We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Nationwide - Not given best advice and now stuck with debt

rich_r87 · 2020-02-13 12:45:57

Hi Everyone, Newbie here and any advice would be appreciated. Feb 19 - House Value £250k, Mortgage £200k, Savings £40k and wanted to build an extension on our house which was going to cost in the region of £90-£100k.(Leaving me potentially £60k short in funds). Called Nationwide to ask if i could borrow money up front or…

Comments

Tooskint Posts: 38 Forumite

13 February 2020 at 6:45PM

I can see why they didn't give you it as you had 200k mortgage on 250 property. That a high risk for them. You only had at most 50k equity and maybe they had still to get their own valuation report for your property which could have made value less than 250 k

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Nationwide - Not given best advice and now stuck with debt

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free