective financing option for your renovation plans.
Why Choose Connect Mortgages?
With 25+ years of experience and access to over 200 lenders, we specialise in helping UK homeowners remortgage quickly and confidently for home improvements.
✅ Whole-of-market mortgage advice
✅ Tailored recommendations – based on your goals
✅ FCA-regulated & multi-award-winning service
✅ Trusted by thousands of clients nationwide
Ready to Renovate?
Don’t put your plans on hold. Let us help you release the funds you need to transform your home.
Thank you for reading our “Remortgage for Home Improvements | Releasing Mortgage Equity” publication. Stay “Connect“-ed for more updates soon!
