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advice on best loan please

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melly_g
melly_g Posts: 70 Forumite
Part of the Furniture Combo Breaker
Hi,
i have already posted this message but realised i did it in the wrong section so will repeat it here.
I would like some advice please on which would be the best loan for myself and my husband as we want to do some home improvements.
We would like to borrow about £7000 over a period of 3-5 years with the option of early repayment without a penalty fee.
We can make monthly repayments up to £250 and would like as little interest as possible.
It can be secured or unsecured and we have no problem with credit.
We are homeowners.
Thanks for any advice.

Comments

  • Liverpool Victoria @ 5.5% APR
    Northern Rock @ 5.8% APR

    Check out the Best Buy tables in the Sunday Times as deals regularly change.
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
    ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)
  • Mark_Ice
    Mark_Ice Posts: 377 Forumite
    Liverpool Victoria @ 5.5% APR
    Northern Rock @ 5.8% APR

    Check out the Best Buy tables in the Sunday Times as deals regularly change.


    Just checked LV website and the only rate they advertize is 6.5%?
    So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable Christopher Reeve (1953-2004)
  • MSE_Martin
    MSE_Martin Posts: 8,272 Money Saving Expert
    Part of the Furniture 1,000 Posts Combo Breaker
    Ouch! Forget the Sunday Times!!!! What about the articles on the site!!!!!

    Anyway im just about to update both of them
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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