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How to fund a home extension

clodaghh · 2014-09-06 08:34:34

Im looking to build an extension onto my house which i have been living in for 10 years. my question is how should i fund it. the cost of the extension is approx €22,000. I have saving that would cover this but it would mean depleting my savings. Id be more than willing to fund 40-50% of the build from my savings but would…

06-09-2014 8:34am

#1

clodaghh

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Join Date: September 2014

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Im looking to build an extension onto my house which i have been living in for 10 years. my question is how should i fund it. the cost of the extension is approx €22,000. I have saving that would cover this but it would mean depleting my savings. Id be more than willing to fund 40-50% of the build from my savings but would be very apprehensive using all my savings. What would be my best way to fund the other 50%? Approach my existing lender? Shop around? credit union? Id appreciate your advice on how to proceed with this?

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Comments

#2 06-09-2014 11:47am

unclebill98

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clodaghh wrote: »

Approach my existing lender? Shop around? credit union?

Any of those would be a good start. HI is a common loan and if you have the quote showing you are willing to fund 50% its a very appealing loan to any band/cu.

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