Lending against Uplifted Value following Refurbishment Works
Our standard acceptability
Indicates if a lender can potentially offer a remortgage and use the uplifted value of the property following recent works of improvement. For example Jon purchases a property for £150,000 and spend a couple of months doing the place up following which the property is now worth £250,000. Jon now wants to find a lender who will allow him to raise capital based on the new enhanced value.
Family Building Society will not use the uplifted value in this situation.Criteria categories:
29 August 2018