Which loan should I take out to fund my renovation work?

Option 1: renovation loan

Attractive terms
No new mortgage: if sufficient equity has been released, you don't need to apply for a new mortgage and you won't pay any additional notary-public's fees, just a loan origination fee
Tax breaks: a renovation loan is a new mortgage loan. When renovating an investment property or holiday home, the principal repayments may qualify for tax relief under a long-term savings scheme and/or the interest for standard interest relief

Ability to work out and apply for your loan online
Opportunity to spread the cost
Fixed repayment schedule (you know exactly how much you have to pay and for how long)
No invoice needed as proof

If you’re planning renovation work, Setle allows you to work out your renovation costs and subsidies free of charge and without any obligation.

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