Miami8
Registered User
- Messages
- 5
We are in early days of looking for our first house, and having a look at properties in our budget, it is likely we will need to make some improvements to whatever we buy. I understand that lenders won't usually allow an extra (e.g) €50k on a mortgage unless we can show that the value of the property would increase by at least that amount (and that this is difficult to get approval for) . Is there the option instead to take out the mortgage and simultaneously get a home improvement loan for €50k? I know we will need to explore this option with the lender, but just wondering if it is even possible at all, if anyone has any experience/ advice. We can afford repayments, without over-stretching.