Does taking out additional borrowing make more sense than a loan..?

ferry

Just out of curiosity would it make more sense to take out additional borrowing at my lenders SVR to cover home improvements over a the same period I would have taken a Personal Loan?
Basically I'd like to borrow 7k for home improvements and am weighing up the options.
Based on the fact I have a 45% LTV(plus only other debt is around 3k on a 0% CC) am I able to borrow this amount over a short period of 5 years?
The intention is to take out the additional money from my current lender and then remortgage for the whole lot in 2 years time when my current fixed rate ends.
Does this make economic sense and what do I need to consider if doing this..?

Thanks for any advice
F.

_Andy_

You'd need to check with the lender to see if they would actually offer further borrowing at the SVR.
If they do then yes it could be cheaper than a personal loan.