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Remortgage v Home improvement loans

Kevin23513
Kevin23513 Posts: 1 Newbie
Sixth Anniversary Combo Breaker
in Loans
hi all, we are going to put extension on our home.
could someone advise me on good websites to use to look at which is best to do, remortgage or home loan.
We currently have good equity in home and the approx amount we require is £35k.
thanks

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It depends on your circumstances, the payback period, the period over which you could spread the funds and the rates you can get on each.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Typically in the UK, the most unsecured debt you will get in a loan is 20-25k, some sort of mortgage advanced might well be cheaper given the low interest rates
  • IAMIAM
    IAMIAM Posts: 1,394 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    I think these days mortgages are much cheaper and much more flexible than personal loans 
  • The_Real_Cheddar_Bob
    The_Real_Cheddar_Bob Posts: 542 Forumite
    Seventh Anniversary 500 Posts Name Dropper Photogenic
    Deleted_User said:
    Typically in the UK, the most unsecured debt you will get in a loan is 20-25k, some sort of mortgage advanced might well be cheaper given the low interest rates
    I disagree with this. Income depending, I have seen loans for much more.
    Op it depends what you want to do for home improvements. Any debt to be consolidated?
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