Just wondering whether it's standard for a bank to ask for a second mortgage when you do a top up to extract equity.
I would have thought that they could just amending the first mortgage to refer to the top up loan as well? As otherwise there could potentially be a fairly large number of mortgages with numerous registration and discharge fees applicable when refinancing to another bank or repayment.
I would have thought that they could just amending the first mortgage to refer to the top up loan as well? As otherwise there could potentially be a fairly large number of mortgages with numerous registration and discharge fees applicable when refinancing to another bank or repayment.