[T5R92011]

So I went to my bank the other week with the purpose of remortgaging, and to borrow an additional £10,000 on top of my 38 year mortgage.

My property is worth just under £150,000 and my mortgage owed was £112,500.

Went through the application with their Mortgage advisor, asked me all the questions on affordability etc etc... Outcome? Additional borrowing Declined on the basis of affordability.

Fast forward 2 weeks later, I decide to try applying for a £15,000 personal loan over 7 years with the same bank via their online banking system. The system asked me NO QUESTIONS about what my general expenditure and instantly approved and payed out the loan within what must have no more than 2 minutes from filling my name in, to clicking "Apply".

I cannot understand the logic here?