Loft Conversion Financing

Most people don’t have a lump sum available to pay for their entire loft conversion through savings – luckily, there are a number of options that you can look into to build the loft conversion. Unlike other high value purchases such as cars or holidays, a loft conversion offers a fantastic return on investment (ROI) and can significantly increase the value of your home. This means that taking out finance to complete your loft conversion can often be a financially intelligent decision.

Releasing Equity or Re-Mortgaging

If the fixed term is coming to an end on your mortgage agreement, it can be a good idea to increase the mortgage amount or even release equity from your existing mortgage.

Mortgage rates are at a historical low, which means that it’s a good time to look at this option, However, it can be difficult to secure a good rate (depending on your finances and equity amount).


Personal loans are also an option – this would mean that you pay off your loft conversion a lot faster. While loan APRs are higher than the interest rates on mortgages, you may end up paying off less in the long term depending on how long you borrow for. Your choice depends largely on how much you want to pay for it each month and your credit report (ie. how realistic each option is).

Credit Cards

If you don’t get an interest free offer, credit cards are ultimately the most costly option. If you do manage to get an interest free card, in many cases a single card won’t cover the entire build. However, it’s a good option for clients who have some savings but need to supplement that amount – especially if they plan to pay off the full amount before the introductory offer ends.