Mortgage-backed renovation loan
Finance your renovation backed by your home.
A mortgage-backed loan for full renovations, extensions or refurbishment. For projects and profiles where the bank’s personal loan falls short: large amounts, self-employed, variable income or past issues.
Common use
Full renovation, extension or refurbishment
Collateral
The home you own or a second residence
First review
Value, amount, profile and feasibility
Free pre-assessment
Before promising money, we measure the works, the home and the exit.
Renovation project
Home value
Amount needed
Applicant profile
Blocked project
The works can make sense, but the financing does not always follow.
The real problem
A renovation can increase your home value and still be left without bank financing.
Many renovations exceed the limit of a personal loan: full refurbishment, extensions, energy efficiency or preparing a property to rent or sell. With mortgage security we study the whole deal (property value, charges, cost of works and your profile) before asking for a valuation or extensive paperwork.
01
Project, budget and purpose of the renovation.
02
Collateral value, charges and financial profile.
Common situations
When mortgage-backed collateral opens room to renovate.
Not every renovation needs the same structure: see whether your project calls for more than a standard personal loan.
01
Full renovation
When the project exceeds the usual personal loan limit and you need to finance the whole works.
02
The bank has said no
Self-employed, variable income or profiles without the payslip that traditional banking requires.
03
Refurbish to rent or sell
Adding value to a home before renting, selling or repositioning it on the Costa del Sol.
04
Energy efficiency
Finance insulation, aerothermal systems, solar panels or other upgrades that cut costs and raise value.
The Primeteka process
Fast, explained and without asking for extra paperwork.
The goal is to know early whether there is potential: how much can be financed, with what collateral, what conditions are reasonable and what documentation is needed to proceed.
01
Tell us about the renovation
Project, estimated amount, location, approximate home value and urgency. In a few minutes we have a first picture.
02
Pre-assessment in 24h
We tell you if there is a real option and what range of conditions may make sense before the appraisal.
03
Valuation and offer
We check value, charges, financial documentation and budget to put forward a conditional offer.
04
Signing and funds
If it fits, we support you to the notary and coordinate the release of the capital to carry out the works.
Indicative conditions
The figures are studied against the home, profile and purpose.
These ranges are here to orient you. The final proposal depends on the appraisal, charges, amount, income, history and risk analysis.
Purpose
Full renovation, refurbishment, extension, energy efficiency or getting ready for sale/rental.
Collateral
Main home, second residence, inherited property or a property on the Costa del Sol.
Amount
It can exceed the personal loan limit; it is studied against the appraised value and the financeable percentage.
Profile
Residents, non-residents, self-employed, variable income or cases with issues to be assessed.
Notice
Service subject to review, appraisal, risk approval and a check of charges/documentation.
Documentation
What speeds up the pre-assessment.
-
Renovation budget or description
Even if estimated, it helps size the amount, phases and purpose. -
Property details
Location, approximate value, Land Registry extract if you have it and existing charges. -
Financial profile
Income, activity, current debts and employment or professional situation. -
Goal of the operation
Live better, rent, sell, refurbish an inherited home or improve efficiency.
Pre-assessment
Tell us which renovation you want to finance.
With the type of works, approximate amount, location and home value, we can reply with a first orientation within 24 business hours.
Phone: +34 677 51 91 76
Email: info@primeteka.com
Frequently asked questions
Doubts about the mortgage-backed renovation loan.
How is it different from the bank's renovation loan?
A personal loan usually limits amount, term and profile. Here we study mortgage-backed financing, designed for larger renovations or profiles that do not fit traditional banking.
How much can I get for the renovation?
It depends on the home value, charges, appraisal, amount needed and profile. As a reference, operations are studied against the financeable percentage of the property, not only the cost of the works.
Can I apply if I am self-employed or have no payslip?
Yes, it can be assessed. We review income, stability, charges and collateral to find a viable structure even without a standard payslip.
What if I am listed in ASNEF?
It can also be assessed. Feasibility will depend on the type of issue, the amount, the explanation, the property value and the rest of the documentation.
Does it work for a second residence or inherited home?
Yes. It can be assessed for a main home, second residence, inherited property or a non-resident’s property, especially in Malaga, Marbella, Estepona and the Costa del Sol.
How long does it take?
The initial pre-assessment can be given within 24 business hours. Signing depends on the appraisal, documentation, approval and notary.
What is assessed besides the cost of the works?
The value of the security, the loan-to-value, your solvency and a sensible repayment structure. A renovation that increases the property’s value helps, but the deal is approved on collateral and repayment ability, not just the project.
If the renovation makes sense, it deserves well-structured financing.
Free pre-assessment, no obligation. We tell you if there is potential before asking for extra documentation.