£1M of Capital Raised for Combined Home Renovation and Remortgage

Image of £1M of Capital Raised for Combined Home Renovation and Remortgage case study.

Have you considered funding home renovations by remortgaging? This can be a very economical route to use. Remortgaging allows you to release equity towards home improvements at low interest rates.

To discuss this or any other large mortgage case, please contact us.

Case profile

Our clients were looking to remortgage their £2.5M home and raise additional funds for home improvements. We assessed the maximum borrowing threshold and included it in their remortgage application.

The sole earner had no track record of earnings in his current position due to recently changing jobs. However, he could demonstrate a strong history of high salaries working in the same industry, providing lenders with some level of comfort.

Our clients sought an interest-only mortgage to help match cash flow effectively. To further complicate the case, the property in question had an atypical setup due to two outbuildings being rented out as holiday lets. Few lenders are happy with this.


We utilised our relationships with the handful of lenders suited to our clients’ profile and requirements and contacted them to compare rates and terms. To strengthen our clients’ case, we highlighted their extensive experience within the same industry, using their CV alongside historical income documents to demonstrate similar earnings within their previous roles. We also obtained a letter from the Financial Director to confirm our client’s new income.

A private bank was willing to offer £1.25m, providing our client with a loan-to-value of 50%. This was ideal as it provided the funds, they wanted for the home improvements. The bank provided the mortgage on an interest-only basis at a low fixed rate over five years. As usual with fixed rates, there were early repayment charges, which was fine for our client as he had no intentions to move home in the next 5 years. Their long-term plan was to use profits accrued from some holiday let properties alongside their pension to repay the mortgage and downsize to a smaller home in retirement.

To discuss this or any other large mortgage case, please contact us.

Return to Our Case Studies

Our insights

We are the UK’s leading specialist in delivering innovative and bespoke financing solutions to global clients.


Specialists in creating innovative and bespoke funding solutions.

Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk. The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Largemortgageloans.com Ltd is a licensed credit broker, and not a lender.

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.