Renovate or move? That can be a tricky question. Mortgage interest rates have risen sharply in a few months and the quotes from contractors have also risen sharply, with the rising raw material prices. It may be cheaper or more practical to sell your own home and move into a new home.
Under certain circumstances it is possible to move your current mortgage with you. This way you can keep the low interest rate on your current mortgage and you can use the equity of your current home to purchase the new home.
Curious if this is possible for you and to further discuss your housing requirements? Make an appointment without obligation with our mortgage advisor.