Double your house for half the money....

[Cornonthecob]

When the owners say they have £150,000 etc to spend ,000 do you think that's their cash savings or money from equity, bank?....

Oh watching this from late record, see where the £150,000 is from with tonight's episode but still same question with others?

I would have thought most of it would have been loan with the rest possibly savings. I mean, not that many people have £150,000 sitting sround.

My husband gets rage every time this house is on because Sarah Beeny basically says oooh you have spent 50 quid and now your house is worth 3 million pounds!!!!!!!

Disclaimer: Yes I know I am exaggerating in the name of lighthearted fun, some of these have watched and thought move from London and buy a whole castle near Sheffield instead ;)

I always wonder how then have that much money to spend

Remortgage I would guess in most cases. Plus savings.
Tbh most of them would need to move if they didn't so the work so I guess have been saving for that.

I like this program!
Is it back on? Which channel?

Channel 4. Was on last night Hex

I felt really sorry for the bloke in this weeks, didn't sound like he had a say in much of his house planning/designing; it was all his wife and mil. Well, he was allowed to choose tiles in the hallway.

I think they have remortgaged/taken a loan. Afaik, you explain what you are doing for the renovations and the bank takes into consideration the value it will add (also it could make the house too expensive for the area and therefore difficult to sell later). That's what my friend had to do anyway, including providing project plans and checking in with them to release more money at different stages of the build rather than a lump sum.

What really annoys me is in location location location when they say a house is 50k cheaper than the previous one (for example), so there will be money left to renovate. Er no, not if you are getting a mortgage for the purchase.