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Can i get a mortgage or loan? Please help!
supersally
Posts: 124 Forumite
Hi im needing some information about if i am able to borrow upto £10,000 through a bank loan on a £8500 yearly income self employed? Ive never took out a loan or mortgage before so i do not know the procedures i will have to go through, Preferably by the end of this week , any information will be appreciated. Thanks
:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:
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Whats the price of the house?0
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£80000 we only need about £10000 more.:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:0
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I am still a bit confused.
Are you buying a place for £80,000 and you already have £70,000.
If you only need £10k and I have the scenario correct then you will have no trouble at all.
You will need to ascertain your monthly budget and then see which one is most cost effective...
Good luckI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Hi yes sorry we already have £70000 and only need £10000 more to purchase the house , so do you think we shudnt have any problems getting the money from the bank and how long will it take?:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:0
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Also will it be possible on my yearly income?:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:0
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Subject to your credit score, you can walk in and get it the same day as an unsecured loan.
Whether that is good advice would depend upon your circumstances and what you can afford to repay each month.
If you want the lowest monthly repayment (value) then a mortgage would be cheaper (per month) as over a longer period of time. It will cost more in the long run so may not be suitable for you...I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Ok thankyou so how much roughly will i be having to pay back each month on an unsecured loan?:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:0
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Varies quite a bit and will depend upon the length of the term.
Go to your own bank or on their website and it will tell you quite easily...I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thanks ill do that .:cool:IF AT FIRST YOU DONT SUCCEED DESTROY ALL EVIDENCE THAT YOU TRIED:cool:0
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