Hi all,
what are the criteria for getting mortgage approval for a house extension?
Is it the same process as for releasing equity - i.e. bank will approve some multiple eg. 50% of the current equity in the property.
Or, are other criteria applied as might be the case for getting a personal loan?
thanks,
what are the criteria for getting mortgage approval for a house extension?
Is it the same process as for releasing equity - i.e. bank will approve some multiple eg. 50% of the current equity in the property.
Or, are other criteria applied as might be the case for getting a personal loan?
thanks,