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jtmerralls
Posts: 17 Forumite
in Loans
I am purchasing goods to the value of £7500.
Do I:
Utilise my mortgage linked account at 4.99%
Personal loan at 2.8 %
Take tax free lump sum from Pension 🤔
Do I:
Utilise my mortgage linked account at 4.99%
Personal loan at 2.8 %
Take tax free lump sum from Pension 🤔
0
Comments
-
Not option 3
Option 2 would seem to make most sense if you can get a loan for enough at that rateI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
That was my thought however monthly payments then need to be made whereas with the mortgage option at 4.99%, I would have far more flexibility on repayments 😊
A withdrawal from Pension pot is not black and white.....0
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