Mortgage top ups for home improvements

R

rocket68

Guest
About 6 months ago now I took out a mortgage with BOI and I am now looking to make some home improvements.

Could anyone tell me if it is possible to get a sort of top up loan on a fairly new mortgage for home improvements? It is a 92% mortgage so the only equity we would really have to release right now would be the initial 8% deposit.
 
As you are already at 92% (or even higher if your house price has dropped in the last 6 months) you will not be able to get a top up on your mortgage unless the home improvements will add substantial value to your home.
You may be able to get up to 92% of the value of your house on completion of the renovations.
 
Ye I thought it might be something like that alright! :(

Thanks for your help anyway!
 
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