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
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