Posted on 23 April 2013 by Heidi
I have a small mortgage on my current home circa (£20k) and wish to remortgage (borrow an additional £140k) to buy the house next door for my elderly inlaws who need to move nearer. My current property is worth circa £220k. Please could you advise if this is feasible?
As long as you can meet the lenders standard criteria and affordability calaculations for the total borrowing, then I can't see why you shouldn't be able to do this.
I'd need a fair bit more information before saying a definite yes, but it's certainly something a lot of people have done.
I think it would be worth having a talk to one of our consultants to get a little more detail on the options open to you. If you'd like to do so, then let me know and I'll arrange a convenient time for one of them to contact you.
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