Is it a good idea to remortgage for home improvements?

couple remortgaging to improve their home

Your home is your comfort zone and sanctuary from the world, but it can also be a valuable investment in your future. In this article, we’ll explore the idea of remortgaging to fund home improvements – a strategic move that can not only improve your living space but also your long-term financial situation.

Remortgaging to pay for home improvements can have benefits over an unsecured home improvement loan, like lower interest rates and monthly payments. But it’s not a one-size-fits-all solution. You must carefully consider your financial situation, affordability, and project plan before diving in.

If you are considering a home improvement project, remortgaging might be the key to turning those dreams into reality. Read on to discover more about remortgaging, equity release and home improvement loans to help you unlock the full potential of your home.

Are you ready to embark on a journey to transform your home? Contact the friendly team at Bliss Financial Solutions today for personalised advice and support.

Can remortgaging fund home improvements?

Absolutely! Many homeowners remortgage to fund renovations. Remortgaging allows you to tap into the value your property has accrued over time, giving you the means to undertake the renovations or upgrades you’ve been dreaming of.

How does a home improvement loan work?

Broadly, there are two types of home improvement loans: secured and unsecured.

When you remortgage to fund home renovations, you are essentially taking out a new mortgage, and your property serves as security for the loan, i.e. it is a ‘secured’ loan. The equity you have in your home, which is the difference between the property’s value and the remaining mortgage balance, is ‘released’ as a lump sum.

Another way to borrow money for renovations is with a personal loan. In contrast to a secured home improvement loan, it does not require collateral, making it more viable if there is limited equity in your home.

However, unsecured loans are based on the borrower’s creditworthiness alone, so they are considered higher risk by lenders. As a result, they carry higher interest rates and lower borrowing limits.

Can you borrow additional funds?

Additional borrowing is possible when you remortgage, but it’s important to talk through your plans with a mortgage adviser. At Bliss, we start by looking at your personal circumstances to see if borrowing more money on a mortgage is appropriate and affordable.

What are the benefits of remortgaging for home improvements?

Adding home improvement project costs to your mortgage is often the best option for various reasons, which we’ll look at now.

Access the equity in your home

Remortgaging allows you to access the equity you’ve built up in your home. This can be especially beneficial if you’ve owned your home for a long time or your property has recently increased in value. By unlocking this equity, you have access to a substantial pool of funds to invest in improving your living space.

Lower interest rates and monthly payments

A mortgage typically has lower interest rates than an unsecured home improvement loan, meaning more affordable monthly payments. So more often than not, remortgaging can make the financial burden of home improvements more manageable, allowing you to enjoy the benefits of your upgraded home without breaking the bank.

Increasing your home value

Investing in your property not only enhances your living experience but can potentially boost its value. Whether it’s a modern kitchen, energy-efficient improvements or a well-designed extension, it can make your home more appealing to future buyers and contribute to its market value.

What should you consider before remortgaging?

Before diving into the remortgaging process, it’s crucial to consider a few key factors. At Bliss, we will make a thorough assessment of your personal circumstances to give you the best advice on funding your dream home improvement project.

Financial eligibility and affordability

Before approaching a mortgage lender, it’s essential to assess your financial situation to ensure you meet the criteria to release equity. This includes reviewing your credit score, income stability and existing mortgage terms to ensure you are eligible to remortgage and borrow extra money.

As with any remortgage, your income and outgoings will be assessed to ensure you can afford the monthly mortgage payments.

Your home improvement plan

It’s important to have a robust plan in place, as lenders may ask to see evidence of timeframes and costs. In addition to researching the professional requirements, like architects and building control, you should check if your proposed changes require planning permission. This is likely if you’re planning a structural change like an extension or loft conversion.

Additional costs

Don’t forget to factor in any additional costs of remortgaging. For example, it may be wise to wait until the end of your mortgage term to avoid any early repayment charges.

Other potential costs include legal fees for paperwork handling, valuation fees for property and mortgage broker fees. At Bliss Financial Solutions, this fee depends on your circumstances and the complexity of the loan, but you can rely on us to be upfront and transparent regarding our charges.

The amount of equity in your property

To determine the equity in your home, start by estimating the current market value through online tools or by consulting local estate agents. Next, subtract the outstanding balance on your current mortgage, which can be found on your latest mortgage statement or by contacting your lender.

Remember, equity is dynamic and subject to changes in property values and mortgage repayments. Bliss Financial Solutions can offer expert guidance on how much equity is in your home.

It’s important to understand that most lenders have a minimum equity threshold, meaning that you must retain a certain percentage of equity in your property when remortgaging, typically 10-15%.

How can Bliss Financial help you?

Remortgaging for home improvements can be a strategic and rewarding financial move, unlocking the untapped potential of your property. Bliss Financial Solutions is dedicated to making this process seamless and efficient, ensuring you receive the guidance and support needed.

