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Britannia HomeOwner Loans?

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special0ffer Posts: 24 Forumite

4 January 2010 at 4:29PM in Loans

Hi,

We are doing some work on the house, and while we have the cash to pay in full it would drain most of the savings, so I am looking to take a 2-3 year loan for about 7-8K to pay for some of it.

We have a mortgage with britannia and I notice they do a 3 yr fixed rate Home Owner Loan of 4.49/6.09 depending on what your loan takes you LTV to.

http://www.britannia.co.uk/home/_site/channels/mortgage/products/home-owner-loans/short-term-fixed-rates.html

I know secured loans are generally not good, but this 3 year rate beats all unsecured rates hands down and is fixed.

I just want to check I am not missing something Totally obvious here! (I know if I dont pay - they can reposses).

THoughts welcome.

special0ffer

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Britannia HomeOwner Loans?

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