If you switched to another provider then it’s less straightforward as providers often won’t share / lend on just some of the house - complications if you default for example.
So I’d guess they meant if you moved to another provider then they wouldn’t be happy to keep just lending the smaller amount, so you’d have to repay, so you’d trigger the ERC…
Sure that makes sense. Doubt we can get our plans/ a builder lined up and the site prepped before next winter anyway so I think it'll all have to wait until Feb to start.
If you switched to another provider then it’s less straightforward as providers often won’t share / lend on just some of the house - complications if you default for example.
So I’d guess they meant if you moved to another provider then they wouldn’t be happy to keep just lending the smaller amount, so you’d have to repay, so you’d trigger the ERC…