We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Additional borrowing on Lifetime mortgage
emmagater
Posts: 29 Forumite
My Dad has a lifetime interest only mortgage (he's in his 80's) and wants to be able to borrow a little bit extra. Is it possible to apply for additional borrowing on this type of mortgage, presuming there is sufficient equity in the property?
If it is possible, do they require a new valuation etc, as if you were remortgaging?
If it is possible, do they require a new valuation etc, as if you were remortgaging?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards