Loan against Mortgage

eng1991

Currently with Nationwide with a value of £220,000 and mortgage remaining of £163,000.

Would we be best trying to borrow more against the mortage through Nationwide as opposed to a different company? As we are currently with them I would have thought it would be easier, but I may be wrong?

If its to pay other debts off and home renovations (new kitchen), would they agree to that or would it be best going with the home renovations only etc?

Also, what documents would they require?

pramsay13

You don't have a lot of equity in the house so you might struggle. It will depend on how much you are looking to borrow and the reason. 
Using equity built up to replace the kitchen is probably a valid use, paying off other debts not so much. 

eng1991

It would be for £20,000 or £25,000. Would this be too much? 

Hoenir

eng1991 said:

Also, what documents would they require?

The underwriters will perform affordability checks and scrutinise your past 6 year credit history like any lender.  Given it's a sizable amount of money they'll be ultra cautious.