Loft conversion

[OpticVA]

We were just about to get a few builders in to quote for a loft conversion before lockdown was imposed which obviously is now on hold. We were hoping to borrow money on the mortgage/use equity to pay for the work but i am now worried due to the COVID situation that the bank won’t lend us the money! Is the bank going to laugh us away for the foreseeable?

Depends on your lender, how much you want to borrow and what your current equity situation is. The only person who can answer your query is the bank, who will do a valuation (likely automated) and let you know on the outcome based on that. I suggest you get in touch with them sooner rather than later.