Unless you have just won the lottery or have just had a bonus from working for an international bank in London, you are going to have to take out a mortgage in order to purchase your dream modernisation project. The received wisdom is that by taking out a mortgage which is several times your annual salary, you will leverage your purchase power which will repay you dividends when house prices continue to rise, as all home owners hope they will do. Clearly the flaw is that if house prices fall dramatically, you may be left with negative equity.

For comparisons of mortgage lenders there are plenty of websites you can search.

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