Advice Needed - Take out loan or go for multiple credit cards to raise 40K to buy back home

BrassicWoman

I can't see the bit where you have planning permission. Isn't it just a big garden without that?

foxy-stoat

CatAdams wrote: »

Yes but I could also get my property back and debt written off. It won't happen otherwise. It's a gamble. I appreciate your words of caution though, and I'm wondering whether I could secure a private buyer for a half acre site before borrowing anything to pay the bank off with.

This is never going to fly.....unless you find someone with £50K in cash that has nothing in between the ears.

Penelopa.Pitstop

I would start with a loan, you might be able to get £25K, who knows. Lloyds now offers loans up to £40-50K for some customers. But I don't think you have any chance to get it from cards if you don't have them already with high limits. You can do dry run application for loan on Lloyds website. They will tell you how much you can borrow and at what APR.

Herzlos

No-one is getting a £25k loan on a £20k salary, unless it's a mortgage.