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  • Obvious answer is obvious (i.e. contact the lender/broker) but in theory:

    Say my home was valued at £30. I had a mortgage for £20 which I had been paying off for a couple of years and I wanted to move to a house worth £35. Presumably it's not out of the realms of possibility to extend the mortgage by an extra £5 and that it would be an easier process than it was to get the original £20 mortgage (which being self employed required showing years of earnings etc)?

  • Sadly it’ll be just as complex as last time.

    A friend of mine wanted to do it the other way - reduce his mortgage from £25 to £20. His lender made him go through all the checks again and because he’d had two lean years at work they refused to lend him less than he was currently borrowing and had paid back without problem for the lean years. Nonsense, but them’s the rules.

    Depending on when you got the last mortgage it may have got slightly harder or slightly easier but it’ll still be a full application.

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