Remortgaging for Home Improvements in Hove

10 November 2025
Remortgaging for Home Improvements in Hove

Plenty of Hove homeowners decide that improving their current home makes more sense than moving. Whether you are thinking about a loft conversion in Aldrington, a rear extension in West Hove, or a new kitchen in Shoreham-by-Sea, remortgaging can be one way to fund the work.

Here is how it usually works and what to think about before you commit.

How remortgaging for improvements works

Remortgaging for home improvements typically involves:

  • Taking out a new mortgage that is higher than your current balance
  • Using the extra borrowing as a lump sum to pay for the work
  • Repaying it over the new mortgage term as part of your monthly payments

The amount you can raise will depend on your income, credit profile and how much equity you have in the property.

Typical projects in Hove and nearby

Common upgrades include:

  • Loft conversions in terraced streets around Poets’ Corner and Aldrington
  • Kitchen and bathroom renovations in period flats near Hove seafront
  • Garden rooms or offices for remote working in Hangleton and Southwick
  • Energy efficiency upgrades such as insulation and new windows

Improving energy performance can sometimes help with future mortgage options too.

Pros of using a remortgage

  • Interest rates are usually lower than on personal loans or credit cards
  • Payments are spread over a longer term, keeping monthly costs manageable
  • Improvements can increase both the value and comfort of your home

Things to watch out for

  • Spreading the cost over 20 or 25 years means you pay more interest overall
  • The lender’s valuation may not fully reflect the future value after works
  • If you are mid-fix, early repayment charges could ate into the benefit

Always stress test your budget at higher rates to make sure you are comfortable.

Alternatives to consider

  • Further advances from your existing lender
  • A second charge mortgage in certain circumstances
  • Using savings for part of the work so you borrow less

If you are not sure which route suits you best, share your rough figures via our contact page and we can help you compare options.