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Secured Loan for £45K?

I Need to raise £45K

I own my home outright (worth approximately £250,000) and would like to know the best way to raise £45K.
For the first 2 years I could pay back approximately £250.00 per month and thereafter £1000 a month, so would not want to be tied to an early repayment charge.

I would appreciate any advice.

Many Thanks.

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    mortgage ,,,,,,,,,,,,,,,,,,,,,,
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • Can you still get a mortgage if you already own the property?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    subject to affordability, credit worthiness, age etc criteria then yes
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • OK thanks, I'll post in the Mortgage section then.
  • sharpy2010
    sharpy2010 Posts: 2,471 Forumite
    If you own your own home outright, theres every chance you'll get the mortgage, even if your credit rating isn't brilliant. Good luck!
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