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Original poster

How to fund new floor

41 replies

Neednewfloor · 09/04/2022 06:41

I need a new floor,

Flooring costs £1k
Fitter quoted £2,340

Currently have credit card 0% due to end in June and remortgage due July.

Do i
1, Get a money transfer card now (balance transfer card in June)
2, get a balance transfer now that has a few months 0 purchases and buy floor, spend usual on card leaving cash in bank for fitter?

Which is going to impact mortgage application least?

OP posts:
Silverclocks · 09/04/2022 08:09

Why is the labour so high?. I mean, I know all trades are expensive lately, but how many days does it take to lay a floor?!

MyNameIsAngelicaSchuyler · 09/04/2022 08:12

Save up. Taking on more debt for this is crazy.

Original poster
Neednewfloor · 09/04/2022 08:14

It's the cost of the wood underneath to make the floor level it's very uneven at min.

Thanks all

OP posts:
BarbaraofSeville · 09/04/2022 08:16

That's a good point @Silverclocks. Even at £250 per day, you've got 9/10 days labour there. It's either an enormous floor or the fitters are taking the piss, surely. That's like saying it will take two of them almost a week to fit it, which can't be right.

Have you shopped around OP?

BarnDance · 09/04/2022 08:17

could save but to get that much would take a very long time and would like a new floor soon house is almost finished this is the last thing to do ( currently just have floor boards and rug).

BarnDance · 09/04/2022 08:18

Sorry, pressed too soon.
It will take exactly the same amount of time to pay is back so if that's a 'very long time' then you need to find a much cheaper floor.

BarbaraofSeville · 09/04/2022 08:18

Oh, cross posted. Is the floor levelling included in the labour price then?

Either way, over £3k for flooring is a lot when you're having to borrow the money.

Bagelsandbrie · 09/04/2022 08:18

@Neednewfloor

It's the cost of the wood underneath to make the floor level it's very uneven at min.

Thanks all

There are other ways to make a floor level that cost much less, especially if it’s a ground floor.
astoundedgoat · 09/04/2022 08:18

You’re being had on the coat of labour, and you can’t afford it anyway. You’re looking for instant gratification more than you need a floor. Take your time, save up, get three more quotes and get it when you can afford it.

Octomore · 09/04/2022 08:19

As much as it can be hard to acknowledge that you simply can't afford something, that it's out of your budget - it is something we all have to do. Having a financial cushion in case of illness or unemployment is infinitely more important than a floor.

I'm living in a half done house at the moment, so I get it, really I do.

Octomore · 09/04/2022 08:20

There are other ways to make a floor level that cost much less, especially if it’s a ground floor.

It could be a suspended timber floor even on the ground floor.

Queenoftheashes · 09/04/2022 08:33

We got quoted initially 5.5k for laying a new floor. Some of these people are crooks. It’s now costing £1800. So if you can get it cheaper try that. Lol at the people saying a new floor is a nice to have. We’ve had a hump for a year and tbh I’m amazing no one has been injured. Option 2 looks better to me. It looks like you’d only be putting the actual floor on credit then? Whether it affects your remortgage depends on overall affordability but can you just tell them you’re paying it off with the loan and do that?

Octomore · 09/04/2022 08:39

Sorry but a new floor is definitely a nice to have unless the existing one has holes etc. Also, a new floor doesn't have to mean an expensive floor that the OP obviously cannot afford.

Unless there are people with disabilities in the house, a hump/lump in an old floor isn't going to injure anyone.

roxisolerenshaw · 09/04/2022 09:10

I'd get a 0% credit card on purchases and money transfers with the 0% period extending up to the date when your due to re-mortgage so you're not paying any interest. Just make sure the debt is cleared by Feb 2023.

Octomore · 09/04/2022 09:21

Just make sure the debt is cleared by Feb 2023.

The OP said it would take her a long time to save up, so it will take just as long to pay off. I would interpret that as meaning that the OP is not going to be in a position to pay it off within a year.

Queenoftheashes · 09/04/2022 16:53

Unless there are people with disabilities in the house, a hump/lump in an old floor isn't going to injure anyone

A fatuous comment from one who has never seen the hump/floor and therefore has no clue what they are talking about but for some reason assumes they know better than those who are familiar with the issue

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