Is It Better To Extend or Move House?

By Truffle Mortgages

February 27, 2023

As mortgage brokers, we often come across clients who are faced with the decision of whether to extend their current property or move to a new one. Both options have their pros and cons and the decision ultimately depends on various factors such as budget, location and personal preferences.

To better understand whether you should extend or move house, let’s take a look at the pros and cons of each.

Moving House


  1. More Space: Moving to a new property can provide you with more space, which is ideal for growing families or those who require extra space for work or hobbies.
  2. Location: Moving to a new location can provide you with better access to amenities such as schools, shops and transport links. It can also provide you with a change of scenery and a new environment to explore.
  3. Modern Facilities: Newer properties often come with modern facilities and fittings such as energy-efficient appliances, smart home technology and security systems. However, if you wish to take on a project, you can opt for a house that requires a full renovation to put your own stamp on the property.


  1. Cost: Moving house can be expensive because you’ll need to pay for legal fees, stamp duty and removal costs. Additionally, the cost of the new property may be higher than your current property, which could result in a larger mortgage. If you do require a larger mortgage, we would advise that you get in touch with one of our mortgage advisors to discuss your options.
  2. Uncertainty: Moving to a new property can be uncertain because you may not know what issues the property has until after you move in. For example, there could be hidden problems with the structure, plumbing or electrical systems that may require costly repairs.
  3. Emotional Attachment: Moving to a new property can be emotional because you may have developed an attachment to your current property and the memories associated with it. It can also be difficult to leave behind friends and neighbours.

Extending Your Property


  1. Cost Effective: Extending your property can be a more cost-effective option than moving to a new property because you won’t need to pay for stamp duty, legal fees or removal costs.
  2. Personalization: Extending your property allows you to personalize your living space and create a home that suits your needs and preferences. For example, you could create a home office, a gym or a playroom for your children.
  3. Value: Extending your property can add value to your home, which can be beneficial if you plan on selling your property in the future. Additionally, the added space may make your property more appealing to potential buyers.


  1. Planning Permission: Extending your property may require planning permission, which can be time-consuming and costly. Additionally, there is no guarantee that your planning application will be approved. Therefore, careful planning of your extension is required along with the help of an architect.
  2. Disruption: Extending your property can be disruptive to your daily routine because there may be noise, dust and other inconveniences associated with the construction process. Additionally, you may need to temporarily relocate during the construction process.
  3. Space: Extending your property may not be possible if you have limited space or if your property is located in a conservation area. Additionally, the extension may take up valuable outdoor space such as a garden.

What Should You Do? Extend or Move?

Although we can’t make a definitive recommendation without knowing the specific circumstances and preferences of the homeowner, we can offer some general advice to help you make an informed decision.

For example, if you have a limited budget, enjoy your current location and are emotionally attached to your current property, extending your property may be the best option. Extending the property can provide you with more space, allow you to personalize your living space and add value to your home. However, it’s important to consider the potential disruption and cost associated with the construction process as well as the need for planning permission.

It’s worth pointing out that if you have a limited budget available, you may want to consider a home extension loan that we can offer depending on a few factors.

On the other hand, if you have a larger budget or have outgrown your current property, moving house may be the better option. Moving to a new property can provide you with more space, modern facilities and better access to amenities. However, it’s important to consider the costs associated with the move such as legal fees, stamp duty and removal costs.

Ultimately, the decision to extend or move house should be based on careful consideration of the homeowner’s personal circumstances, budget and long-term plans. If you are considering either, feel free to get in touch with us to explore financing options and understand the impact it may have on your mortgage repayments.