Help with amount we can borrow

2kids1dog

hello. myself & my husband have been told by Santander we can can't borrow any more for work on our house. We have a mortgage with them for £107k which we have been paying since 2007, we have £80k left to pay but want to borrow £30 more to do a loft conversion on our house. The house is worth £180k.
hubby earns £26500, basic, allowances & o/t £6k+ & second job £7K
I'm self employed & have 2 years accounts, first year -£700 2nd year +£4900.
Santander have said we don't even qualify for the amount we do pay?

We have an appointment to see Nationwide, anyone know if we stand a chance with them?

Santander would only take half his o/t Allowances & half his 2nd income & only half of mine??
we have 2 children but no child care costs, no car loans No loans of any sort & have never missed a payment, I'm gutted

Dave_Ham

Subject to your ages, this should be achievable.

Obviously not privvy to the full facts, so cannot be more confident.

Nationwide have some decent rates at the moment and the feedback on here directly to bank seems inconsistent and possibly determined by the advisor you see in branch

Good luck

2kids1dog

morning we are 38 & 41

Dave_Ham

Then subject to the finer details, I would expect there to be a solution.

Impossible to determine from the information provided if this is likely to be Nationwide.

If you do still go there, ensure they check your income/situation fits before they do the credit check as they may well try to do this the other way round...

Good luck