We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
£50,000 loan to get on the market ...
Hello everyone,
Need a little advice here! I've found what I believe is a really good way to get onto the housing market (im 23 and living at home!). The problem is I need a 50,000 loan (I can't get a morgage for the purpose i need). Ive been told i need a commerical loan over 10 years (although I will pay it back in full over 5 max).
Wheres the best places too look for such a loan?
Cheers
L
Need a little advice here! I've found what I believe is a really good way to get onto the housing market (im 23 and living at home!). The problem is I need a 50,000 loan (I can't get a morgage for the purpose i need). Ive been told i need a commerical loan over 10 years (although I will pay it back in full over 5 max).
Wheres the best places too look for such a loan?
Cheers
L
I've just started entering the competitions (July 07). When I win I'll update this signature. Look on the bright side, I shouldn't have to update it very often.
0
Comments
-
Is it possible to get an unsecured £50,000 loan? I would doubt it (too much risk involved for the lender). I would say you have to get a mortgage - are mum and dad helpful enough to got one for you?
EDIT: what is your really good way to get on the housing market?I'm married now! Yippee!0 -
Thanks guys for this. I think I can convince the lenders with my figures etc for my plan!!! here's hoping!I've just started entering the competitions (July 07). When I win I'll update this signature. Look on the bright side, I shouldn't have to update it very often.0
-
What's the plan? Please do tell!I'm married now! Yippee!0
-
Yeah come on! Tell us!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards