Funding an extension, need to remortgage, need advice.

[sweetkitty]

Our desperately needed extension is about to start but we don't have enough money to finish it do will need to remortgage to finance it.

For example, the extension is going to cost at least 50K, we have 25K in savings, I don't think we have enough equity in the house to borrow the money just now so will have to wait until the build is in progress. Worse case scenario is we use 0% interest credit cards to get it built then remortgage.

When do you remortgage? When it's wind and watertight?

We probably have about 15-20K in equity, the extension will probably add about 60K to the value of the house at least.

Not even started and I'm stressing!

Ok I'm just looking at this and that's got to be a hefty extension. Typically an extension costs between 15-40k, 15k would be your small single storey (i.e. 3 x 3 metres). Might not be of use now, but get a few quotes before you sign a small works contract, I work for a construction company so just some friendly advice.