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Britannia HomeOwner Loans?
special0ffer
Posts: 24 Forumite
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
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
0
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