Hi All
I recently found out that I am unable to make improvements to my home due to not being able to borrow £5k against the current market value of my home which is supposedly £63.5 k. My mortage is currently approximately £52/3k, and I wanted to borrow £5k to install gas to replace my oil heating system and a few other cosmetic improvements.
I have checked different websites and can see that there is quite a differential in price between one property and another. One is valued at £50k and another valued at £100k ????
Is there anyway I can get around this? I have very good credit rating etc etc etc. I don't which to get a personal loan as I know I can't afford that however I know I can afford to borrow £5k (added onto to my current mortgage amount.)
I hope to hear from you.
Many thanks
M
I recently found out that I am unable to make improvements to my home due to not being able to borrow £5k against the current market value of my home which is supposedly £63.5 k. My mortage is currently approximately £52/3k, and I wanted to borrow £5k to install gas to replace my oil heating system and a few other cosmetic improvements.
I have checked different websites and can see that there is quite a differential in price between one property and another. One is valued at £50k and another valued at £100k ????
Is there anyway I can get around this? I have very good credit rating etc etc etc. I don't which to get a personal loan as I know I can't afford that however I know I can afford to borrow £5k (added onto to my current mortgage amount.)
I hope to hear from you.
Many thanks
M