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Demolishing home to rebuild - tell bank or not?
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You're all absolutely right, of course! I was just being a tight-fisted 'mony a mickle mak's a muckle' canny Scot!!!!
Can't help it - it's in the blood!
Will do it all by the book - and take out plenty of insurance too! Off to bed early and will say my prayers that everything goes smoothly!
amdMoney can't buy you happiness, but it does bring you a more pleasant form of misery.
(Spike Milligan)0 -
Instead of adding a large extension to our old, problematic home our architect has advised us to knock it down and rebuild from scratch. It'll be cheaper (no VAT) and warmer with lots of space and everything we want!
Now we have got over the shock and are getting our heads around this, we keep coming up with various questions like... should we tell our bank or keep paying the mortgage and say nothing? We will probably manage the new build with our savings and not need to extend the mortgage - have been saving like demented things for 6 years to save up for the extension!
Might have problems remortgaging as my husband is on fixed contracts, interspersed with self employment! If we say nothing who'll know? The plot is worth more than the mortgage anyway as things go. Should we risk it?
It might be odd to see this one back from the dead, but we're considering whether to do the same thing and wondered how it went for you?I thought I was a Money Saving Expert - then someone pointed me at Martin Lewis! Now THERE's an expert!!!0 -
Don't hold your breath - the OP hasn't posted since Nov 2009!
Olias0 -
Streethawk - did you go for it
My mortgage company says they would not find it acceptable.
Self Build Mortgages seem like a real headache!0 -
It was a 6 year old thread!
Jx2024 wins: *must start comping again!*0 -
In prison for 6 years + by the looks of it.0
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