Archive for January, 2010

If you are planning a loft conversion it can be very helpful to have some useful resources to help your research.

We have found this useful section of resources that people can have a look at while planning their Manchester loft conversions.

Manchester Loft Conversions Finance

Finding finance or a loan for your Manchester loft conversion does not need to be difficult.  Getting the extra space you need could cost as little as £13k or £28 per week. It depends up on the type of loft conversion you have done but it is a very affordable option.

Re-mortgage Finance. Secured Loans

The most obvious route to follow is a re-mortgage or a secured loan on your property.  This can be a good opportunity to review your mortgage arrangements and ensure that your current deal is still competitive.

Secured lending on property is still one of the cheapest forms of finance available.

Save Money With A Loft Conversion.

Remember that improving your current property could end up saving you a lot of money.  When you compare the cost of moving house and all the different fees involved, adding extra space through a loft conversion becomes a very economical proposition.

If you decide to re-mortgage you will take out a new loan.  This can either be in addition to your original mortgage, if done through the same lender or you may find a better overall deal elsewhere.

If you take out a new loan you will repay your existing mortgage and the balance will be available to pay for your loft conversion.

A Loft Conversion Can Add 20% Value To Your Home.

The good news is that loft conversions, if done professionally, do add value to your property.  If you decide to integrate a new bedroom with en-suite bathroom, many homeowners have found this can add up to 20% to the value of your home.

Property Prices Increase 117% Over Ten Years

Recent research at the end of 2009 by Nationwide building society, has also shown that property prices have continued to rise over the course of the last decade, even accounting for the property collapse in 2008.Prices fell in that year by 16% but recovered in 2009 by 5.6%.

Prices over the ten year period still increased by approximately 117% so property is still a prime investment over the longer term.

Martin Gahbauer is the chief economist for the Nationwide and he said that the increase in 2009 had suprised most commentators on property prices.

Which ever way you look at it, its good news for home owners looking to their property as a prime investment.

If you need further advice or assistance please contact Manchester Loft Conversions for more help.