Best way to borrow against my own money

acs901

I want to buy a property and I have the cash to do so. However about half the value is tied up in fixed rate savings accounts for up to 18months. What is the best/cheapest way to borrow against the property or the cash itself for 18 months?

--
John

jonesMUFCforever

Can you afford a mortgage - even on interest only term?

opinions4u

You could pay whatever penalty is due on the savings account, if an option. Or take a mortgage out with no ERC. How much are we talking about and which provider are the savings with?

Are you planning to live in the house?

acs901

My instinct is that mortgaging for just 18m would be expensive in charges, and I'm self employed so it may be tough for me to raise enough anyway. I do plan to live in the property. I did post this question without checking if I can withdraw early with penalties so Ill go and do that.

[Deleted User]

there will be penalties,but probably far cheaper than taking a short term mortgage