“I can’t mortgage at market value unless I’ve done the works.” NOT TRUE 🚫. This one is very context-dependent ➡️ and often misunderstood. Some lenders will lend purely on: - purchase price - current condition Others will consider: - market value - evidence of uplift - recent comparable sales The difference usually comes down to valuation methodology and lender approach, not just whether you’ve physically done work. This is especially relevant for: - inherited properties - long-held assets - below-market purchases - Auction purchases If you’ve assumed your property won’t value higher just because no works were done, it’s worth understanding how different lenders look at it.

Posted by Rob Peters at 2026-02-13 08:03:04 UTC