SXIBLK
Member
Registered: 9th Feb 10
Location: Barnoldswick
User status: Offline
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can you usually borrow more then the value of the house to spend the rest on home improvements? cheers
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John
Member
Registered: 30th Jun 03
User status: Offline
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No, why have you still not spoken to anybody about this?
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote:
Originally posted by SXIBLK
can you usually borrow more then the value of the house to spend the rest on home improvements? cheers
Not any more no. Thats why Northern Rock went pop and homeowners putting themselves in negative equity from day one = recipe for disaster
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SXIBLK
Member
Registered: 9th Feb 10
Location: Barnoldswick
User status: Offline
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quote:
Originally posted by John
No, why have you still not spoken to anybody about this?
we are in on Tuesday like i told you in the previous thread
anyway someone at work bought 3 month ago and borrowed 41 on a 36 thousand pound house. also do any of you know about these home improvement loans?
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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Once you've owned the house for a set period of time, you'll be viable for a Homeowner's loan towards improvements/renovations, but its not ideal as its secured against the property as well as the mortgage. Avoid N.E. wherever possible; save more, spend less 
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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You're asking for trouble.
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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Depends on the value of the home, but usually by time your deposit is paid, your mortgage makes up the value to the price offered!
We could have borrowed slightly more but means more to pay back and a few % on a few thousand over 25-30years makes it not worthwhile!
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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It's ok, he'll make enough selling copied CDs/DVDs to be able to pay for everything anyway
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SXIBLK
Member
Registered: 9th Feb 10
Location: Barnoldswick
User status: Offline
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quote:
Originally posted by Cavey
It's ok, he'll make enough selling copied CDs/DVDs to be able to pay for everything anyway
cock
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