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Loan or Mortgage?
Am looking for some advice. I own my house without a mortgage and I want to borrow about £30,000. At some time in the sadly not too distant future I am likely to inherit considerably more than £30,000. What would be best way of raising this money? I am only on a low income so could not afford high repayments but do not want to be tied into borrowing money and then being penalised for early repayment. Any suggestions most welcome.
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