Hi, i hope someone can help!
We would like to take out some additional borrowing on our mortgage for a loft conversion but currently Nationwide wont let us as we haven't paid off enough of our mortgage to allow for it. So, would it be worth overpaying our mortgage until we have paid enough off to allow for some additional borrowing? We could of course save the money rather than take it off the mortgage but I think that way would take longer for us to raise enough money....? What do you think?
TIA,
G3M
We would like to take out some additional borrowing on our mortgage for a loft conversion but currently Nationwide wont let us as we haven't paid off enough of our mortgage to allow for it. So, would it be worth overpaying our mortgage until we have paid enough off to allow for some additional borrowing? We could of course save the money rather than take it off the mortgage but I think that way would take longer for us to raise enough money....? What do you think?
TIA,
G3M