Hi,

The best thing to look at is the fees you would be charged for both options. Low value mortgages can become very expensive as the fees are still there.

If you can borrow from your existing lender and purchase the other property outright then that would probably be the best bet.

Hope that helps.

Hopefully some of your knowledge can help me.

Got under £20,000 to pay on mortgage , house value is region £90,000.

Have mother now staying in house , sister has now asked to go 50/50 on buying another house which i would move into as it has lots off potential , i know area, plus price its going for to me sounds worth it, sister is willing to put in £25,000 and i other half , What would be best way to go about doing this , would i be better paying mortgage off on this house then getting £50.000 mortgage for the other house , or getting £25,000 on this mortgage and with sisters half to buy other house , Just not got clue how this would work and would appreciate your help.

Many Thanks