To get our extension done......(pre Brexit)

[BertieDrapper]

We have about £100,000 in equity in our house. We would like to take about £50,000 out to get a single storey extension done, to add a downstairs utility and loo, extend the kitchen diner and new kitchen.

But I guess I'm concerned about taking extra money on the mortgage and then come Brexit and prices drop (possibly) and we are suddenly in trouble!

Is anyone doing something similar and not even concerned about Brexit?
I know, no one has a crystal ball so we have no clue what will happen... but just keen to hear others peoples thoughts on it?

Are you extending to sell?
If you're doing it for you to live in and you can afford the mortgage payments and assuming that your jobs are relatively secure, then does house prices dropping matter?

Even If you intend to sell.. does it really matter? The house you want will do down by the magical Brexit house price crash figure as well.

long as you can afford repayments and stress test yourself on an interest rate increase. And your job is secure.
Go for it.

If you workfor a European company or a car manufacture I’d hold off till the deal is done.

Both work for investment banks- one Uk and one Us based.... not planning on moving but we got stuck in our last flat (still paying for it now) and just concerned it could happen again!