Switching mortgages and borrowing more

Sean1888

Registered User
Messages
21
Hi All,

What are the rules for switching and borrowing more to extend on a house?

Currently with UB for the mortgage (€167000 remaining)

House value is €240000

LTV <70%

UB have said they can do a top up but only to the value of 80% of house price. I am guessing this means we could only get a top up of about €17000.

Just wondering if we switch would a new lender allow us to borrow up to €70000 to fund a small extension and attic conversion?

Thanks
 
Top