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.

Remortgaging with personal loan

aoleks
aoleks Posts: 720 Forumite
500 Posts First Anniversary Name Dropper
edited 12 March 2023 at 3:41PM in Mortgages & endowments
Hi,

Quick question: we took out a personal loan to pay for our extension. We’re looking to remortgage in November and I was wondering if lenders are willing to “overlook” the personal loan for affordability purposes if we promise (and provide evidence) that the loan will be paid off as soon as the funds are released.

Basically, we want to transfer that loan to our mortgage instead. Is that even a thing or am I talking non-sense?

Thanks!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.8K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.7K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 176K Life & Family
  • 254.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.