Bought a 3 bed end of terrace with my partner in October last year so now 7 months into the mortgage. Currently on the 1 year FTB rate of 2.4% from AIB – seemed like a good plan at the time as it kept repayments low for first year etc. Just starting to think about what we’re going to do in September when it comes to re-mortgaging. We have done a lot of work to the house since we bought it – re-wiring, new heating, added downstairs bathroom, new kitchen etc. Basically the entire house has been updated and we also built an extension at the back which we use as an open plan dining room/living area. We were lucky in that my brother in law is a builder and between him and several of his contacts we got all this done for €35k. It’s foolish to believe that we’ve ‘added value’ in the current climate but hopefully by updating and extending we’ve gone some way to making the house more sellable in the future (not that we’re planning to sell any time soon!) Anyway, as there was no extra finance available at the time of getting the mortgage we borrowed the money from my mother who was more than happy to lend given that her savings aren’t earning her anything in the bank at the moment! Have been paying her back as much as we can afford each month (anything between €500 and €1000) but would ideally like to get a top up on the mortgage and pay her back in one lump sum. Has anyone experience of this type of a top up loan given that the home improvement work has already been done? Presumably we’ll need to get the house re-valued and go through the whole mortgage application process again… Is it worth the hassle of trying to lump the money we borrowed in with the mortgage and pay a lower monthly rate overall or stick with the mortgage as it is and just keep chipping away at paying my mum back? Any thoughts welcome!