We know which lenders might give you the green light
We work closely with the major providers to bring you the right deal. Get access to well-trusted mortgage providers without the hard work. Plus, we work with over 80 lenders to ensure you find the most suitable option for your needs.
Accord Mortgages
Pepper Money
Barclays
Principality Intermediaries
Bluestone Mortgages
Buckinghamshire Building Society
Buy-to-Let by Foundation
Kensington
Metro Bank
Newcastle for Intermediaries
The Nottingham Building Society
Mansfield Building Society
Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage or any debt secured on it.
What you need to know
Updating your existing property with a new kitchen or bathroom is a great way to update the way you feel about your home without having to move. An extension to your property can also add value and change the way you live.
Most mortgage lenders are happy to look at raising capital for home improvements and this can be achieved providing you have equity in your home and meet affordability checks.
There are other ways to raise funds for home improvements such as a personal or secured loan and our advice firm will be able to advise you on all the options.
What our customer say
Discover what our customers have to say about their experiences with us. Hear from those we've assisted in making their property and financial dreams a reality, and see how our commitment and expertise have made a difference.
We are with you every step of the way
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Raise funds for home improvements
Owning a home comes with the opportunity to enhance and personalize your living space through renovations, upgrades, or extensions. However, funding these projects can often be a barrier for homeowners. This is where Mortgage Wise can help.
With our expertise in mortgage solutions, we can explore options to raise funds by leveraging the equity in your home. Here are some ways we can assist you:
- Equity Release
- Remortgaging
- Further Advances
- Advisory Services
Call us on 0333 207 0522 or arrange a call back below.
The team are fantastic. We were older first time buyers. Guided us through everything, superb communication and updates. Answer any questions thoroughly and instantly. Sorted our will too. So happy, came back to them for our remortgage after fixed term finished. Honest about the challenging climate but did the best they could and got us a deal that suits us. Again, constant and immediate contact as things progressed.
Mark
Whole team are fantastic
What does remortgage mean?
Taking a new deal can potentially save you money, depending on the new deal. You also have to opportunity to raise more capital to consolidate debts or to complete home improvements.
When is a good time to remortgage?
Reason why you shouldn’t include an increase in interest rates or having to pay an Early Repayment Charge (ERC). Speak to an adviser today to look at your options.
How do I remortgage?
You can remortgage for a variety of reasons such as securing a lower interest rate, consolidating debt or raising capital for home improvements.
FAQs
Here, we answer the most common questions about our financial services to help you make informed decisions. If you need more detailed information, our expert team is always available to assist.
Remortgaging involves switching your existing mortgage to a new lender or deal without moving home. It typically aims to get a better interest rate, reduce monthly payments, or release equity. The process involves applying for a new mortgage and using it to pay off your existing one.
The best time to remortgage is usually when your current mortgage deal is about to end, typically before the end of a fixed or discounted rate period to avoid reverting to the lender's higher standard variable rate (SVR). It’s also beneficial to remortgage if interest rates have dropped, your property value has significantly increased, or you need to borrow additional funds.
Remortgaging can involve various fees, such as early repayment charges (ERC) on your existing mortgage, valuation fees, legal fees, arrangement fees for the new mortgage, and any broker fees if you use a mortgage broker. It’s important to consider these costs when calculating the overall benefit of remortgaging.
The amount you can borrow depends on factors like your property's value, your income, existing debts, and the lender's criteria. Generally, lenders will offer up to a certain percentage of your property’s value, known as the loan-to-value ratio (LTV), and will assess your ability to repay based on affordability checks.
Benefits of remortgaging include lower interest rates, reduced monthly payments, releasing equity for other financial needs, and switching to a more suitable mortgage product. However, risks include incurring fees that outweigh the savings, extending the mortgage term which could increase the total amount paid, and the potential for higher interest rates if you don’t lock in a good deal.
Find your home improvements remortgage solution
There are many benefits to renovating your home including making it more enjoyable to live in, and it may add to the value of your property. We compare over 90 mortgage providers to get you the right remortgage. Call us on 0333 207 0522 or arrange a call back below.
Speak to the experts
Mortgage Wise team are on hand to speak to you today. Whether you’re looking for a face-to-face appointment or a quick chat on the telephone, we are here to provide the mortgage broker advice you need for your next mortgage.
Let us handle everything
From application to liaising with lenders, solicitors and estate agents - we handle it all.
Our dedicated processing team to ensure your application is handled smoothly until the day you complete.
We provide a lifetime service
We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application. When it’s time to remortgage, we will be in touch to discuss your options. Let Mortgage Wise take the hassle out of managing your mortgage.
Home improvements remortgage advice
We’ve built our reputation on long lasting relationships with our clients. You will recieve regular contact from us beyond your initial application.
When it’s time to remortgage, we will be in touch to discuss your options. Let Mortgage Wise take the hassle out of managing your mortgage.
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Our guides
In our our Guides section, you’ll find valuable resources to help you with various financial and property-related decisions. Whether you’re buying your first home, managing bad credit, exploring buy-to-let opportunities, or consolidating debt, we have the information you need. Our guides also cover topics like home improvements, interest-only mortgages, and remortgaging, providing you with the knowledge to make informed and confident choices.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Some buy to let mortgages are not regulated by the Financial Conduct Authority.
