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Need Advice on Equity Release for Improvements
callansdad
Posts: 766 Forumite
Hi All ... im in a quandry!
Have new fixed rate mortgage with RBS bought house in April for £50,000 ... Balance is currently £47,000 problem is i need money quick for home improvements cos the house is in a bit of a worse state than we first thought.
RBS Dont want to give anymore money cos it will exceed 95% of the value ... which is £52,000 ... any ideas ... i cant get a personal loan cos i already have ..... and my credit cards are full .... might it be worth paying a redemption fee and moving mortgage elsewhere?
any advice would be great
Have new fixed rate mortgage with RBS bought house in April for £50,000 ... Balance is currently £47,000 problem is i need money quick for home improvements cos the house is in a bit of a worse state than we first thought.
RBS Dont want to give anymore money cos it will exceed 95% of the value ... which is £52,000 ... any ideas ... i cant get a personal loan cos i already have ..... and my credit cards are full .... might it be worth paying a redemption fee and moving mortgage elsewhere?
any advice would be great
A banker is someone who lends you an umbrella when the sun is shining, and who asks for it back when it start to rain.
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