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Borrowing More Than The Original Loan

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Sue11

Sue11 Posts: 91 Forumite

15 August 2012 at 9:52PM in Mortgages & endowments

Hi
Is it possible to re-mortgage/borrow on the house more than the original purchase price of the house.

Sue

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Comments

GMS Posts: 5,388 Forumite

15 August 2012 at 9:57PM

Yes if the valuation has increased accordingly and sufficient time has elapsed.

I am a Mortgage Adviser
You 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.
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Sue11 Posts: 91 Forumite

15 August 2012 at 10:03PM

Thank you for that. Just like me to confuse everyone with two messages about the same thing!

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