Monday, October 8, 2018

Question about remortgage valuation?

Currently refurbishing a 70's bungalow.
Its been completely stripped out to a shell, the whole left hand side has been rebuilt and is almost liveable minus the appliances, the right hand side is being extended by 2.5m then we will start rebuilding that side. However we're currently on a variable rate mortgage and want to get onto a cheaper fixed, but at the same time we would like to reportage for a higher amount to help with refurbishment costs, but are slightly concerned that the valuation done will be really low as its not finished and isn't liveable? Is this the case or will they take it with a pinch of salt and see proposed drawings.
Thank you inn advance.

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