Where to get a renovation mortgage
4 years ago
last modified: 4 years ago
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- 4 years agolast modified: 4 years ago
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Advice on where to move the staircase and other renovations
Comments (2)Move the stairs so they run alongside the utility wall - replacing the bathroom space. Then you get a hall from the front entry giving direct access to the kitchen. Hall storage can fit under the stairs near the kitchen. Upstairs, I would utilise the old stairwell and landing as ensuite and walk through wardrobe for the master bedroom., if you can sort out drainage ( you may be able to run it down to the downstairs hall and box it out) Expand the old w/c into a bathroom - you may be able to extend the bathroom over the stairwell a bit, if the downstairs stud is high enough. I've attached a picture, but I can't get it to show big unless you click on it.......See MoreFirst house renovation, where to start?
Comments (16)Hi Shelley, In which case, I am not a professional but based on our experience my advice would be as follows; If you know you are going to extend then you will have to have an architect's drawing firstly for your builder (so he knows what to do and is the basis of the contract between you) but also for buildings regs and potentially for planning if the work doesn't fall under permitted development. You then have a choice on how to go about getting the drawings; Firstly you could use an architect and they will help you design the layout of the downstairs and the extension with all of their skills and knowledge (which they've spent many years gaining) and you'll pay accordingly for this service. They will be your creative input and I would expect to pay around 10% of the costs of the work to have that although it varies significantly so definitely get a few different quotes! Key questions we found useful when comparing architect's quotes; Does this include a survey (so they can get a super accurate floor plan of what's already there, so they can draw extensions etc- very different to a buildings survey) or would that be in addition? Does that include structural calculations or will that be in addition? (Ours were £1,200 on top) Does that include buildings regs submission or would that be in addition? (Ours were £500 on top) Does that include planning submission? (we didn't need planning) Alternatively you could work with a concept planner (like OnePlan or we used Gina from create Perfect on here, who I couldn't recommend highly enough) for your creative input, to decide what space you want downstairs and then just bring in an architectural technician to do you a set of drawings based on what you already know you want, lessening the emphasis on their input and certainly in our experience significantly reducing costs (we only paid £500 to our architect for plans as Gina had already done the design work- however (!!!) we were only remodelling not extending so didn't need to consider how it would look from the outside, which is where an architect or architectural technician would come into their own) Before you start anything, especially as you need to rewire etc I would personally get everything planned out, so you know the design of your kitchen, how each of your downstairs rooms will be used etc. It's SO tempting to want to get started but having everything planned out first, even down to where your pots, pans and dishwasher will go before you do anything downstairs will be the best thing you could possibly do for your enjoyment and bank account :) Make sure you have done the plan for your lighting, heating and electrics well before you start doing anything- there is nothing more frustrating or costly than doing the building work, then deciding on the specifics of your kitchen, utility or living room and realising your electrics aren't in the right place and you've got to have wires sticking out or extension cables etc! If you make all the decisions up front (even down to where you want the TV in the living room) you can have all your wiring and plumbing etc integrated and then nicely plastered over so you don't end up with ugly pipe work and electrics, or worse still having to amend your designs to fit around what you've got! Even if you decide to do the interior design yourself make sure you come up with a lighting and electrics plan that has all the detail on it and you can hand to the electrician! It will save you a lot on the long run! If you go with the architect route and are thinking of using a concept planner like OnePlan as you mention in your previous comment then whatever you do, don't wait until after the plans are done- get her on board now so she can help work with the architect! Also ask about her costs of a lighting and electrics plan for all rooms if you're not confident to do it yourself. As with anything definitely shop around and get two quotes for anything and make sure you know what you're getting for your money. As I mentioned before we used Gina from Create Perfect and she did all of our concept planning plus lighting etc, so I'd highly recommend her also when you're looking at different quotes. Key questions we found helpful to ask a concept planner when comparing quotes; What will I physically get at the end of the process to use with my trades? Will you be available to help me as the work progresses and how will I be able to contact you? What trade discounts can you pass onto me (this is a BIG one and saved us thousands!!!) Can you do my lighting plan? What's the costs and what will I get at the end of it to give my builder / electrician ? Will you come to my property to view it and see the light / plot / views to incorporate into the design and if so what's the cost of this? Also go with your gut- it's a brilliant but daunting process and you really need someone who you really like and click with you wants to help you and cares about your project! :) Hope this helps! Claire...See MoreHelp, I need to renovate and don't know where to start.
Comments (3)Hi Diane Unless your work is structural you needn’t get an architect involved, and I may be able to help you. I’m an interior designer and am based just a few miles from SE25. I’d be happy to come round for a consultation. DM me to express your interest and get your home sorted....See MoreMortgage for an renovation project
Comments (5)Hi there Lianne, I enquired with our finance team and they have offered me some advice to share with you on the above. Not every high street lender will offer a house renovation mortgage but this is dependant on whether the property is habitable or not. If the property is habitable, there are specialist loans designed to fund renovation projects with funds released in instalments as the renovation works progress. If the property is uninhabitable, your options are more limited and you’ll need lenders who offer self-build mortgages / bridging loans. A bridging loan can be an alternative to renovation mortgages which is a form of short-term finance that “bridges the gap” before you’re able to secure a conventional mortgage. There are many more elements to consider but if you would like to chat with a RESI financial advisor to discuss this further for free, you can book in some time to chat here. Our team will be more than happy to help. Have a lovely day. Brid...See More- 4 years ago
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Alex Hills