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Business Loan vs Mortgage
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Hi I'm self employed and trying to work out the best solution.
I am in the process of joining a Partnership £8000 buy in (which will secure my work in theory) and buying a house.
Is it going to work out better to take out a business loan for 8k or take £8000 out of my deposist? this will not affect my interest rate which will be 4.45% for 5 years.
Any advice welcome :-)
I am in the process of joining a Partnership £8000 buy in (which will secure my work in theory) and buying a house.
Is it going to work out better to take out a business loan for 8k or take £8000 out of my deposist? this will not affect my interest rate which will be 4.45% for 5 years.
Any advice welcome :-)
0
Comments
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what interest rate would you pay on a business loan
would anyone give you a business loan0 -
if it wont affect your mortgage application or the rate offered AND it will secure your job(this i doubt)then yes0
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