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Remortgage DPP
RichMo90
Posts: 5 Forumite
Hi,
I am currently on a debt payment plan (Scotland) which still has about 3 years to run. My mortgage is up
for renewal in August. I was wondering if there’s any possibility or is it even worth while asking for additional funds in my remortgage for home improvements.
I am currently on a debt payment plan (Scotland) which still has about 3 years to run. My mortgage is up
for renewal in August. I was wondering if there’s any possibility or is it even worth while asking for additional funds in my remortgage for home improvements.
I bought my home for £95,000 and mortgage will be around £75,000 left to pay come renewal, with house currently valued at £106,000.
I would just be asking for £5000 to £7000 in additional borrowing for some home improvements and to pay off £1500 which would roughly be left on my car finance come then (and would allow me to start paying £200 extra to my DPP a month).
Just looking for advice as to whether there’s lenders out there that would even consider giving someone on a DPP additional funds when remortgaging.
thanks
I would just be asking for £5000 to £7000 in additional borrowing for some home improvements and to pay off £1500 which would roughly be left on my car finance come then (and would allow me to start paying £200 extra to my DPP a month).
Just looking for advice as to whether there’s lenders out there that would even consider giving someone on a DPP additional funds when remortgaging.
thanks
0
Comments
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whats the conditions of your plan?Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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I don’t believe there’s any conditions as such, only thing I do know is when my car is paid off then the monthly payments that went to car is to then go towards my DPP. Although I may be being ignorant to other conditions.0
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