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Home Improvement Mortgage (IHIM)

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Who is the Ideal Home Improvement
Mortgage for?

The ideal Home Improvement Mortgage is suitable for:

  • People who wish to borrow money to buy a habitable property and carry out some refurbishment work to the property. The work can be remedial or essential, structural or cosmetic
  • RenovationPeople who already own a property and want to carry out some refurbishment work to the property. Again, the work can be ‘light’ cosmetic home improvement work, or essential refurbishment
  • People who want to buy an uninhabitable property and renovate it
  • People who wish to extend their current home, including conservatories, granny flats, loft conversions and basement conversions

What kind of work is an Ideal  Home Improvement Mortgage suitable for?

It is worth having a full survey done on any property you are buying to refurbish. A survey will provide you with a list of exactly what has to be done and the likely costs involved. If you don’t, you may never know just how much work really needs to be carried out!

The Ideal Home Improvement Mortgage is suitable for all refurbishment work – structural and cosmetic. The following (not exclusive) list illustrates the type of work which may need to be carried out:

  • Underpinning and stabilisation of foundations
  • Damp
  • Wood rot
  • Woodworm
  • Lead piping
  • New windows
  • Asbestos
  • Condensation
  • New plumbing and central heating
  • New kitchen or bathroom
  • New floors
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