Best way to borrow c£25K short term?

Best way to borrow c£25K short term?

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Vron

Original Poster:

2,538 posts

215 months

Sunday 1st August 2010
quotequote all
Have sold my house finally and we are due to exchange imminently. This has put me under pressure to find somewhere and frankly most places I have looked at are a dump inside so possibly need to borrow a bit of extra dosh (c25K) to fund a better house purchase.

The situation is I am porting my existing small mortgage over from the woolwich (base + 0.17 tracker don't want to cancel at that rate.I only have 6 months to port it after repaying it on completion of the sale so rental not an option) so if I go down the mortgage route for additional borrowing it therefore has to be with the Woolwich.

Their deals don't seem too bad but there are no mortgages that I can see on their site without early repayment fees and you cannot overpay any more than 10% in each year? I would be able to pay off the £25K in a year?

Are there any short term loans at decent rates without early repayment fees?

ringram

14,700 posts

254 months

Sunday 1st August 2010
quotequote all
zopa has no early redemption periods.
If you are A rated you should pick something up in the 7% range.

apguy

827 posts

254 months

Monday 2nd August 2010
quotequote all
Woolwich has a standard variable rate mortgage, no setup fees, no repayment charge and you can overpay as much or as little off as you like.

(I know this as I too have a Woolwich 0.17 over base tracker, that I ported to my new house and needed to top up the mortgage.)

Vron

Original Poster:

2,538 posts

215 months

Monday 2nd August 2010
quotequote all
apguy said:
Woolwich has a standard variable rate mortgage, no setup fees, no repayment charge and you can overpay as much or as little off as you like.

(I know this as I too have a Woolwich 0.17 over base tracker, that I ported to my new house and needed to top up the mortgage.)
Thanks will look into that, couldn't find it on their website