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Additional borrowing for debt

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  • If they or someone else only allowed you £12k you could borrow that then restructure the £3k to make it more affordable
    Make £2023 in 2023 (#36) £3479.30/£2023

    Make £2024 in 2024...
  • They are with specific 2nd charge lenders. Rates are higher and not remortgaging on to a lower rate in the future couod leave a 15k debt costing you many times that in interest.

    However, if you are desperate to do this it may be worthwhile exploring in more detail.

    Get some advice from a broker and see what the numbers look like
  • jamesp31
    jamesp31 Posts: 73 Forumite
    Ok thanks everyone. I’ll look into it
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