Question About Split Loan

[LuvMy4Babes]

We have a split mortgage, where 3/4 of our mortgage is fixed and 1/4 is variable. My question is can we borrow more on the variable part of our loan without changing our fixed loan?

Thanks in advance.

[andie_pandie]

Yes you can always add onto a variable proportion of a loan, however the bank will need to make sure that you can service (repay) the additional amount that you are borrowing.

Also you will only be allowed to borrow up to a certain amount of the loan determined on the banks policies.

Sometimes a bank will add directly onto the variable amount, sometimes depending on which bank they will actually payout completely the variable and redo another loan completely with the additional borrowing amount.

If you need any further assistance you are welcome to PM me.

Kind Regards


Andrea :)

[LuvMy4Babes]

Thanks so much for your quick reply :)