We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Remortgage v Home improvement loans
Kevin23513
Posts: 1 Newbie
in Loans
hi all, we are going to put extension on our home.
could someone advise me on good websites to use to look at which is best to do, remortgage or home loan.
We currently have good equity in home and the approx amount we require is £35k.
thanks
could someone advise me on good websites to use to look at which is best to do, remortgage or home loan.
We currently have good equity in home and the approx amount we require is £35k.
thanks
0
Comments
-
It depends on your circumstances, the payback period, the period over which you could spread the funds and the rates you can get on each.0
-
Typically in the UK, the most unsecured debt you will get in a loan is 20-25k, some sort of mortgage advanced might well be cheaper given the low interest rates
0 -
I think these days mortgages are much cheaper and much more flexible than personal loans0
-
I disagree with this. Income depending, I have seen loans for much more.Deleted_User said:Typically in the UK, the most unsecured debt you will get in a loan is 20-25k, some sort of mortgage advanced might well be cheaper given the low interest rates
Op it depends what you want to do for home improvements. Any debt to be consolidated?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards