2 Feb 2024
Looking to Extend?
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.
Recent posts
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
Delayed Start Mortgages
14 days ago
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
Green Mortgages | Rewards and Benefits
16 days ago
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
When will mortgage rates fall further?
26 days ago
Analysts are predicting further rate cuts this year, with the next one possibly coming down to 4% when the Bank of England’s Monetary Policy Committee meet on Thursday 7th August 2025.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
More information
Trusted by
