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Shortie loan

I need 100000k to provide 50% of the capital to purchase a piece of land for a house build I own my own house value 450k and I want the 100k until I sell my house worst case scenario 12months what's the cheapest way to fund the loan.Good credit score good income.
Cheers

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 14 December 2015 at 7:29PM
    ianmorgan wrote: »
    I need 100000k

    For 100 million? Rob a bank.

    For 100k, remortgage.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ianmorgan wrote: »
    I need 100000k to provide 50% of the capital to purchase a piece of land for a house build I own my own house value 450k and I want the 100k until I sell my house worst case scenario 12months what's the cheapest way to fund the loan.Good credit score good income.
    Cheers

    If only credit scores were taken into account for loans but they aren't.
  • You will need a secured loan of some kind as banks do not lend monies to purchase land or property on a personal loan basis.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    1,000 Posts Combo Breaker Newshound!
    Re-mortgage your house
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