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Loan for home extension

Posted by: Charles, 19-Jul 08:51
Do people generally get a loan to pay for a house extension (it's a loft conversion which will cost about £55k all in) or extend their mortgages?

Charles

Re: Loan for home extension

Posted by: vvvv, 19-Aug 18:12
extend your mortgage if you can as the rates are better. Of course, you can pay back a loan quicker than mortgage, but the rate on your mortgage will mean you can get more cash if you need to.

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