Mortgage and Extension Query

lemon26

Good morning MSEers! I've got a query concerning an extension / conversion I'm doing on my house and my mortgage that you'll hopefully be able to advise on.


We bought our house in 2012 and now we're converting and knocking through into the adjoining stone shed, which will give three additional rooms (3.8 x 5.4m living room, 2.4x2.3m study and 2.0x2.3m store), which nearly doubles the downstairs usable space. We're doing it to the best possible quality and have all of the required Building Control approval. We're paying for this from savings, from money remaining from the sale of a previous property.


What I'd like to know is it worth having the house re-surveyed once we're finished so I can maybe get a better mortgage deal? Also, I guess the cost to rebuild will go up (for insurance purposes), so a survey would also cover this?


Thanks!

amnblog

Yes, it sounds like it would be worth considering if the new value can access better mortgage options.

On the rebuild costs speak to your insurers afterwards. Many have a fixed rebuild level anyway which is often enough to rebuild any standard family home in the Country.