blebo
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Registered: 18th Apr 02
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Right - Mortgage at the moment is peanuts 
I want to re-mortgage and get an extra £20k to convert the attic.
A couple of questions - What’s involved with re mortgaging?
and
Will £20K be enough for a full attic conversion?
Anybody have any experience on either subject?
[Edited on 28-09-2006 by blebo]
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Liam
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Registered: 19th Jan 06
Location: Stafford
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To find out how much for a full conversion, why not ring around for some quotes, that will give you the best idea, i would of thought different companies charge different prices. 
[Edited on 28-09-2006 by LiamD]
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blebo
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Registered: 18th Apr 02
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Just to get a rough idea to see what I need...somebody will know a ball park figure and what is invloved.
Cant beat first hand experiance for guidance
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Liam
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Registered: 19th Jan 06
Location: Stafford
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When my parents looked into they estimated about 20k, so that should be enough really.
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1_Litre_Porsche_Beater
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Registered: 9th Apr 02
Location: Kent
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if you do the work yourself it works out an awful lot cheaper and it is relativly easy.
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Robin
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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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20k sounds like a decent amount to convert a loft. should be easy for that 
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mav
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Registered: 19th Jun 01
Location: Scotland
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Depends what you want to do..
Basic plasterboard/wiring and velux window can do it for about 5-7k....
extra plumbing etc up there will add alot more onto it...
Missus used to work for velux.
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blebo
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Registered: 18th Apr 02
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I guess I would need to...
Knock hole in downstairs wall and erect Staircase and walls.
Fit 2 or 3 velux windows, floor and insulate attic couple of dividing walls and ceiling. lights sockets etc.
Get mains distibution board for electrics upgraded, replace Old Boiler with Combi bolier and remove hot water tank from attic, fit a couple new radiators.
Decorate upstairs, new staircase, livingroom and hall.
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mav
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Registered: 19th Jun 01
Location: Scotland
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Alot more work then than a basic conversion..if you want a staircarse and boilers moved etc...
Missus can fit velux windows when they worked in customer services they got trained to fit them too
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JadeM
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Registered: 9th Feb 06
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I want to remortgage to get a Porsche 911 
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GT4Brody
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Registered: 26th Sep 01
Location: south
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i wish i had a small mortgage 220k is mahoosive....20k should be plenty, get a few qoutes from different builders, dont necessarily go with the cheapest, see which one you would be comfortable doin the work and make sure the price he quotes is guaranteed the price you well pay....
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blebo
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Registered: 18th Apr 02
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quote:
Originally posted by mav
Alot more work then than a basic conversion..if you want a staircarse and boilers moved etc
Want to do it right so that it'll add value to the house...would hopefully make it a 4 bedroom flat and it would only have cost me £46K 
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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what do you want to know about the mortgage side??
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blebo
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Registered: 18th Apr 02
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Whats invloved...Will I need to get my house surveyed/valued..will I need to pay a deposit again...is there any fees etc...whats the paper work like...etc
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Kerry
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Registered: 5th Oct 01
Location: Norwich
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depends whether you want to stay with your current lender or move elsewhere to get a better deal at the same time??
are you tied into your current deal??
a remortgage essentially is moving your mortgage elsewhere, if you want extra funds at the same time if there is equity in your property then you can ask for this too. also if you go elsewhere some lenders offer deals like free valuation ect
If you just want to raise extra funds with the lender you are with currently then every lender has a different policy around this so you are best checking with them. for example some will arrange this free of charge, some will charge, some will charge and also want a valuation done and some lenders wont even be able to accomodate you.
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John_C
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Registered: 5th Mar 03
Location: South east, Bromley
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would budget another 25% as contingency. if you dnt use it jus over pay mortgage
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MikeE
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Registered: 7th Mar 03
Location: Milton Keynes
User status: Offline
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quote:
Originally posted by blebo
I guess I would need to...
Knock hole in downstairs wall and erect Staircase and walls.
Fit 2 or 3 velux windows, floor and insulate attic couple of dividing walls and ceiling. lights sockets etc.
Get mains distibution board for electrics upgraded, replace Old Boiler with Combi bolier and remove hot water tank from attic, fit a couple new radiators.
Decorate upstairs, new staircase, livingroom and hall.
what type of roof you got trusses or a traditional cut rafter roof? this can make a big difference in cost if you are getting a carpenter in to do the carcase of you'r loft conversion.
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