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mortgage
sasha1167
Posts: 7 Forumite
i got my council house worth 90000 now three years ago for 17500 mortgage over 15 years the house needs upgrading so i need more funds what would be my safest deal
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Comments
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Have you talked to your current morgage lender to see what they can offer? I guess it depends on how much you need to borrow.Debt free and plan on staying that way!!!!0
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Hi sasha,
A lot depends on your circumstances. The value of your property would certainly, on the face of it, allow you to remortgage [or get a further advance from your current lender] for money to upgrade/improve the house. How much would you need to do the work? A lender will usually link the total you want to borrow to how much you earn, typically you can borrow up to 3 to 3.5 times earnings though different lenders have different ways of working this out.
As mummytofour says the first approach should be to your current lender but if that doesn't appeal to you post some more details and I'm sure people will try to point you in the right direction.0
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