Should I buy a fixer-upper? | Pocketmags.com

Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 300+ of our top selling titles.
plus Unlimited access to 26000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at £9.99 per month, unless cancelled.
Upgrade Now for £9.99 Learn more
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
GB
Pocketmags Digital Magazines
   You are currently viewing the United Kingdom version of the site.
Would you like to switch to your local site?
Read anywhere Read anywhere
Ways to pay Pocketmags Payment Types
Trusted site
At Pocketmags you get
Secure Billing
Great Offers
Web & App Reader
Gifting Options
Loyalty Points

Should I buy a fixer-upper?

Discover once and for all if you’re ready to take the plunge with Hayley Gilbert’s seven-part guide

READ OUR EXPERT ADVICE TO DECIDE...

Set a budget

✔ Most of us will need a mortgage to fund the project, and there are two main types – fixed rate, where the interest stays the same for a number of years (usually between two and five) or a variable rate where it can change.

✔ A standard mortgage should be fairly straightforward, especially if you can live in the house while the work is being done. You could then take out a loan to pay for the building work and remortgage when the work is complete to pay off the loan.

✔ Another option is a specialist mortgage provider such as Buildstore (buildstore.co.uk), who offers Advance and Arrears Stage Payment mortgages that lend a percentage of the cost of the property with staged payments, which are made either at the start or end of each works. Also, Ecology Building Society (ecology.co.uk) has mortgages for eco new builds, renovations or refurbishments.

✔ Always remember to factor in at least 10% as a contingency for any unforeseen costs – they will happen!

READ MORE
Purchase options below
Find the complete article and many more in this issue of Homestyle - September 2016
If you own the issue, Login to read the full article now.
Single Issue - September 2016
£1.99
Or 199 points
READ NOW
Getting free sample issues is easy, but we need to add it to an account to read, so please follow the instructions to read your free issue today.
Email Address
6 Month Digital Subscription
Only £ 1.69 per issue
SAVE
8%
£10.99
Or 1099 points
Annual Digital Subscription
Only £ 1.54 per issue
SAVE
23%
£19.99
Or 1999 points
Monthly Digital Subscription
Only £ 1.84 per issue
£1.99
Or 199 points

View Issues

About Homestyle

As we wave a fond farewell to summer, this month brings the promise of a fresh start and a clean seasonal slate to inspire a new phase of home styling. We’ve rustled up a whole host of inspiration to spur you on, including how to amp up the texture for cosy, autumn-ready schemes on page 112 and a six-page decorating masterclass starting on page 66, where design guru Emma Fishman shows us how to unleash the potential of our living rooms in her One Sofa: Three Ways series. If all this talk of new beginnings has got you thinking about taking the ultimate housing leap and buying a renovation project, Hayley Gilbert has done all the hard work for you (well, maybe not all...) with her Should I Buy a Fixer-Upper? expert guide on page 72. It’s the ultimate read for anyone who’s teetering on the edge of a purchase and simplifies all the legal bits, plus includes watertight advice from industry professionals. But if you’re more of a turn-key type, we haven’t forgotten you – flip to page 60 for staff writer Abbi’s shopping handbook for furnishing your home from scratch. You’ll also find utterly irresistible décor pick-me-ups in our metallic accessories (p.22), graphic wall art (p.34) and botanical cushions (p.46) bargain buy round-ups, plus four beautiful real homes and three wow-factor room transformations to feast your eyes on. Enjoy.