Renovation Mortgage: Do You Need One?

Renovated cottage with twisting roof
A renovation project can be a step into the unknown from a financial perspective so it pays to have your renovation mortgage in place (Image credit: Simon Maxwell)

A renovation project has the potential to be an expensive experience, with old houses throwing up all sorts of surprises — not all of them welcome. Even those entering their house renovation with some sizable savings, for most people it is necessary to look at a renovation mortgage at some stage in the project.

Renovators looking at their lending options will find these vary on personal circumstances and the type of project they are carrying out — but a renovation mortgage is definitely worth investigating.

Michael Holmes

Michael is Homebuilding & Renovating's Director of Content, Vice Chair of the self build industry body, the National Custom and Self Build Association (NaCSBA), presenter of multiple property TV shows and author of Renovating for Profit (Ebury). He also runs an architectural and interior design practice, offering design and project management services. He is one of the country's leading property experts and has undertaken over 30 building projects including two self-builds and the renovation of a Grade-II listed farmhouse. 


Michael has presented over 150 property shows for BBC, ITV1, Channel 5, UK TV Style, and Discovery RealTime, including I Own Britain's Best Home; Don't Move Improve; Trading Up; Good Bid, Good Buy; Build, Buy or Restore?; How to Build A House; and Hard Sell.


Michael is also a regular expert at the Homebuilding & Renovating Shows. He has written for leading British newspapers, including The Daily Telegraph, Sunday Times, Daily Express and The Independent and has appeared on news programmes such as BBC Breakfast.