Consolidate loan into Mortgage?

creditcardnewbie

Hello to you all,

I will soon be applying for my first mortgage and I was going to apply with Nationwide Building society, who I currently bank with.

My question is this though - I currently have an outstanding personal loan with Nationwide. Would I be able to ask Nationwide to consolidate this loan with my new mortgage?

Many thanks for any input you have on this.

creditcardnewbie :beer:

kingstreet

No.

If you want to pay it off, you simply use some of your deposit and have a higher mortgage. You'll still need to meet the lender's loan to value and minimum deposit requirements though.

creditcardnewbie

kingstreet wrote: »

No.

If you want to pay it off, you simply use some of your deposit and have a higher mortgage. You'll still need to meet the lender's loan to value and minimum deposit requirements though.

Many thanks for your prompt answer Kingstreet. Very much appreciated. I had an idea it wasn't possible but it is good to know there is another way around it. thank you.