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Yes.
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why not complete on the first tranche of money at the lower rate then get a further advance for the second tranche at the higher rate? That way you arent paying the higher rate on the whole lot.
It will mean you have two products running along side each other which might make life slightly more complicated.
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Nationwide do not lend to repay an existing loan with Nationwide. I've been through this several times.
So the solution is you get a new separate mortgage for the new borrowing. It's not an issue although I've ended up with 4 separate mortgages with them, 3 of them are for quite small amounts.
Soul
princeperch
ChasnotRobert
@Dramatic_Hammer
Another mortgage question:
Based on previous advice here, we have a new rate locked in for August when our current fixed deal expires . This rate is lower than that which is currently available but we’d now like to borrow slightly more money (an additional %15 borrowing, LTV remains broadly similar).
Will Nationwide cancel the old rate and do the whole lot at a new (worse) rate, or just add the additional borrowing at the new rate?