How to finance your energy efficiency home improvements
Posted on 13th October 2021 at 17:02
The last few weeks news headlines have been filled with the concerning prospect of energy bills increasing.
With the increase, how will you be trying to limit your energy usage to keep the bills affordable? Switching off the heating? Cold showers? Doesn’t sound appealing.
What about making your home more energy efficient? It could be double glazing, insulating the roof or installing solar panels.
What ever the solution is, there will be a cost and if you haven’t got the savings behind you, how could you achieve this?
The answer is by reviewing your mortgage.
House prices are at an all time high which may mean you have equity in your property to take out to make some home improvements. Lenders have some fantastic rates meaning in some instances, the additional borrowing and switching to a new rate can mean your monthly mortgage payments stay around the same.
Case Study
My Clients had a current mortgage of £300,000
They wanted to make best use of their equity in their current property, and release £55,000 in order to do the home improvements in order to make their home more energy efficient.
We were able to refinance their existing mortgage and also raise the extra £55,000 too, all with a lender at less than 1% and fixed for 5 years.
Book in today your financial review. Let us review your mortgage and protection outgoings to ensure you are on the best rates with the best cover.
YOUR FIRST ACTION - send me your details and requirements, to victoria@hdconsultants.net or call me on 07305 396 811
Victoria Bennett CeMap
Mortgage Consultant
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