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Borrowing more on mortgage
VA2020
Posts: 54 Forumite
Hi all,
i borrowed further money on my mortgage to fund a very small kitchen extension
Got approved for an extra 20K borrowing in March but I live in an old property, and Even with my contingency I have over spent majorly. Can you borrow twice with no limit?
i borrowed further money on my mortgage to fund a very small kitchen extension
Got approved for an extra 20K borrowing in March but I live in an old property, and Even with my contingency I have over spent majorly. Can you borrow twice with no limit?
My home was 210K
I put a 100K deposit down then recently borrowed 20k additional.
I put a 100K deposit down then recently borrowed 20k additional.
My mortgage is around 125K in total now
Valuation is around 230K without extension
what’s the best option for borrowing around another 5-8K? Can I apply again
what’s the best option for borrowing around another 5-8K? Can I apply again
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Comments
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@va2020 Some lenders have a minimum time period between two further-advance/additional-borrowing applications, will depend on your specific lender's policy. Your lender may also have a minimum amount for any additional borrowing.
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