Thinking about renovating your home? A remortgage for home improvements can be an effective way to fund upgrades, extensions, or modernisation by using the equity already built up in your property.
At Empire Mortgages in Dunfermline, we provide expert, whole-of-market remortgage advice to help you raise the funds you need for your project in a sensible and affordable way.
A remortgage for home improvements involves switching your existing mortgage to a new deal and borrowing more than you currently owe. The extra borrowing is released as a lump sum, which you can then use to pay for your renovation work.
Instead of taking out separate personal loans or high-interest credit, you use your home as security to access potentially lower mortgage rates. This can make larger projects more affordable over the long term.
Homeowners commonly remortgage to fund:
Empire Mortgages will explain how much you may be able to borrow, how it impacts your repayments, and whether it’s the right option for your circumstances.
There are several reasons why a remortgage is often considered for funding property upgrades:
However, increasing your mortgage is a significant commitment. Our advisers will always talk you through the pros and cons before you make a decision.
How much you can raise via a remortgage depends on several factors:
For some clients, a straightforward remortgage is best. For others, alternatives such as a further advance or second charge loan might be more suitable. Empire Mortgages will review your individual situation and explain the options clearly.
When you arrange a remortgage for home improvements, your funds can typically be used for a wide range of property-related projects, including:
We always recommend having a clear project plan and realistic costings before deciding how much to borrow.
At Empire Mortgages, we specialise in helping homeowners find the most suitable way to fund their home improvements. That may be through a remortgage, a further advance, or another form of borrowing – our advice is based on what is right for you, not the lender.
You can expect:
We make the remortgage for home improvements process clear and manageable from start to finish.
We follow a straightforward process to help you secure the funds you need for your project:
A remortgage for home improvements is not the only way to raise money for renovations. Depending on your circumstances, other options may be worth considering:
Further Advance – additional borrowing directly from your current lender, often on a separate rate.
Second Charge / Secured Loan – a separate loan secured against your property, alongside your existing mortgage.
Personal Loan – unsecured borrowing for smaller projects, usually at higher interest rates.
Each option has different implications for cost, flexibility, and risk. Our advisers will compare the options for you and help you choose the approach that best fits your plans and budget.
Based in Dunfermline, Empire Mortgages serves homeowners across Fife and the surrounding areas, including Kirkcaldy, Glenrothes, Cupar, St Andrews, Leven, and beyond.
We combine local property market knowledge with whole-of-market mortgage access, ensuring you receive advice that reflects both your financial position and local house values.
Whether you are planning a new kitchen, a loft conversion, or a full renovation, Empire Mortgages can help you explore whether a remortgage for home improvements is the right way to fund your project.
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Yes. Many homeowners remortgage to release funds specifically for renovations, extensions, or upgrades, subject to lender criteria and affordability checks.
This depends on your property value, existing mortgage balance, and affordability. We will help you calculate what is realistic and responsible.
In many cases, yes, because you are borrowing more. However, if you secure a lower interest rate or adjust your mortgage term, the impact on monthly payments can vary.
Not always, but for larger projects such as extensions, lenders may ask for evidence of planning permission or building control approval.
Most remortgages take around 4–8 weeks, depending on the lender, valuation process, and legal work involved.
No. A remortgage for home improvements is a standard mortgage product. Traditional equity release and lifetime mortgages are different products, usually aimed at later-life borrowers.
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The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Empire Mortgages Ltd is an Appointed Representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority. Tenet Lime Ltd is entered on the Financial Services Register (www.fca.org.uk/register) under reference 150643.
Empire Mortgages Ltd may charge a fee for mortgage advice. The amount of the fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity. Our typical fee is £295 payable on receipt of a full mortgage offer.
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Registered office address: Unit 9, Flexspace, Pitreavie Business Park, Dunfermline, KY11 8UU
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