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.

LOAN FOR HOUSE?

hi. i dont know if anyone read my other msg today.
but i want a house urgently as i'm sick of moving and renting. is it a good idea for me and my partner to get a loan for a house? we dont have any savings as were paying off the car. we wanna move asap and i'v seen houses for about 72000. any ideas????

Comments

  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    your probably better posting this in the mortgage section of the messageboards, will get better responses there from experts
  • scheming_gypsy
    scheming_gypsy Posts: 18,410 Forumite
    i'm no financial expert but i wouldn't say a loan is the best idea. the best interest rate you'd get for a loan is around 5.8% which is higher than a mortgage, plus that's a fixed rate and the mortgage rates can drop as well as rise...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.8K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.