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Loans against mortgage

2

Comments

  • czabby
    czabby Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    Please can someone advise on my original query ��
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    czabby wrote: »
    Please can someone advise on my original query ��

    Are you seriously asking us how to help you commit mortgage fraud?
  • czabby
    czabby Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    edited 12 April 2017 at 3:57PM
    No im just asking what details they require for the home improvements..is everyone always so uptight on here xx
  • Arleen
    Arleen Posts: 1,164 Forumite
    1,000 Posts Combo Breaker
    czabby wrote: »
    No im just asking what details they require for the home improvements..is everyone laways this uptight on here? Xx
    But you don't plan to use it for home improvements.
  • czabby
    czabby Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    Well dependent on what they offer there are plenty of things that need doing here...just need to know that after quotes are required initially if anything else is required..it doesnt have to be for full consolidation..hope that is clear now i dont wish to upset anyone xx
  • Money_Rollercoaster
    Money_Rollercoaster Posts: 247 Forumite
    When we borrowed to undertake home improvements, we provided quotes at the outset and then on completion we revalued the property.


    Mark Twain once said ... "If you tell the truth, you don't have to remember anything".


    Why not take a gamble and post on the debt-free wannabe sub-forum and I'm sure there'll be plenty of support if you're looking to reduce your debt and interest payments.
    174 BPM >> CC Balance (0%) -£3,565.99 - Target DFD Dec 2017 >> Loan (Car) (3.1%) -£19,803.74 - Target DFD Nov 2020
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    No two mortgage lenders are the same and they don't treat all borrowers the same. One lender might ask you for evidence whilst they wouldn't require it from another borrower. Do you not think the bank will find it a bit fishy that one week you were trying to borrow money to consolidate debt and the next you want to borrow money for "home improvements?"
  • czabby
    czabby Posts: 46 Forumite
    Part of the Furniture Combo Breaker
    No because i have saidif it can all be for consolidation it will if not i will split it if theyare happy to allow
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    czabby wrote: »
    No im just asking what details they require for the home improvements..is everyone always so uptight on here xx

    Not up tight at all, just don't like seeing people making a big mistake.

    He might not reply but why not ask Martin Lewis if he thinks it's a good idea ?
  • OneLife_OneShot
    OneLife_OneShot Posts: 775 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    No-one is being uptight. I do not have a mortgage but it doesn't seem like a great idea and it looks like it will eventually cost you more.
    "All truths are easy to understand once they are discovered, the point is to discover them."


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