Are you looking to extend your property? There are many benefits to adding an extension to your existing home. These include:
· No need to relocate
Many people who grow their family feel they need more space and therefore need to move to a house with larger capacity which isn’t always the case. If you have permission to do so, you can extend your existing space in the house you love.
· Your home will gain value
Adding more space to your house has the potential to significantly increase the value of the property.
· Add the space you need
You will be able to add the exact amount of space you need – you can create a spare bedroom, or larger kitchen so the family can all sit down together.
· You are the designer
As with choosing the amount of space you need, the design of the extension is up to you. Maybe there is a view from your home you want to make the most of and you can create a balcony that overlooks it.
· Increased privacy
An extension will often give you more privacy than your standard home – you won’t need to worry about your neighbours being able to see inside.
· Reduced noise levels
An extension can act as a barrier between you and all of the unwanted noises that come from the outside world. This is a particularly good benefit if you live in a noisy area.
· Greater enjoyment of your home
Having more space to enjoy for whichever reason you choose, storage, more living space or an extra bedroom will mean you can really make the most of your home.
In some cases (not all), homeowners and property developers will need to go through a Planning Permission process before making certain changes to or building a new construction on their property. The reason for planning permission is to ensure that any new developments observe planning policies, regulations, and other relevant considerations within the community.
It is essential to speak with your local planning authority early on in your planning, and of course a good architect can help you through the minefield! Rules and regulations can of course differ between regions so you must check with your authority for the most accurate and up-to-date information.
Remember, the team at Mortgage Required are on hand to talk about how you can get funding for your project.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
15 days ago
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
16 days ago
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.
19 days ago
There are millions of homeowners over the age of 60 who are likely to release money from their homes to pay for their lifestyle during retirement giving those who are 'asset rich but cash poor' a way to live out their retirement the way they wish.
26 days ago
The average age of a first-time buyer in the UK is two years older than 10 years ago. This is understandable with managing the cost-of-living and challenges within the economy such as high interest rates making it difficult to get onto the property ladder.
28 days ago
Skipton Building Society launches ‘Delayed Start’ mortgage meaning first time buyers won’t be required to make repayments for the first three months.
According to a survey by Skipton, first time buyers who bought their home in the last five years found that in the first three months of living there, they were spending upwards of £30,000.