We will take great care to assess your financial circumstances before providing our professional advice about whether remortgaging to fund home improvements is right for you.

With access to a wide range of mortgage products, we can help you find a solution that aligns with your project plan, monthly budget and future goals. We will stay with you every step of the way to ensure the remortgage process is as blissful as possible!

Ready to embark on your home improvement journey? Or are you simply looking for a better mortgage deal? Contact Bliss Financial Solutions today for expert advice.

Frequently asked questions about remortgaging to finance home improvements

Is it better to take out personal loans for minor home improvements?

Personal loans are unsecured and typically quicker to process than home equity loans, which can make them more convenient for smaller home improvements.

However, borrowing money on a personal loan is likely to have a shorter repayment period and higher interest rate, meaning larger monthly payments.

Can remortgaging reduce my monthly repayments?

Absolutely. Like any financial commitment, it pays to shop around for a competitive deal. Using an independent mortgage broker like Bliss Financial can help you find the best mortgage deal to help you save money.


Remortgaging for home improvements can be a strategic financial move, offering access to accumulated property equity and potentially lower interest rates. While it’s a viable option for many homeowners, careful consideration of your financial eligibility, project planning, and associated costs is crucial.

It’s wise to seek advice from a mortgage expert if you are considering releasing equity to pay for home improvements. Bliss Financial Solutions can guide you through the process, ensuring a seamless journey toward unlocking your property’s untapped potential.

Learn more about getting ready to remortgage here.

Picture of Amanda Marsden
Amanda Marsden

Amanda is the founder and owner of Bliss Financial. She has been helping clients with their mortgage and insurance needs for over 15 years. Her passion is to fully explore the options open to them and ensures the process is easy with no stress. She also specialises in helping clients invest in buy to let property and landlords.

