Hi all, i will try to keep this as brief as possible and would love some advice from anyone on here with a little more knowledge than myself...
I bought a house 2 years ago which was in quite a bad way but had a lot of potential.
Over the last 2 years i have been improving parts of it without spending a fortune because i knew i wanted to extend in the future
I have finally got the planning accepted and as i am a bricklayer i am wanting to get on with beginning the extension. However, my fixed rate mortgage deal (5.99% with natwest) comes to an end in April and i am fairly sure that the home improvements have bettered my LTV to allow me a much better rate.
My question is; should i begin my extension (i.e digging footings and beginning to build) or would this lower my LTV for when i apply for a better mortgage rate in April as the garden will be in a poor state?
Thanks for any advice, Matt :)
I bought a house 2 years ago which was in quite a bad way but had a lot of potential.
Over the last 2 years i have been improving parts of it without spending a fortune because i knew i wanted to extend in the future
I have finally got the planning accepted and as i am a bricklayer i am wanting to get on with beginning the extension. However, my fixed rate mortgage deal (5.99% with natwest) comes to an end in April and i am fairly sure that the home improvements have bettered my LTV to allow me a much better rate.
My question is; should i begin my extension (i.e digging footings and beginning to build) or would this lower my LTV for when i apply for a better mortgage rate in April as the garden will be in a poor state?
Thanks for any advice, Matt :)