Mortgage increase for extension

Mortgage increase for extension

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Discussion

edition

Original Poster:

957 posts

191 months

Sunday 14th September 2014
quotequote all
Hi,

We are wanting to do an extension on our current house and would need to borrow the majority additionally to our current mortgage.

At the moment we have roughly 71% L.T.V and the house is maybe worth 195k. The extension has a rough cost of 35k, meaning roughly 90% L.T.V. if based on pre extension price. Do they do it on pre or post extension?

Thanks in advance for any help, I will ring our provider up but with it being Sunday they are shut.

edition

Original Poster:

957 posts

191 months

Sunday 14th September 2014
quotequote all
Thanks for the reply. Yes I'm hoping the extension will add at worst the money we put into it so we could keep our L.T.V. figure that I'm happy with....