We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Remortgage or personal loan

Madison
Posts: 174 Forumite


I have quite a bit of equity in my property and need to make some home improvements. I wondered whether it would be better to increase my mortgage or take out a personal loan. I can afford the repayments for both but wondered if having loan, say over five years, would affect any mortgage applications I might make for a new property, during the period of the loan.
0
Comments
-
Can't see why a personal loan would be better given the interest rates will be significantly higher.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards