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8K Loan or Mortgage ~ best option please?
Hi There
I need to borrow 8k for a divorce settlement and want to know the best way to borrow this money, would it be have a mortgage or a loan?
Currently have a 62k mortgage on an older good rate (0.58% above base rate) and dont want to remortgage the new amount of 70k as I will have to move onto a newer higher rate.
I would be looking to pay back between 5 to 12 years I think.
Your advice would be greatly appreciated and thank you in advance.
Many Thanks
I need to borrow 8k for a divorce settlement and want to know the best way to borrow this money, would it be have a mortgage or a loan?
Currently have a 62k mortgage on an older good rate (0.58% above base rate) and dont want to remortgage the new amount of 70k as I will have to move onto a newer higher rate.
I would be looking to pay back between 5 to 12 years I think.
Your advice would be greatly appreciated and thank you in advance.
Many Thanks
0
Comments
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Ask your current mortgage lender for a further advance.0
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I have but this would be on a different terms to my current mortgage. Variable 4.69% above base rate ~ discounted for three years.0
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...which will be vastly cheaper than any personal loan0
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