I'm not 100% sure I'm wording this correctly but I am going to try. I know after extending/developing and therefore increasing the value of a property you can have it valued again as obviously the LTV has changed. I have a few questions:
- What benefit would there be in doing this?
- We're on a fixed 4 year rate anyway, is it worth it?
- If it is worth it, how do we do it?
Thank you