A northern based mortgage packaging company Amity has predicted that the number of re-mortgages will double this summer as people capitalise on releasing profits to fund home improvements rather than buying a new home.
They expect people to refocus on adding value rather than moving. They suggest that the average cost to add a new room is £20,000 rather than adding a conservatory which will make your home more pleasant but will not necessarily add proportionate value.
Our view
Sound advice - if you want to add value - add a room!
Visit our site Mortgage Crazy.com for more on property .