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Why wont anybody lend....desperate for advice

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  • happycamel_2
    happycamel_2 Posts: 592 Forumite
    Rather than taking a loan and then paying back the capital plus interest for months on end, wouldn't it be better to save up and buy the stuff outright? That would reduce risk too as he's going from a salary to the income of a trainee electrician and, presumably self employed.
    I'm a qualified accountant but please make sure you get expert advice as any opinion is made in a private capacity.
    "A goal without a plan is just a wish" Antoine de Saint-Exupery

    Mortgage overpay 2012: £10,815; 2013: £27,562
    Mortgage start £264k, now £232k
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