We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Extra on mortgage for extension
Options

longwalks1
Posts: 3,824 Forumite


Am considering borrowing (approx £50k or £60k) some more on our mortgage to fund an extension and home improvements, if its approved is the money just transferred into your current account please?
Probably a stupid question, but have only ever used mortgages to buy houses, so you never actually see the money as its dealt with by the solicitors
Probably a stupid question, but have only ever used mortgages to buy houses, so you never actually see the money as its dealt with by the solicitors

0
Comments
-
Well yes. Where else would they put it ? When you did a house sale/purchase you may well have had a few quid left over making its way back to your bank but you've probably forgotten that.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards