38% LTV

[ChunkySloth]

If someone has 38% LTV and a credit score of 999, how much could they expect to borrow and add on to their mortgage?

[BarbaraofSeville]

Depends on income and other outgoings.

You're normally limited to around 4 -5 x income in total, so you're not going to be able to borrow hundreds of thousands if you only earn £20k.

Also be aware that rates increase significantly above about 80% LTV so at some point that extra borrowing is going to start looking very expensive.

Might also depend on whether you're looking at extra borrowing from your existing lender or remortaging the whole lot from another lender.

Plus need to consider any early repayment charges if you're currently in a fixed rate.

Have a play with the mortgage calculators available online.

[ChunkySloth]

Ok thanks.