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Additional Borrowing?
mikeywills
Posts: 929 Forumite
Now I have never had to do this before, so I am not sure what is the best option to go for. Is it better to borrow additional money to do renovations on your home with your mortgage, or should it be done via a personal loan.
We have a very good credit history, so I know that wouldn't affect us, its just Martin says not to borrow money against your home, which this obviously would be.
I have looked into the rates and I cannot find a personal loan to borrow £20K, below the 5.68% my building society are offering me.
So is it then better to borrow through my mortgage?
We have a very good credit history, so I know that wouldn't affect us, its just Martin says not to borrow money against your home, which this obviously would be.
I have looked into the rates and I cannot find a personal loan to borrow £20K, below the 5.68% my building society are offering me.
So is it then better to borrow through my mortgage?
I had a plan..........its here somewhere.
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