New Posts For Thread: Another mortgage question 2........https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725910/another-mortgage-question-2presently i owe a £1 on my mortgage (lucky me) but am thinking of upgrading my abode and am thinking of borrowing around 15-20k, am i right in thinking that i can just add the 15-20k to the £1 i owe? leaving me without the hassle of taking out & pacheers for the advice chisel & blackbarn :)https://community.betfair.com/tradefair__financials/go/thread/view/94198/23725910/another-mortgage-question-2?post_id=425963230#425963230cheers for the advice chisel & blackbarn :)Fri, 22 Jan 2010 05:50:19 -0600Gresty Actually no. You will need to apply for a new mortgage with your own lender or another lender. There are some lenders that will provide a free valuation and cash back even on very small loans. Obviously this is very valuable when you are takinhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725910/another-mortgage-question-2?post_id=425963226#425963226Gresty Actually no. You will need to apply for a new mortgage with your own lender or another lender. There are some lenders that will provide a free valuation and cash back even on very small loans. Obviously this is very valuable when you are takinFri, 22 Jan 2010 03:38:28 -0600Thinly veiled "I've paid off my mortgage" fred!!. However, when you do, they (most responsible lenders) advise you to keep a nominal amount (£1) outstanding for the very benefit you quote. Not sure who you are with but this worked perfectly for ushttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725910/another-mortgage-question-2?post_id=425963194#425963194Thinly veiled "I've paid off my mortgage" fred!!. However, when you do, they (most responsible lenders) advise you to keep a nominal amount (£1) outstanding for the very benefit you quote. Not sure who you are with but this worked perfectly for usThu, 21 Jan 2010 14:48:50 -0600presently i owe a £1 on my mortgage (lucky me) but am thinking of upgrading my abode and am thinking of borrowing around 15-20k, am i right in thinking that i can just add the 15-20k to the £1 i owe? leaving me without the hassle of taking out & pahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23725910/another-mortgage-question-2?post_id=425963190#425963190presently i owe a £1 on my mortgage (lucky me) but am thinking of upgrading my abode and am thinking of borrowing around 15-20k, am i right in thinking that i can just add the 15-20k to the £1 i owe? leaving me without the hassle of taking out & paThu, 21 Jan 2010 14:30:34 -0600