Loan affordability

Askalaba

There's plenty of loan eligibility checks online. Many of them are extremely easy to use

bouncydog1

Speak to your bank as it’s for your home to see if it’s possible to increase your mortgage to fund it.

melj16

Thanks for the help everyone. I got the £20k loan at 3%....hqppy days!

anto164

Why not get a smaller loan and an interest free ccd? For example 10k on a loan and then a ccd interest free? Thats what we are doing for our extension / kitchen. Got 30k from the mortgage then got a 12k sainsburys ccd to soak the rest up. When the next remortgage come up we'll draw down the balance of the ccd

System

Candyapple wrote: »

It’s also worth pointing out that £23k for a kitchen (yes I understand your reasons why) are very high and unless you are planning for the house to be your ‘forever’ home, then please don’t forget about what the ceiling price would be if your house was to go up for sale in the near future. No point spending £23k if you wouldn’t be able to recoup that loss later.

A home is not an investment, it doesn't matter if it is your forever home or not, you've still got to live in it and it be a place you want to go back to after a hard day's graft. Prices of houses can fall as well as rise. They could spend just a few hundred quid having just the doors replaced, house prices drop in the area and "lose" the few hundred quid investment.