DH and I would like to extend our 3 bed detatched house. It doesn't seem to be in proportion, the upstairs is big and airy but downstairs is an open plan room with living room at front, through to dining table then kitchen on right. Small for our growing family!
Plan (mainly pinched from our friends who have exact house to ours!) is to knock through at the back to make bigger kitchen/diner then small family room. Make the front living room seperate.
Builder friend has quoted at £18k for building work u, we could probably manage this cheaper as DH is primarily a carpenter/joiner but can plaster/lay floors/skirtings/fit kitchen/plumb in appliances. Has done his own extensions with help of builder and electrician dad.
I'm mainly wanting to know if we would be approved for a remortgage, we own just over 50% of our house, currently valued at £235k. Have credit card debt 9k (from when DH work went quiet and unexpected 6 weeks off work with a broken bone!) but we are now paying them off monthly at way over min payment. Would be looking to borrow 25k, to include building work/kitchen and other odds and ends that crop up. Obviously we would firm all these details up before approaching bank but realistically how likely is this to be OK'd? Thanks for getting this far!