Hi All
First post and straight to the piont....I'm thinking of remortgageing to build an extension on the house.We had approval in principle for a mortgage of €450K when we were thinking of moving but lost out on the property and have now decided to stay where we are and extend.
The current mortgage is €275K and we were going to seek an additional €100K to consolidate a €20K personal loan and €80K for the extension.
The house has been valued at €350K anyone loan more the current valuation? Will it be taken into account that the extension will increase the valuation?
Thanks for any help in advance