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Mortgages including improvement costs
wjr4
Posts: 1,353 Forumite
Can you still get a mortgage which includes money for improvements?
E.g. a house worth £215k (not had a valuation yet) and affordability of £245k - can you get a mortgage up to 245k even if the house is worth 215k?
We have seen a nice house but it needs work done to it - probably more than 30k but we would continue saving for the rest of the improvements.
Thank you!
E.g. a house worth £215k (not had a valuation yet) and affordability of £245k - can you get a mortgage up to 245k even if the house is worth 215k?
We have seen a nice house but it needs work done to it - probably more than 30k but we would continue saving for the rest of the improvements.
Thank you!
I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
0
Comments
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No - you cannot borrow more than the place is worth on any mortgage scheme.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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