PatrickDub
Registered User
- Messages
- 23
Hi All,
I hope this is the correct section.
We are thinking of having a house valued at c700k (valued at E1m last year) renovated. We have a low LTV of about 30%. We hope to put about E120k into the house to have it gutted and completely re-done.
Do the bank simply re-mortgage (assuming it's approved) and give you the funds, or will they only allow you draw down in stages as the work is completed and invoices received from builders etc?
Thanks a lot.
I hope this is the correct section.
We are thinking of having a house valued at c700k (valued at E1m last year) renovated. We have a low LTV of about 30%. We hope to put about E120k into the house to have it gutted and completely re-done.
Do the bank simply re-mortgage (assuming it's approved) and give you the funds, or will they only allow you draw down in stages as the work is completed and invoices received from builders etc?
Thanks a lot.