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Additional borrowing on NatWest mortgage

GSXRCarlos · 2015-11-12 11:54:57

Hi all, Fixed period has ended and i'm looking at re-mortgaging and borrowing more. Current Mortgage £120k, House Value over £165k, Income circa £30k Looking to borrow extra £10k (natwest's minimum amount). I'm being denied, even if you up my salary to a sily figure, or the house value to way over 200k it's still not…

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GSXRCarlos Posts: 830 Forumite

12 November 2015 at 2:31PM

Thrugelmir wrote: »

What's the purpose of the money?

How much do you owe elsewhere on unsecured credit. Credit cards, personal loans, car finance etc.

The money is to consolidate an existing 'Mum and Dad Loan'

as far as the mortgage companies are concerned it is for home improvements (which is what the mum and dad loan has been paying for)

Credit card gets paid off in full each month, no other outstanding balances

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