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options for loan??

fritz1968
fritz1968 Posts: 17 Forumite
i need to raise £30,000 quick!!!

i can pay back £20,000 in the first month, and rest within 12-18 months.

what are my best options???

Comments

  • happybroker
    happybroker Posts: 1,301 Forumite
    that really depends on your circumstances.

    Beware if looking at secured loans, borrowing over £25k could result in early repayment charges if you redeem all or part of the loan early, below that you will probably pay something but the amount is limited by the terms of the CCA but get advice as interest rates vary wildly and watch out for the cost of ppi (as usual!).

    If you are a home owner speak to a whole of market mortgage broker for advice. You may be able to borrow extra from your mortgage lender and depending who that is they could turn something like this around pretty quickly.

    Many brokers will have access to secured loans also but keep the above in mind.

    If your credit history is clean, your income stacks up and you can afford it some of the high street banks offer unsecured loans as high as this.

    Good luck
    Happily an ex mortgage broker!
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    sam_david = spammer :spam::spam:
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