How do I get the funds to use and pay for my dormer loft conversion?
Funding for your loft conversion can be obtained in the following ways:
- You can re-mortgage your home. To do this, you must have equity in your home for the amount you need to borrow, including a deposit.
- If you have savings, you can leverage those to allocate to the cost of a home renovation. Savings is the cheapest way to pay for a loft conversion as you are not charged bank interest. You could also look into a credit card reward or cashback deal to pay off the balance if your savings are not enough to cover the full cost of the dormer loft conversion.
- You can take out a personal loan if you have a good credit history. It is cheaper than re-mortgaging but you have to consider if you can afford the monthly payments on top of any financial commitments you have.
- You can pay for your project in instalments. We can sit with you and map out a payment structure starting from the first stage of the project and finishing before the final stages.