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The original was posted on /r/ukpersonalfinance by /u/bluekipper92 on 2023-07-02 23:27:25+00:00.

Had a builder give us a £70k quote (nothing negative here, reputable and quality guy) for what would be the type of renovations that turns our current ‘first home’ to a potential ‘forever home’. Bought just a month shy of covid hitting so was fortunate in getting 5 year fixed rate at 2.9% and purchase price (circa £250k) is now value around £310k. Will only be able to raise £20k in cash so what’s best to do, remortgage, personal loan, or don’t do it?!