We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Home improvements. Re Mort or Loan. Help!
Options
peteatreat
Posts: 6 Forumite
Hello. We are in the very fortunate position of having only 5k left on our mortgage. We need to now extend our property and are looking to raise approx £25k for the work. Would it be better to contact our existing lender for a Home Improvement Loan or consider a Re- Mortgage. Obviously we are after the cheapest rate and wish to avoid if possible arrangement fees etc. We also intend to clear the extra borrowing asap so we do not want to be tied into a fixed rate deal. Any help would be appreciated. Thanks.
0
Comments
-
Quote: Home Improvement Loan or consider a Re- Mortgage........It's the same thing.........
You are borrowing some one else's money ...you have to pay for the privilege...so don't be surprised if costs are involved
You could take a personal loan but rates are higher then mortgage rates......0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards