Funding a renovation project

[dilapidated]

We bought a 2 bed Victorian terrace house that was in need of renovation.
Nothing structural and no major changes. Just full decoration, replacement kitchen and bathroom.
We saved £15k to cover the work.

So far most things are coming out on budget, but there have been a few major plumbing and electrical and damp problems that have come to light since starting which will add another £4k to the work.

The house is not in a liveable state and we are staying with family until the work is done which should be in 4 weeks time roughly.

What would be the best way to finance the shortfall on the renovations? We are expecting a small windfall that would cover the shortfall but not for another 6 months or so. I would put the shortfall on my credit card as it’s has a very low APR rate but trades don’t typically accept payment by credit card.

Is my only hope a loan?

definitely the quickest way- loan apr rates are amazingly low atm, and try and get one with no early repayment charge for when your windfall comes

For that amount of money, a loan would be the best. As said above, rates are very competitive at the moment.

If you get one with no ERC ( early payment charge), you can pay it all back when you get your windfall. Or keep paying the installments, whatever you decide.