Hi,
My partner and I have queried topping up our mortgage by 50k for a self-build as we feel we may not have enough to finishe the house off. Our original mortgage was for 200k fixed at 4.8% for 5 yrs but we've been quoted at 5.9% fixed for 5 yrs for 50k from BOI which seems ridiculously high. Surely a credit union loan would offer better value or has anyone any other ideas of what we should do?
Any suggestions greatly appreciated!
My partner and I have queried topping up our mortgage by 50k for a self-build as we feel we may not have enough to finishe the house off. Our original mortgage was for 200k fixed at 4.8% for 5 yrs but we've been quoted at 5.9% fixed for 5 yrs for 50k from BOI which seems ridiculously high. Surely a credit union loan would offer better value or has anyone any other ideas of what we should do?
Any suggestions greatly appreciated!