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Flexible Mortgaes

goose567
goose567 Posts: 3 Newbie
in Mortgages & endowments
Hi,
I need help?
Can anyone please help me find the cheapest option to borrow £40000 for an extension i am building. I have been to Nationwide and they have advised me to take out an Flexible advance mortgage at 7.24%. The reason why i want a flexible loan is because i will be able to pay it off in full next year and i do not want to be charged for repayment of the loan. I do not want to take out a secured loan as these are dodgey. Any help will help.

Cheers

Comments

  • Mr_helpful
    Mr_helpful Posts: 3,233 Forumite
    goose567 wrote: »
    Hi,
    I need help?
    Can anyone please help me find the cheapest option to borrow £40000 for an extension i am building. I have been to Nationwide and they have advised me to take out an Flexible advance mortgage at 7.24%. The reason why i want a flexible loan is because i will be able to pay it off in full next year and i do not want to be charged for repayment of the loan. I do not want to take out a secured loan as these are dodgey. Any help will help.

    Cheers
    you just really need the cheapest rate for a no redemption penalty mortgage. A no fees broker should be able top help. use google
    I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)
  • goose567
    goose567 Posts: 3 Newbie
    Thanks Mr helpful
  • MortgagesInc
    MortgagesInc Posts: 156 Forumite
    It does depend if you've got an existing mortgage on the property lready though.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • goose567
    goose567 Posts: 3 Newbie
    Hi MortgagesInc,
    I have an existing mortgage on my property of £71K and the property is worth £260K. The mortgage is with Nationwide. I'm still looking for the cheapest and most secure option to borrow £40K and be able to pay it back in full end of next year without paying any charges.

    Thanks for any comments.:beer:
This discussion has been closed.
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