short-term loan to pay stamp duty?

Chalala

I am moving for a new job and buying a house, and my new employer is picking up the tab for my stamp duty and solicitor fees. They'll reimburse me after the fact, I believe within a few weeks.

I'd like to use as much of my savings as I can for my deposit (I am a first-time buyer), is there any way I can get a short-term loan for the stamp-duty/solicitor fees, that would get paid off within 2 months max? It would come to about £7,000.

I thought about using a credit card, but a) judging from other threads here, it doesn't sound straightforward, and b) I don't think my credit limit is high enough.
I've also just been looking at personal loans on my bank's website, but they don't seem to exist for repayment periods under 12 months, and that's unnecessary interest I'd be paying.

Any suggestions?

Thrugelmir

Perhaps ask your employer to assist. If they liaise directly with the solicitor then shouldn't be any issues.

Yorkie1

Any new credit will probably be picked up by your mortgage lender and could potentially impact on their decision to lend. Therefore do not apply for more credit for this.

Chalala

Thank you both.

Yes, that was also something that occurred to me - how any additional loan would affect my mortgage decision. I could try and apply for a short-term loan after I've been accepted, but I'm still a little paranoid about it messing things up... it's a little unclear to me at what stage and how often banks check your credit rating during the application process.

Going to my employer is a good suggestion - it is a little awkward as I am hoping to buy before I actually start, so my first real contact with the organisation would be to ask them for special money arrangements... but probably worth a try.

ACG

Stamp duty I believe has to be paid within 30 days of completion, im not sure if that is subject to a £100 fee or not but if you speak to the employer and solicitor you may be able to resolve it.