I want to get a ã10,000 loan to renovate my new home, landscape my back and front garden and turn an old out house into a utility as i only have a tiny kitchen. Ive only put a 5% deposit down on a ã120,000 house. So i only have ã6000 equity in my home. Would a bank borrow me the money given these circumstances?
Thank you in advance:)
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Would i be able to get a loan if i have only just got a mortgage?