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  • FIRST POST
    • kazco
    • By kazco 3rd May 17, 9:45 PM
    • 1Posts
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    kazco
    Home improvements
    • #1
    • 3rd May 17, 9:45 PM
    Home improvements 3rd May 17 at 9:45 PM
    We are looking to get a loan for 20,000 for some home improvements. we are lucky enough not to have a mortgage anymore but we don't know whether to remortgage, take out a loan or equity release. Can anyone give us some advice? Thanks
Page 1
    • zx81
    • By zx81 3rd May 17, 9:49 PM
    • 16,800 Posts
    • 17,812 Thanks
    zx81
    • #2
    • 3rd May 17, 9:49 PM
    • #2
    • 3rd May 17, 9:49 PM
    You're unlikely to get a mortgage for a sum that small, and equity release would be an expensive option in the long run, even if you're old enough to qualify.
    • mcpitman
    • By mcpitman 4th May 17, 8:12 AM
    • 538 Posts
    • 367 Thanks
    mcpitman
    • #3
    • 4th May 17, 8:12 AM
    • #3
    • 4th May 17, 8:12 AM
    As said above, looks like a secured/unsecured loan is the way forward.

    This will depend on a number of factotrs as to which o[ption is best for you, length of repoatyment, repayment amount, affordability criteria etc etc
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