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Should I increase my mortgage or take out a loan for barn conversion?
poohbear59
Posts: 4,866 Forumite
We have a flexible mortgage which we changed to about three years ago so that we could release money for our barn conversion. The building society is offering an unsecured loan with first three months free and costs seem to be the same for each. I don't really know what to do. We have only seven years left on our mortgage and the new loan or additional mortgage will be for the same length of time. I want to do this the cheapest way possible and I want to be mortgage free in seven years.
I should also say that the plan is to let the barn as holiday accomodation so we will have an income from it when completed.
I should also say that the plan is to let the barn as holiday accomodation so we will have an income from it when completed.
business mortgage £0))''(+ Barclay's business kitchen loan £0=Total paid off was £96105 PPI claimed and received £13527
'I had a black dog, his name was depression".
'I had a black dog, his name was depression".
0
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