Based in Cork. Serving Clients Nationwide.
We compare the top mortgage lenders to find you the best rates, guiding you from first application to final approval.
A renovation mortgage incorporates the cost of renovations into your mortgage. Have a mortgage already and want to renovate your home? A renovation mortgage will help you make the home improvements you can’t stop thinking about. First-time buyer who found a fixer upper? A renovation mortgage will help you turn your dream home into a reality.
And because lenders consider the estimated value of your property after renovations, not just its current value, you may be able to borrow more and reduce the interest rate you’re currently paying
Why Choose Us
Talk To The Mortgage Architect
Nothing beats choice, flexibility and experience.
Mortgage Consultation
Our mortgage planners will discuss your options, current mortgage offerings and advise you on everything you will need to know about your mortgage journey.
Mortgage Application
Next we will complete your application in full and submit it to your chosen mortgage provider.
Mortgage Approval
This is when your excitement will start to build. Once we have your mortgage approval, the search for your new home begins.
Property Valuation
When you find your new home, a property valuation needs to be completed.
Appoint A Solicitor
When choosing your solicitor always ask for a recommendation from a family member or friend who has gone through the mortgage process. Your solicitor will look after all the legal work involved in buying your new home.
Letter Of Offer
On receipt of the valuation and any pre loan offer conditions, your loan pack will be sent to your solicitor for review.
House Insurance & Life Insurance
Part of getting mortgage approval is to arrange insurance for your new home. You will also need to arrange life insurance.
Exchange Of Contract
When you are sale agreed, the sellers solicitor will draw up a contract and exchange this with your solicitor. Your solicitor will review both the contract and the banks loan offer.
Closing The Sale
Once all is in order with the legal documents, you will arrange a closing date for the sale to be completed by.
Finance Your Home Improvements
Types Of Renovation Mortgages
If something is being removed from or added to the property, such as an extension, you will need a structural renovation mortgage. This requires you employ the services of an architect or engineer to oversee all works and approve the costs.
Let’s say you’re buying a property that is habitable, but needs some upgrades such as a kitchen, new windows, bathrooms or doors before it’s finished. Then you need a non-structural mortgage.
Speak to a mortgage advisor today and build the home of your dreams.
Frequently Asked Questions
Yes, with a purchase and renovate mortgage, you can borrow towards both the purchase of the property and to cover the renovation costs you need to make the property habitable.
Yes, can remortgage or ‘top up’ your existing mortgage to complete works to your current property. This is referred to as an equity release which means you’re borrowing against the value in your home. The additional funds advanced would be added to your mortgage balance and repaid over the remaining or increased term, often at lower rates than personal loans. Lenders will usually require costing estimates or quotes and details of the planned work before approval.
If the renovation works are structural, such as an extension, the lender will usually require planning permission before advancing any approval or release any funds.
Yes, your mortgage lender will release the funds in stages to coincide with the completion of key milestones in your renovation
