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Mortgage Question

Hi guys

I have been paying my mortgage for the last 4 years, I'm looking to upgrade my property somewhat however after coming out of a divorce quite recently money is low.

My mortgage is with RBS at the moment.

Can I or anyone for that matter request money that has been paid on their mortgage to do the place up?

Hope this makes sense!

Comments

  • olly300
    olly300 Posts: 14,738 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    No your question doesn't make sense.

    Also it may be better on the mortgages board.
    I'm not cynical I'm realistic :p

    (If a link I give opens pop ups I won't know I don't use windows)
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture Combo Breaker
    edited 13 June 2013 at 8:37PM
    You'll find that unfortunately if you had a high LTV mortgage you've probably built up very little equity and the money you've paid in has been going towards interest, the first years of a mortgage are not good for equity.

    Remortgaging is what you should be looking at.
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