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Loan or re-mortgage?
Hi everyone,
After some help please, I’m looking for a £15K loan for home renovations and I’m able to get a loan at 2.8% over 4 years. My mortgage rate currently is 1.6% fixed, would this mean it’s cheaper to borrow more on the house? Might seem like a really stupid question but whenever I ask someone I get a different answer.
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liammjenkinss said:Hi everyone,After some help please, I’m looking for a £15K loan for home renovations and I’m able to get a loan at 2.8% over 4 years. My mortgage rate currently is 1.6% fixed, would this mean it’s cheaper to borrow more on the house? Might seem like a really stupid question but whenever I ask someone I get a different answer.0
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