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!
Remortgage from Whistletree - unsecured loan
KID77
Posts: 221 Forumite
In the next few months, I am looking to remortgage with a new lender and leave Whistletree (ex NRAM mortgage). I currently have the mortgage and unsecured linked loan with Whistletree. When applying for a new mortgage, do I lump them together for the amount I wish to remortgage - as I class it as one payment now and would like to keep it that way - so making the whole amount secured as part of new mortgage?
Or do I need to say only the secured part is what I am borrowing and then ask for additional borrowing for the unsecured part?
I will call Whistletree also but wanted to post here to get your thoughts - hopefully it makes sense.
Thank you
Or do I need to say only the secured part is what I am borrowing and then ask for additional borrowing for the unsecured part?
I will call Whistletree also but wanted to post here to get your thoughts - hopefully it makes sense.
Thank you
DMP Number 437
LBM May 2015 47k in debt
Starting DMP 1st July 2015
LBM May 2015 47k in debt
Starting DMP 1st July 2015
0
Comments
-
@kid77 If it is unsecured and separate to the mortgage, then you will likely need to do a capital-raise remortgage to a lender that permits debt-consolidation. Just make sure you run it past the lender in advance before making a full application.
I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards