With the uncertainty around property, many have been looking to extend property that they already own. Enable’s IFAs in Bishops Stortford can help you look at financing an extension as well as a mortgage if you are thinking of moving or extending your home in 2020.
When looking to extend your property you need to be aware of planning permission. The rules do change and you want to make sure you avoid (unintentionally) breaking any rules when extending or upgrading your property.
Extending your home is one of the best ways to create both space and value, but if you get something wrong you may need to get retrospective planning permission. According to recent research from Churchill Home Insurance, almost 40,000 retrospective planning applications were filed across the UK over the past three years.
In 2015 in an attempt to make life easier for homeowners, the UK Government introduced permitted development rights. They allow certain works to be carried out without the need for planning permission from your local council. But you still need to be careful even if permitted development does appear to apply to your property, some requirements are very specific and if you get them wrong, you could be asked to put in a retrospective planning application.
Whether it’s getting the materials wrong or thinking permitted development applies when it doesn’t, Churchill’s research suggests many people are making mistakes in relation to permitted development.
If in doubt, seek advice even if you are certain you don’t require planning permission for your proposed project, it’s wise to at least put in a call to your local council. That way you will be sure you are doing the right thing. And taking financial advice from Enable’s experienced IFAs can then help you move more confidently with the financial planning of your property extension.
Your home could be at risk if you do not keep up your repayments.