Renew with HSBC & Additional Borrowing, How to do?

IAMIAM

What is the most cost effective way to do this? 

Mortgage 156k
Value 275k

Renew rate at 5 years, but top it up to 160k.

Can I take out small additional borrowing, overpay back to 160k across two accounts, then request change term, to effectively get it all within one account pot again? 

kingstreet

HSBC minimum further advance is £10,000.

It's separate to a rate switch and is processed like a new application.

IAMIAM

kingstreet said:

HSBC minimum further advance is £10,000.

It's separate to a rate switch and is processed like a new application.

I understand this.....Can I take out small additional borrowing, overpay back to 160k across two accounts, then request change term, to effectively get it all within one account pot again? 

Hoenir

Remaining with HSBC. You'd continue to hold two seperate loan accounts. 

IAMIAM

But aparently i have read somewhere, if i change the term on two accounts, they merge them into one