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Home improvements

We are looking to get a loan for £20,000 for some home improvements. we are lucky enough not to have a mortgage anymore but we don't know whether to remortgage, take out a loan or equity release. Can anyone give us some advice? Thanks

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You're unlikely to get a mortgage for a sum that small, and equity release would be an expensive option in the long run, even if you're old enough to qualify.
  • mcpitman
    mcpitman Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As said above, looks like a secured/unsecured loan is the way forward.

    This will depend on a number of factotrs as to which o[ption is best for you, length of repoatyment, repayment amount, affordability criteria etc etc
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
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