If the enhancements have added worth then there may be an improvement in the LTV which should, in flip, improve the mortgage options. Lenders will ask the rationale for elevating capital however should allow equity to be launched – i.e. further borrowing in your mortgage – for the aim of home enhancements. A mortgage cannot exceed 90% of the estimated cost of the reconstruction, restore or improvement works that is, estimated gross value and after deducting grants payable in respect of the development works.

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