Lending against Uplifted Value following Refurbishment Works

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we 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 newly enhanced value.

Policy Notes:

Family Building Society will not use the uplifted value in this situation.

Criteria categories:

• general
• Policy

Last updated:

29 August 2018