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short term secured loans
Hi
I have a property that I can convert from detached into 2 semis detached.
Plan to either live in one and sell one or sell both.
Either way will yield a lot more profit than just selling detached.
I would need a short term loan of about £140K to do the work.
I already have a 90K mortgage on the property . Conservative selling price for 2 semis 420 K
The equity would more than cover the loan amount.
Re their lenders who would offer such loans as opposed to a second mortgage?
I have a property that I can convert from detached into 2 semis detached.
Plan to either live in one and sell one or sell both.
Either way will yield a lot more profit than just selling detached.
I would need a short term loan of about £140K to do the work.
I already have a 90K mortgage on the property . Conservative selling price for 2 semis 420 K
The equity would more than cover the loan amount.
Re their lenders who would offer such loans as opposed to a second mortgage?
0
Comments
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Any loan of that amount will be secured - ie a mortgage.0
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