We need more space so will the bank lend to us to build an extension?

We are a family of five and had been considering moving from our family home to a bigger property over the next 12 months. However, having spent so much time at home recently we have decided we actually love our home and all we need is a bit more space, so we are considering an extension. I think it could cost between €60,000 and €70,000.

Rather than take a personal loan to fund an expensive project like this, what you are suggesting could be better served by releasing some equity from your current property, maintains chairperson of the Association of Irish Mortgage Advisers Trevor Grant.

• • July 04, 2020
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