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New mortgage to pay back LSC
rapper57
Posts: 21 Forumite
Hi & thanks in advance
My partner currently owes LSC just over £12K as a debt against her property from her divorce. Interest is accrued at £1.56/day (8% interest!!!!!). I would like to get some help about the best thing to do about repaying this money. Is it possible (best) to get a small mortgage to pay back the money and then pay back the mortgage at a smaller interest rate? Any other ideas would be apreciated. She has no intention to sell the property and will leave it in her will for her next of kin to sort out in the future.
Cheers
My partner currently owes LSC just over £12K as a debt against her property from her divorce. Interest is accrued at £1.56/day (8% interest!!!!!). I would like to get some help about the best thing to do about repaying this money. Is it possible (best) to get a small mortgage to pay back the money and then pay back the mortgage at a smaller interest rate? Any other ideas would be apreciated. She has no intention to sell the property and will leave it in her will for her next of kin to sort out in the future.
Cheers
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