I am looking to get a further advance of £80k for moment improvement as my mother in law is bed bound and now living with us.

I am looking to get a further advance of £80k for moment improvement as my mother in law is bed bound and now living with us. Don't know what I need to do if we are heading towards a recession

Hi Kugan

If you are looking for a further advance, you would need to contact your own mortgage lender. One aspect that you need to take into consideration is that interest rates have been rising consistently. You need to ensure that you can afford the mortgage payments, even they increase substantially. When you speak to the mortgage company, you can discuss this with them.

I hope this helps.

Kind regards

Tamsin