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Have Great Mortgage-Want to raise some capital

Have a great deal at the moment paying tiny amount over base rate.
Want to raise £50K for home improvements to be completed.

Current borrowing, at present 40% LTV

However income multiplier maxed out!

What is the best way to raise the further £50K:question:

Couple Aged 55+

Credit rating poor:cry: Mortgage payments ALL fine!

Anyone with any suggestions?
Thank you
Jus' tryin' to always entrepreneurably improve ma situation...:rotfl:

Comments

  • amnblog
    amnblog Posts: 12,762 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It sounds like a secured loan, may be your solution.

    This enables you to keep your current main mortgage, raise funds swiftly, and borrow on more generous affordability calculations.

    Speak to a good mortgage broker.
    I am a Mortgage Broker

    You 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.
  • Can u suggest one?
    Jus' tryin' to always entrepreneurably improve ma situation...:rotfl:
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