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Will BOI give me a further advance?

minibbb

minibbb Posts: 342 Forumite

8 November 2012 at 8:41PM in Mortgages & endowments

Evening

I have a mortgage with the bank of Ireland on my flat, the mortgage is a 90% deal and I owe £105K and the flat is worth about 120K.

Is it likely they will lend me another 3-4K for home improvements or is this wishful thinking?

Thanks for any help!

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Comments

opinions4u Posts: 19,411 Forumite

8 November 2012 at 8:46PM

Probably not. Have you asked them?

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minibbb Posts: 342 Forumite

8 November 2012 at 9:09PM

Probably not as not much equity?

Not asked yet, will give them a call tomorrow but was interested to see my chances beforehand

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kingstreet Posts: 39,352 Forumite

8 November 2012 at 10:17PM

Not a lot about it online;-

http://www.bankofirelandmortgages.co.uk/existingCustomers/wantingToBorrowMore/ExistingCustomersWantingToBorrowMore.aspx

calling seems the only option.

I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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