Hi all,
As our application to switch from UB to Avant has hit a snag that I don't necessarily think we can resolve in the near future, I'm wondering about top-ups both with UB (I think we might just still have time to apply) and more generally. I know that PTSB have a somewhat punitive rate compared to UB, but that's not what I'm curious about...
Specifically, what extra documentation beyond the usual financial ones are required? We are bringing together savings and trying to get new lending for a substantial refurb/retrofit, so I'm really curious just what documentation regarding home improvements are required. Detailed quotes from builders, or just details of what is planned (so, self-certification)? Does this change depending on the amount requested?
For the record, Avant allow you to self-certify during a switch for up to 20K equity release for home improvements, but the broker said they didn't have a mechanism to top-up for home improvements after drawdown, as yet.
As our application to switch from UB to Avant has hit a snag that I don't necessarily think we can resolve in the near future, I'm wondering about top-ups both with UB (I think we might just still have time to apply) and more generally. I know that PTSB have a somewhat punitive rate compared to UB, but that's not what I'm curious about...
Specifically, what extra documentation beyond the usual financial ones are required? We are bringing together savings and trying to get new lending for a substantial refurb/retrofit, so I'm really curious just what documentation regarding home improvements are required. Detailed quotes from builders, or just details of what is planned (so, self-certification)? Does this change depending on the amount requested?
For the record, Avant allow you to self-certify during a switch for up to 20K equity release for home improvements, but the broker said they didn't have a mechanism to top-up for home improvements after drawdown, as yet.