Hi
I hope to buy a house in around 6 months time. I'm looking at 3/4 bed semi detached houses in Cork. We will have c. 10% of the purchase price in cash.
Based on talking to several banks getting a mortgage shouldn't be a problem.
My query is: how do different banks treat a proposal to buy and renovate/extend immediately.
AIB: Will lend 92% of purchase price plus 92% of 75% (i.e. 69%) of the cost of extension/renovation.
Does anyone have experience with other banks' guidelines for this situation?
I hope to buy a house in around 6 months time. I'm looking at 3/4 bed semi detached houses in Cork. We will have c. 10% of the purchase price in cash.
Based on talking to several banks getting a mortgage shouldn't be a problem.
My query is: how do different banks treat a proposal to buy and renovate/extend immediately.
AIB: Will lend 92% of purchase price plus 92% of 75% (i.e. 69%) of the cost of extension/renovation.
Does anyone have experience with other banks' guidelines for this situation?