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Ideal Home
Ideal Home
Samantha Partington

Should you take out a second mortgage to renovate your home?

Nicholas Mendes Future Plc
Exterior of brick house with bay window

If you're planning on renovating your home, a second charge mortgage might be worth considering.

In an uncertain housing market, with falling property prices and rising interest rates, some homeowners are choosing to take on a renovation rather than move. A survey by mortgage lender Together found that one in 10 households planned to invest money into renovating their home.

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