three yr fixed rate morgage

sasha1167

i got my council house 5 yrs ago fixed rate for three yrs i bought it for 17500 it is worth 90000 plus now what deal is best for home improvements and will i be able to get a loan on top of my mortgage i earn around 14000 a year thnx

sasha1167

sasha1167 wrote:

i got my council house 5 yrs ago fixed rate for three yrs i bought it for 17500 it is worth 90000 plus now what deal is best for home improvements and will i be able to get a loan on top of my mortgage i earn around 14000 a year thnx[/

in-need_of_money

Nationwide often do flexi loans which they will give you at the rate of your morgage, I guess there will be other company's out there which do the same depending on the amount you wish to borrow.

MortgageMamma

There are thousands of lenders that will lend you money on your ex council house now you have had it for over three years. nearly all lenders will lend you money for home improvements. All lenders are prepared to lend different amounts, from 3 x your salary to 4/5 times salary, less outstanding credit commitments. All lenders have different approaches to how these are calculated too. I would recommend you seek professional advice from an independent mortgage advisor offering a whole of market option (this means they can choose from any mortgage currently available in UK). Make sure you use an advisor who won't charge you a fee and you is on your level so you can communicate comfortably.

Good luck with your remortgage!