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Selected from a number online because they stated that they have experience working with people from the military. This was essential given how moving on assignment often can be a negative for many banks when it comes to lending. Amanda was excellent and the process was swift and easy. We had planned to visit face to face but the process was just as high quality over zoom and phone.
Richard S.
Amanda is great, everything was explained clearly and always responsive to queries, would highly recommend.
Pavitar P.
This is my second time remortgaging through Bliss and Amanda. The service provided has made my life stress free and Amanda was thorough with her research into what deal and term would be best for me based on economic uncertainty and where I am atthis point of my life.I'd not use any other mortgage broker ✨
Harriet L.
Amanda was extremely knowledgeable and helpful from minute one. I am very grateful to her for diligently working within a fairly tight timeframe to identify and provide me with the right product.Her communication throughout was prompt and well-received. I look forward to using her services again.
James D.
Excellent service. Fully deserving of 5 stars. Nothing to fault. Great communication and everything went through in time with no issues. Would highly recommend Amanda Marsden.
Luke H.
Amanda was absolutely brilliant from start to finish. She helped us secure our forever home mortgageWould 100% recommend for anyone needing financial services of any kind!
James B.
Absolutely perfect service from start to finish, no stress, no hassle can’t recommend enough. Thankyou
sarah W.
We have used Amanda for many years. She knows exactly what she is talking about and offers the best advice. I cant recommend Amanda enough if you're thinking of getting a mortgage or going through a Re-Mortgage. She reassured us throughout the whole process and was in touch every step of the way. Thank you Amanda, here's to many more years.
David J.
Amanda was amazingly helpful and made the whole process hassle free. Even when I changed my mind a few times nothing was a problem and the end result was exactly what I was looking for. I would highly recommend Amanda and the team
Atha D.
We used Amanda a few years ago for our first mortgage. She was an absolute hero for us. She sat us down and explained everything thoroughly putting all out worries at ease as first time buyers. We had issues with our chain which meant our mortgage offer lapsed and Amanda was there every step of the way right through to the day we moved in. Due to remortgage in the next year or so and I will always go back to Amanda.
Anya K.
Once again very helpful and prompt in helping us with remortgaging our property, highly recommended
Natasha G.
Bliss WILL get you the best mortgage solution possible. The best mortgage broker around!!
michaela M.
Amanda was absolutely brilliant from start to finish. She helped me secure my first mortgage and also helped with organising the best deals on life and home insurance for my house. Would 100% recommend for anyone needing financial services of any kind!
Nathan C.
We specifically selected Bliss as financial advisors for our mortgage, as we'd read great reviews from other first time buyers. Amanda was so welcoming and helpful, introducing us to the whole process. We actually went to her thinking we were fish out of water, and wanting to but not expecting to but for a few years, just wanting to get our heads around it. However everything felt easy, quick and well explained and we were accepted for a within approx 2 months of starting our search. Amanda has been amazing throughout the entire process - even personalising the way she presented documents to us to suit our styles (me, needing to talk everything out and my partner more graphs and charts!). Evening appointments were organised to work around our work schedules. She was in constant communication with all stakeholders, chasing things up for us and since moving, also supporting with insurances. I'd highly recommend Bliss, and specifically Amanda for any financial advisory services however particularly first time buyers, as no question feels like a silly question. For future purchases, selling, and any other financial services - we will definitely return to Bliss.
Amber B.
Great service. Professional, friendly and efficient. Amanda did a great job in advising me and then finding and securing the best mortgage to suit my situation
Ed T.
Absolutely amazing service, couldn't have received any better. Very friendly and quick at replying to all enquiries. Very understanding of our circumstances which were difficult but still got us everything we needed for our new house. Thank you again Amanda, will be recommended you to everyone who needs a mortgage broker ☺️
Stacey G.
Amanda helped us to secure our first mortgage. She was on hand for support all the way through the process and very helpful in explaining things in a more simple way to help us to understand. She kept in contact with us regularly throughout the process and really made us feel at ease. We cannot thank Amanda enough for her support and help.
Annise M.
I came across Bliss financial solutions by google search when desperately trying to find a mortgage advisor who could do the impossible (secure a DiP quickly, that met my difficult short term self employment circumstances).Amanda from Bliss has been a pleasure to work with. The perfect balance of professional and friendly, incredibly organised and certainly not deterred by a challenge. I’m really grateful for the time and effort she put into my case to allow me to secure the house I wanted within the mandated timeframe. Thank you so much Amanda and Bliss for allowing us to get our new home 💜
heather U.
I just want to say how amazing Amanda at Bliss financial is!!. My partner and I were looking at buying a shared ownership prooerty and everything started happening very quickly ... but Amanda just took over from the start and literally kept me at ease the whole way . Herprofessionalism throughout was second to none and helped with every aspect of the process. Thanks to Amanda we now have the most beautiful home and we will be forever grateful for everything she has done for us. I would 100% recommend Bliss Financial.
charlotte C.
Excellent service. Amanda really took the stress out of remortgaging for us. Highly recommended
Amy G.
Switching mortgages has always been a frustrating and time consuming experience but using Bliss made the process seamless and most importantly stress free! They were excellent and I would highly recommend their services.
Neil G.
Amanda has been totally invaluable through our first home buying journey. Always on hand to answer the hundreds of questions with her excellent knowledge and guidance.I would absolutely recommend Bliss Financial Services.
Matt D.
We have been in our new house for nearly 2 months now all thanks to Bliss Financial Solutions, Amy was amazing sorting our new mortgage out and talking us through everything we needed to know. Very smooth process with good communications. Thank you very much. 🙂
Donna G.
Exceptional customer service, professionalism and market knowledge.
George R.
Really excellent & supportive service from start to finish throughout mortgage process, from initial enquiry through to successful completion, friendly, knowledgeable and always happy to take time to answer any questions - great organisation.
Nella F.
Brilliant lady Amanda, always positive knowledgeable and helpful. Have no doubts in recommending her and Bliss Financial Solutions
Jeff W.
Very prompt and professional team. Helped us out no end! Highly recommended
Wayne C.
I would like to thank Bliss Financial Solutions for amazing, professional and swift responses during the process of my first home purchase.It has been an absolute pleasure each time I have met you and will 100% have no hesitation for contacting you again for future requirements and highly recommending you.
