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Borrowing More Than The Original Loan

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Sue11

Sue11 Posts: 91 Forumite

15 August 2012 at 9:54PM in Mortgages & endowments

Hi everyone

Is it possible to remortgage/borrow on the house more than the original purchase price.
Sue

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Comments

cte1111 Posts: 7,390 Forumite

15 August 2012 at 9:56PM

Yes as long as the house is worth more now and you can afford the repayments (and the mortgage company think so too).

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Sue11 Posts: 91 Forumite

15 August 2012 at 10:04PM

Thank you for that

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Thrugelmir Posts: 89,546 Forumite

15 August 2012 at 10:13PM

The purpose of the funds may influence the lenders decision.

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This discussion has been closed.

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