Owning your own home

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Simpson

Thanks. So in looking for new one just say we want to add more money?

GF mum has sadly died so has a lump sum she needs to put somewhere and could pretty much clear out what we owe.

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andyfallsoff in reply to @Simpson

Yes - what you're doing when you remortgage is paying off the old lender completely and getting a new loan, usually from someone else.

If you've got cash to put in, you use it then, together with the amount you borrow from the new lender to pay off the old entirely.

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Simpson in reply to @andyfallsoff

Nice one, thanks

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