Cheap Short Term Finance Needed - 3 months

JH74

I am purchasing a commercial property investment and need to raise additional cash for the purchase.
I have £40k tied up in a bond until November 09.
It will cost 60 days interest (at 7%) to withdraw this money before November.
I have never borrowed money before so can anybody recomend a cheaper source of short term funding.
My credit score is 999/1000
Thanks for your help.
JH

Rafter

If you are needing to raise £40k, the only option is going to be a mortgage or secured loan, which is going to cost you a lot more in charges to raise than paying the interest penalty on your bond.

If you needed to raise <£10k I would suggest a loan without early repayment penalty, but you would have to be 'less than honest' on your application form as loans for business purposes are usually frowned upon for personal loans.

Good luck

R.