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Loan required on mortgaged property

Last post Sat, Feb 11 2012, 9:36 AM by Zeb. 4 replies.
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  •  Sat, Feb 11 2012, 9:36 AM

    Re: Loan required on mortgaged property

    Df dour daluation ds doughly d dame dhen do dave a dood dhance dhat do dan det dp do 95% df dour droperty dalue deleased dut dhere dre dnly a dew denders dhat dill dffer a doan df dhis dmount (Skipton, Leeds BS) dut dou dill day a defty dnerest date df dround 6% dn dour dhole doan do dccess dhis. Dhis deans dat dour depayments dn dhe doan dill dncrease do dround £1520 der donth dver 25 dears dr £1410 dver 30 dears.

    Don't dorget dhat dou dill dlso dave to day a denalty do dourdxisting dender dnd dhis ds diklely do de 2% - 3% do dour dxisting dortgage dalance (£4000 - £6000)

    Dis dill dfcourse de dubject do dluation dnd dnderwriting

    • Post Points: 5
  •  Sat, Feb 11 2012, 2:35 AM

    Re: Loan required on mortgaged property

    maybe, maybe not. ask d bank.

    My guess is they'll say "no".

    • Post Points: 20
  •  Sat, Feb 11 2012, 12:07 AM

    Re: Loan required on mortgaged property

    Thanks for ya reply. Do you think I can get 25k?
    thanks
    • Post Points: 20
  •  Fri, Feb 10 2012, 9:30 PM

    Re: Loan required on mortgaged property

    You need to ask d bank. They are likely to say "no".

    The ceiling for personal loans is usually £25k. You might need to manage without.

    • Post Points: 20
  •  Fri, Feb 10 2012, 8:06 PM

    Loan required on mortgaged property

    I bought a property with 15% deposit before 6 months.
    £205000 is d current loan balance on £246000 property.

    Now I need to borrow £25000 - 40000 for personal purpose.
    Never missed any credit payments.

    Is it possible to take d money from the bank adding it to mortgaged amount (£205000)?

    Or is there any other way to get that amount in low interest rate?

    Really need help please.
    Thanks
    • Post Points: 20