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Homeowners: should you move or improve?

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Written by: Christina Hoghton
13/03/2018
More people than ever are choosing to improve their existing property instead of moving to a new home, but what are the financial considerations?

Should you stay or should you go? It’s the question on the minds of many homeowners as we enter the busiest time of year for home improvement loans and mortgage applications, according to Freedom Finance.

This is when Brits turn their attention to their homes, but should you look for somewhere new or improve on what you’ve got?

Andy Fisher, managing director of the lending platform, said: “For some people, simple renovations can add a huge amount of value to their property, while for others, it will be best to look for something new. However, it is not always easy to know which is the right path to take.

“There are many things to consider and it’s important to arm yourself with the relevant facts to ensure you make an informed choice.”

Freedom Finance has listed the key considerations when making this big decision:

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