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Nationwide switch and borrow more
bevvy
Posts: 451 Forumite
we originally bought our house almost 2 years ago with 90 ltv on a 2 year fixed rate, so we are due to switch soon, on checking online with nationwide they have our house price increased quite a bit and the ltv is currently 76.71% giving us better rates. We are thinking of a new kitchen and wondered if we could add some extra borrowing onto the mortgage, how does this work, do I need to completely remortgage and go through the whole application process or do I just switch my mortgage and then apply for the additional amount and have 2 amounts getting paid. I’m not taking a huge amount but looking at the calculators I can borrow approx £6000 and not really be paying much more than I am currently, seems a bit too easy
0
Comments
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Can anyone help please ?0
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So you are planning on borrowing 6,000 over the life of the mortgage?
Is there no way you can borrow this money cheaper?0
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