Need some borrowing advice please-loan Vs addtional on mortgage?

ferry

Firstly,sorry for the longish post!We need some general advice....
I know from reading other posts here that taking out additional borrowing on our mortgage is generally not the best idea but I want some advice on if this the best option for our particular case.
We need a car and to do some general home improvemants and would like to borrow a further 10k to do this.I have a 5k CC debt and no other debt.
Our fixed rate mortage is with the C&G and stands at £110k(about 5.75% I think) against a property worth £260k approx.14years to go.
My idea would be to take out the additional 10k on our mortgage as we have a low LTV,pay off the 5k CC debt (and of course tear it up) buy the car we need and do the home improvements-against an unsecured loan that would be around 10% but for a shorter time though).
Then when its remortgage time again,do this for the whole lot.I just cant see us being able to save this amount up in a reasonable amount of time.
Anyone see a problem doing this-or am I thinking about this the wrong way and potentially putting our finances and home at risk?
What do we need to be thinking about?

Thanks as usual for the advice
F.

standupguy

You will know adding amounts to your mortgage for short term lending adds more interest in the long term but your LTV is very good and your rationale is soundly thought out for future re-mortgaging.

It suits your cirumstances, Go for it!

ferry

Many thanks for the vote of confidence!

Ferry