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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…

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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

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Nationwide - Not given best advice and now stuck with debt

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