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Loans and esw1

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Hello peeps
not sure if this is the correct thread but.. can you get a secured loan against a property with no ESW1? 
I need to borrow 40k but I’m trapped in a 700k property that has the value of £0 due to cladding.
there has to be a way, any idea?
tia

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If the property has a value of £0, then there is effectively nothing for the lender to secure against.

    You would need to look at unsecured (in smaller amounts).
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