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Remortgaging over 2 different terms
Dr_HP
Posts: 3 Newbie
Hi
Our current mortgage term expires in 5 years, but we would like to borrow another £30,000 as a remortgage for an extension to our current home. Is it possible to have 2 different mortgages on the same property i.e. £65,000 over 5 years (current mortgage), and another £30,000 over 10 years?
Thanks
Our current mortgage term expires in 5 years, but we would like to borrow another £30,000 as a remortgage for an extension to our current home. Is it possible to have 2 different mortgages on the same property i.e. £65,000 over 5 years (current mortgage), and another £30,000 over 10 years?
Thanks
0
Comments
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Yes...............providing yr lender agrees0
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