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mortgage top up
saliarka
Posts: 31 Forumite
hi would like to ask for advice i got 4 years fixed mortgage whit nationwide for 175 000, my house worth about 290 000. its 2 years i have it but I'm looking to borrow extra about 25 000 can i do it till is still on fixed ?
, i need those money to pay my deb i know is not smart to do that but i had gambling problems and got some loans whit high rate, i sort out the gambling problem and the best think would be to get mortgage top up to pay deb... should i say bank that i will pay deb whit extra borrow money ?
, i need those money to pay my deb i know is not smart to do that but i had gambling problems and got some loans whit high rate, i sort out the gambling problem and the best think would be to get mortgage top up to pay deb... should i say bank that i will pay deb whit extra borrow money ?
0
Comments
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You may have the option to borrow more money from your existing lender without effecting the fixed rate or incurring charges.
In that scenario you'd have two parts to your mortgage running on different interest rates.
There are other ways of doing it, but this is probably the most cost effective in regards to fees.I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, 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.0
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