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Mortgage that includes £££ for an extension/reno

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Petunia_Pitstop
Petunia_Pitstop Posts: 4 Newbie
Part of the Furniture First Post Combo Breaker
in Mortgages & endowments
Hi everyone.
Hoping for some advice. Has anyone ever gotten a mortgage that includes budget for a Reno/extension?
Hoping to borrow £150k plus an additional 50/60k for work to the house.
Any thoughts appreciated.


Comments

  • K_S
    K_S Posts: 6,877 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    @petunia_pitstop A remortgage with capital raise for the purpose of home improvements is quite a common scenario. Hope I haven't misunderstood the question?

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, 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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • pramsay13
    pramsay13 Posts: 2,147 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Isn't too unusual although it will depend on the property and the figures.
    You would be better speaking to a mortgage broker.
  • Petunia_Pitstop
    Petunia_Pitstop Posts: 4 Newbie
    Part of the Furniture First Post Combo Breaker
    Thanks both and hoping to speak to an advisor in the next couple of months. I want to sell my current house and buy a new one so I wasn't sure on the best way to finance the improvements. But as you say best to speak to an advisor.
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