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Drawing Down Funds Off The Property
dranzer01
Posts: 427 Forumite
If you have a mortgage and your credit isnt that great, can you still draw down funds off of the property? For example, if I wanted to take out 5k (against the property), would that be feasible? Or would they look at the credit history and decline it, even though the mortgage has been in action for over 25 years?
Many thanks,
Many thanks,
0
Comments
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Any new borrowing is subject to status.
If you are drawing down pre-agreed and undrawn funds, that should remain possible.I am a mortgage broker. 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.0
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