how long before you can top up

[Ron Burgundy]

we got our mortgage last june for a house we were going to do a lot of work on, the work is now complete and the value of the house as more than doubled.

so with that in mind we wanted to top up to clear credit union loans we had to get when the project went over budget.

we are with permanent tsb.

 

[oysterman]

Call them?

If they won't deal, move your mortgage?

 

[MortgageMate]

Well Mr Burgundy,most banks won't look at a top up for 6months, so perfect timing says you.

 

[ontour]

a lot of financial institutions credit scoring systems will raise a flag if there is a top up within a year...but that just means that you will have to wait for an underwriter to check the application.

At the end of the day if your earnings have the affordability to meet the new repayments. One thing to consider is if the house value has increased so much then an NIB LTV mortgage might be right for you.