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Original poster

When applying to borrow additional money on an existing loan do they ...

5 replies

Disenchantegg3 · 17/04/2009 21:16

just look at your repayments up to that point? (we have 18 on time fully prompt payments) or dothey re-do a full credit check? DH has some shit going on with his bank over charges thats badddd.

OP posts:
LIZS · 17/04/2009 21:19

an you afford to pay the additional amount ? I don't think they'll do a full check unless it is deemd a new loan but will want to know what it is for and whether you can pay their new rates.

Original poster
Disenchantegg3 · 17/04/2009 21:28

yes, we pay the loan without any problems, we will add an aditional 6 months of repayments rather than money on top of the current amount.

OP posts:
BigGitNotYourAverageBlokeDad · 17/04/2009 22:59

Yes they will do a full credit check. You may have other credit issues that may concern them it is not just about your existing mortgage payments.

trixymalixy · 17/04/2009 23:31

They will do a full credit check.

We have an additional drawdown facility and they do a credit check before they allow you to drawdown money you have already been credit checked for in case your financial circumstances have changed since they approved the facility.

Original poster
Disenchantegg3 · 18/04/2009 11:19

Ah, will probably be a no then,

cheers.

OP posts:
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