Help!

APW

Hi,

I'm seeking advice. Our problem is that since being made redundant we've been living off the redundancy money and renovating a property whilst I've tried to find work. We nearly finished the renovation (about a week to go) but we are running out of money. The house we are renovating will go on the market for £100k and the mortgage on it is only £20k. So heres the question, how can I get some of the equity on the property now (and pay it back when the house sells) bearing in mind that we are both on JSA?

Any help will be appreciated.

Thanks.

michael1983l

APW wrote: »

Hi,

I'm seeking advice. Our problem is that since being made redundant we've been living off the redundancy money and renovating a property whilst I've tried to find work. We nearly finished the renovation (about a week to go) but we are running out of money. The house we are renovating will go on the market for £100k and the mortgage on it is only £20k. So heres the question, how can I get some of the equity on the property now (and pay it back when the house sells) bearing in mind that we are both on JSA?

Any help will be appreciated.

Thanks.

Choose a secured loan with the best early repayment redemptions is my advice, if you know its short term then it will be cheaper than re-negotiating a mortgage. Other than that I can not think of another way of raising capital, unsecured loan would be ok ibut you will probably get rejected with no fixed income.