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hopefully a quick mortgage question
riverboat2001
Posts: 476 Forumite
I have house with appx 250k equity
Borrowing 87k against it to put down as deposit on new home.
mortgage has been agreed but no papers signed.
New property needs additional work that we hadn't budgeted for, how difficult would it be to re-arrange mortgage to borrow additiona 7k?
Using a broker and have sent email ,but not sure that she works Monday.
We have day off today and so many questions flying around our heads!
Borrowing 87k against it to put down as deposit on new home.
mortgage has been agreed but no papers signed.
New property needs additional work that we hadn't budgeted for, how difficult would it be to re-arrange mortgage to borrow additiona 7k?
Using a broker and have sent email ,but not sure that she works Monday.
We have day off today and so many questions flying around our heads!
Was a 40 a day smoker for 20 years.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
Decided to give up, and haven't had a fag for 12 years.
Halfway through losing six stone.
Looking forward to early retirement.
0
Comments
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Should be fine as long as your income can support the new figures.
You'll have to wait for the broker to come back to you, as they will need to issue you with a new illustration (and other paperwork) to confirm the new figures.
They will then have to put in the request to the lender and wait for the green light from that side.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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