Paul K.
We have recently used Amy at Bliss to help us get a mortgage. After having a stressful time at high street banks and other mortgage brokers, we contacted Amy for help. Amy was absolutely excellent and the work she does is outstanding. Amy went above and beyond and managed to find us a mortgage in a matter of days. Throughout the whole process Amy kept us up to date and managed the mortgage application seamlessly despite a stressful time with other companies. I would like to express my many thanks to Amy and the team at Bliss for being so excellent and thanks to them we now have the keys to our new home.
My experience with Bliss Financial was excellent, everyone went above and beyond. Provided the best advice and more. Our mortgage was sort with out any stress. I will continue recommending to friends a family looking for mortgage advice.
emma W.
First class customer service, highly recommend Bliss Financial Solutions LTD to anyone that values a professional, efficient and personal approach. Being first time buyer my partner and I had very limited knowledge around mortgages and all things connected. Amanda and her team went above and beyond to ensure we understood everything and provided advice when we had any questions with immediate response. Bliss financial limited we thank-you kindly for making the whole mortgage process so easy, you took all the strain off us especially need due to the birth of our daughter 3 weeks ago you made the mortgage process easy and hassle free. I will definitely be a customer for life and if there is anyway I can share your company’s profile on social media please let me know as I would love to recommend your service to others.Many thanks Melissa Hodgson, Andrew and Eloise - three very happy customers 😊
Melissa H.
Amy and the team were absolutely amazing! Nothing was too big. We didn't really know much about the process and Amy explained everything so we fully understood! We couldn't have done it without the team 100% would recommend to anyone! Thank you all so much ❤️
Rebekah F.
We used Bliss to re morgage our property. Amy was absolutely fantastic, made everything feel really easy, she was clear in all her explanations, open and honest with setting expectations, and really knowledgeable. The whole process was really smooth. We also discussed life insurance which was something of a priority giving we had just had a little boy recently. Amazing service. Would highly recommend. We will definitely be using again for any future mortgage or insurance needs.
Lauren A.
Excellent service, they really came to the rescue after being messed about by our current lender, amazing absolutely amazing. Just wish we went to them sooner would have saved a big headache 😃
Michael C.
Efficient and friendly. The team helped source the most appropriate mortgage for us at a very busy and pressured time for interest rates and timeframes. They were very helpful in expediting the completion when our solicitors were holding up proceedings. The little gift afterwards was much appreciated also. Would recommend.
Kirsty T.
Bliss Financials was a vital part of my journey to home ownership in the UK. They always gave personalized yet professional advice and were always accessible and responsive all through the process. They were very thorough, transparent and client centered; offered and discussed all the available options to enable me make an informed choice. I would totally and wholeheartedly recommend their services and I am very grateful to Amy who handled most of the process as well as Amanda and Sophie. Great team/firm!
Nwosa C.
I would like to praise the excellent service of the Bliss Financial Solutions LTD.I have a brilliant experience with this company. I was buying a house for the first time and Bliss Financial advised me on every step of the process (mortgage, insurance), offering me suitable options that I could choose from. I always got great offers and still was in control.All members of the team (Amy, Sophie, Amanda) are brilliant, very professional, friendly and responsive.I am very grateful to Amy (my consultant) as she did help me very much throughout the process, nothing was a problem,I received responses straight away and she also prompted other parties to act swiftly (lender, insurance companies, solicitor, etc.).If I need mortgage or insurance in future, I will definitely ask Bliss Financial for help again.
Michal P.
I am now on my second mortgage which was arranged using Bliss. What an outstanding service. From start to finish the Bliss team were great in answering queries that I had. They even pushed to get me an extension to my offer seeing me secure a great rate before the recent rises. This certainly helped me secure my dream home. I would recommend Bliss to anyone who is after a professional and personable mortgage advisor.
Amanda worked extremely hard and was really efficient is securing a fixed deal for me at a time when rates were being removed across the board. I would recommend them to anyone.
Andrew M.
Excellent from start to finish. Every decision and option were made clear to us about the implications and any questions we had were answered in a timely manner, making remortgaging easier than I imagined it would be. Thank you to Bliss Financial Solutions for excellent service and attention to personal details that really made us feel like our priorities were put first. We will use again at our next remortgage and would recommend to anyone.
Melissa B.
Excellent company, fast and responsive and a professional outfitI appreciate Amy’s swift advice on a deal to secure a good rate 12hrs before the rate changed
Adam L.
What a fantastic service. I contacted Amanda via a friend recommendation. She was friendly and helpful. She passed me to Amy who was my advisor for the whole process.As a first time buyer, I was like a rabbit in the headlights. But Amy reassured me and made the whole thing a breeze, with regular contact and updates along the way.Thank you to you all.Highly recommend 😁See you when it's time to remortgage 😉
Steven R.
We have used Bliss/Amanda for a number of mortgages now and the service has always been second to none!We have had complicated financial situations that the Bliss team have used their extensive knowledge to support and ensure we receive the best product for us.We always recommend Bliss to all our friends and family!Thank you to Amanda, Amy and Sophie
Samantha B.
The staff are amazing and very helpful throughout the whole process, the rates are very competitive and the after sales service is second to none, I would highly recommend Bliss Financial to anyone.MarkAspire Property Rentals
Mark L.
Any Lyons found us an excellent mortgage deal and then helped us through a long complex legal process regarding the house. She was there for us all the way through keeping us informed and chasing up when there were delays, Thank you Amy and her team.
Ken W.
Amy has been amazing from the start of our process as first time buyers until completion. We had a few delays along the way due to waiting on a new build but Any was there to guide us through every step of the way to help us rearrange another mortgage and kept us regularly updated on the process. I have already recommended her to friends and family and wouldn’t hesitate to use her again when we remortgage.
Melissa N.
Really happy with the service from Amy and Bliss Financial Solutions - Amy made sure everything was as straight forward as possible, was super communicative and really easy to deal with. Would not hesitate to recommend them.
Rachael G.
Amanda was very helpful. Gave advice over a number of options for my situation. Many other companies didn't even bother calling me back. Will definitely go back to Bliss again in the future.
Lesley C.
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