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Will a secured loan effect how much I can borrow when remortgaging?

Asked by admin on June 16th, 2009 Listed in: Secured Loans

secured loan
SueEd asked:


My 82K mortgage has come to the end of a fixed term and I want to remortgage. I have recently taken a 18.5K secured loan. I earn 22K. Will the loan effect my remortgage?

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2 Answers »

  1. SG Elite on June 18th, 2009 at 11:41 am:

    Yes it will!

  2. FRANK H on June 20th, 2009 at 3:32 am:

    I would expect so since it is a considerable outgoing against your income.

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