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Proprty Value for Remortgage

Okydoky25 · 2018-02-22 09:16:03

I am in the process of re-mortgaging my property as well as releasing some equity to pay off debt built up whilst doing home improvements. Purchased at £300k Looking to re-mortgage for £320k based on a valuations of £420k. Outstanding mortgage is at £275k including £15k ERC Additional borrowing 45k (£60k with ERC) £27k…

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Gibbro Posts: 5 Forumite

23 February 2018 at 11:24AM

I would be looking in to a second charge/ secured loan against the property with that level of ERC. Once the ERC finishes then remo the whole lot.

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Proprty Value for Remortgage

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