Nationwide switch and borrow more

bevvy · 14 April 2019 at 9:30AM

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