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borrowing money on mortgage
android_2
Posts: 105 Forumite
if i want to borrow£10000 to do home improvements can i put it on my mortgage or do i have to get an home improvement loan?
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Comments
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You can put it on your mortgage either as a further advance from your current lender, or roll it all in to one mortgage if you re-mortgaged to a different lender - if this worked out to be more beneficial to you.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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what is this called if i do it with current lender? yhanks in advance0
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a further advance is what it would be generically. What the marketing dept of that lender calls it may be different but further advance is fine.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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