2 loans at once

bluebaron

I've been offered a top-up mortgage with Natwest at 4.6% (ouch) as I'm tied in for 4 more years on a fixed rate of 2.1% i can't go elsewhere.

I need around 50K so looking at getting 2 x £25k loans at a rate of around 3.5%.

Should I get one first then apply for another or put both applications in at the same time?

I am a high earner (£100k+pa) so not to worried about being turned down but want the best chance of success.

Thanks

foxy-stoat

You would need to apply for one, get that accepted and then apply for the second one. I would wager that if you get the lowest rate on the first loan, you wouldnt get the same rate on the second one so an advance on your mortgage may be better.

Good lucks