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Secured loan on non-mortgage property
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 7,175 Forumite
in Loans
Is it possible to take out a secured loan on a house that is owned outright?
Some of the lenders listed on MoneySupermarket are asking how much is left on the mortgage before giving a quote. And not allowing £0 as an answer.
Considering a secured loan for house improvements. House was inheritance.
Some of the lenders listed on MoneySupermarket are asking how much is left on the mortgage before giving a quote. And not allowing £0 as an answer.
Considering a secured loan for house improvements. House was inheritance.
0
Comments
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A capital raising mortgage may be more appropriate than a secured loan.
How much are you borrowing?0 -
opinions4u wrote: »A capital raising mortgage may be more appropriate than a secured loan.
How much are you borrowing?
About 10 or £15,000. Credit rating not perfect so won't get a personal loan. Not sure about mortgage.0
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