We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage revaluation during building extension

Keano24
Keano24 Posts: 16 Forumite
10 Posts
edited 18 January 2021 at 2:37PM in Mortgages & endowments
We are building a two storey side and rear extension on our house. We have already put plenty of our own savings into it and have the shell built with all windows, doors, roof, guttering and facia done. We are at a point now where we will have to now save to complete the rest of it, taking it on a room by room basis which we are content with.

Part of our mortgage is up for renewal now and the other option would be to get the house revalued and borrow additional onto the mortgage as it means we can get it done and finished ASAP.

Regardless of expectations of increases in value, is it possible to get a mortgage and revaluation on a house with a half built extension? And if not, at what point and what position would the house need to be in in order for it to be able to get a revaluation and mortgage on it?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.