New product to the market - possible help for people who cannot borrow enough?

nrsql

Still interested to know how they calculate the value of any improvements.
Do you have to get the property valued before and afterwards (at your expense?) and that gets included in the contract? Probably also have to get solicitors involved for that too.

jamesd

The initial valuation is at the start of the mortgage. You need to pay for another valuation at sale or if you want to pay off some of the portion at the lower interest rate. Part of the task of the valuation is to determine how much of the new valuation is due to the improvement.

nrsql

OK - guess that will work.
Would be benefit in making sure that any improvements were better maintained than the rest of the property to maximise their effect on the value.

thanks.