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remortgage for home improvements versus credit card?

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pinkdragon77
pinkdragon77 Posts: 7 Forumite
in Mortgages & endowments
am a bit new to all this mortgage malarkey - i have just bought a house and now want to rewire and add new kitchen and bathroom. What's the best way to fund this - add onto mortgage or go for low interest / 0% credit card? I have people telling me both!

thanx for help

Comments

  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    Contact your existing lender and ask them for a further advance.

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • wecanhelpu
    wecanhelpu Posts: 630 Forumite
    JoeK wrote: »
    Contact your existing lender and ask them for a further advance.

    JoeK


    If you've got enough equity.
  • pinkdragon77
    pinkdragon77 Posts: 7 Forumite
    what are the arguments for doing that versus a credit card? Just affordability as i guess will cost less monthly?
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    How long will it be before you end up having to pay interest on the credit card that will be a lot more than the mortgage rate.

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
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