Hodge case study

Improve not move

Pete, a 56-year-old who has always worked from home lives with 48-year-old Vicki, a HR partner for a large bank. Vicki used to commute 40 miles-a-day to work but now works from home most days and will continue to do so. Pete has a small home office and Vicki works from the kitchen table, something they want to change.

They wanted to create a second home office, planning to extend their kitchen to include a permanent working space at a cost of around £60,000.

Their home is worth £350,000 with a current mortgage of £230,500, or 65% LTV. They were desperate to do the extension but didn’t want to over stretch themselves. Ideally Pete and Vicky wanted a repayment mortgage as this is their forever home so they had no plans to downsize – find out how we helped make their dreams reality by downloading the full case study here.