Borrowing more on my mortgage

BizHighflyer

Hello!

I am looking to add approx £25,000 onto my existing Halifax capital and interest mortgage. My existing mortgage runs for 26 more years, but is up for remortgaging in December 2019 - possibly right in the midst of a horrible Brexit fallout period!

The additional £25k I am looking to borrow (2 year Fixed LTV 75 to 85%) is offered as an initial rate of 2.54% until 31/01/2021, followed by Halifax Homeowner Variable Rate, currently 4.24%, for the remainder of the term.

Question..! I'm confused about what this does to my existing mortgage, as not having to worry about the December 2019 remortgage date is obviously desirable!

- A. Does the additional £25k get added to my existing mortgage balance, extending the remortgage date from December 2019 to the additional borrowing date offered of 31st Jan 2021?

OR

- B. Will this additional borrowing on my mortgage come as an entirely separate charge on my property, the date of my existing remortgage date of December 2019 remaining exactly the same?

Your help answering the above would be very much appreciated.

Happy Sunday.

LRmortgage

Same charge on your property, but two separate loan accounts with separate rates and product expiry dates etc.

So your original part will still be up for remortgage Dec 19, but your new part will be Jan 21.