mindy Posted November 18, 2007 Report Share Posted November 18, 2007 Hi all I have a 2 bed house that it quite on the large side and have rented it out for 3 years. all the houses along the street have benefited from extensions and i was considering extending and turning it into 2 2 bed flats. I dont really know how this would work with the mortgage company. Do i have to come up with the funds for the work first then remortgage as the 2 flats would be worth a lot more than the house and would have loads of equity in it, or would the mortgage company loan any money for the works to be carried out? Has anyone any experience on this or any advice to give, it would be most appreciated. Cheers Mindy Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted November 18, 2007 Report Share Posted November 18, 2007 Speak to them and Ask :!!! They will let you have further borrowings from equity ...but prob not from "non existant" equity ...you may be able to get staged payments ... S Link to comment Share on other sites More sharing options...
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