The best loan deal

Lizab69

I have a delema all be it a rather nice delema.. I've been left an inheritance. I'm going to use it to pay off my help to buy and mortgage, but it's going to fall short by approx 8k. However, I should be getting some more early next year. This will make up the shortfall. I need to pay both off in the next month. Its not an option to wait untill the rest come due to other financial commitments. I'm looking for advice on the best way to borrow the 8k shortfall for a short period.. If I do a money transfer on a credit card they are 4% and the personal loans have early redemption fees. Any other suggestion or advise please. 

DrEskimo

What's the early repayment fee on your mortgage? Have you factored this in to your costs?

Why can't you pay the mortgage down to £8k and then again when you get the rest? Your just swapping one credit agreement for another (I'm guessing more expensive as well...?).

foxy-stoat

Just clear the H2B loan off completely and make an overpayment on the mortgage so it doesnt charge you the ERC - then make another overpayment when you have your £8,000 extra.