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Home Improvements
gra01473
Posts: 8 Forumite
My mortgage deal is up for renewal and I want to install new windows, is it better to borrow money on the new mortgage or pay monthly to the window company?
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Comments
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Probably cheaper to get a remortgage to a new lender, borrowing the extra money you need at the same time, subject to loan to value etc.
If your current lender's "follow on" rate is particularly good, you might want to ask your current lender for "additional borrowing" again, subject to loan to value.
It depends on the rates you are offered for each.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.0
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