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Loan strategy

ro2778
ro2778 Posts: 101 Forumite
Part of the Furniture 10 Posts Combo Breaker
edited 18 June 2016 at 11:56AM in Loans
Short version

I asked would it be a bad idea to borrow money for short term cash flow if the loan was affordable.

Comments

  • You are gambling with money that isn't yours.

    It's a recipe for disaster. Anything offering 5-7% these days is going to be dodgy.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • Arleen
    Arleen Posts: 1,164 Forumite
    1,000 Posts Combo Breaker
    So what is your question? You seem hell bent on doing it, and say that you can afford it so why not just do it?
  • Simon11
    Simon11 Posts: 800 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    When applying for the loan, what did you say the money was for?
    "No likey no need to hit thanks button!":p
    However its always nice to be thanked if you feel mine and other people's posts here offer great advice:D So hit the button if you likey:rotfl:
  • ro2778
    ro2778 Posts: 101 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 18 June 2016 at 11:56AM
    My question is what are the consequences? For example if I want to remortgage and my LTV is 50-70% (as I don't know what would happen to house prices in the event of brexit), would an affordable loan impact on my chances of getting the best mortgage rates? Are there any other consequences I haven't considered?
  • ro2778
    ro2778 Posts: 101 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I think this thread has answered my initial query, so thanks for the responses.
This discussion has been closed.
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