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Homeowner on benefits needing loan

ScotDogLady · 2017-10-30 13:14:55

Hello :wave: Is anyone able to tell me if it's possible for someone on DLA and ESA who owns their home outright to get a large ish loan? I urgently need to borrow £10-15,000 to repair the roof on my house. I have serious, long term water ingress problems with my roof and have been quoted £11,000 plus vat to renovate the…

Comments

Herzlos Posts: 16,417 Forumite

31 October 2017 at 3:54PM

Shakin_Steve wrote: »

Not trying to pour cold water on the selling theory, but it would certainly be a very hard sell, I would imagine. With no heating and a dodgy roof, it might appeal to someone as a project, but I can’t see a queue forming.

It'd certainly need to be priced accordingly, but a lot of people look for doer-uppers as a way to make a profit or to get on the ladder for cheap.

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