Funding a decrepit old timer
Discussion
I am unsure if anyone can help me with what seems a fairly simplistic Question for this forum.
I Would like to borrow around a £100k for approximately 12 months. At the age of 72, notwithstanding the fact that I own my £600k house I am struggling to find anybody prepared to advance me a loan. A large number are prepared to buy a slice of the house to release equity but they seem most Unwilling for me to actually pay the money back !
I appreciate quite high charges may be involved but can anybody point me in the direction of a good way forward or should I abandon the idea now ?
I Would like to borrow around a £100k for approximately 12 months. At the age of 72, notwithstanding the fact that I own my £600k house I am struggling to find anybody prepared to advance me a loan. A large number are prepared to buy a slice of the house to release equity but they seem most Unwilling for me to actually pay the money back !
I appreciate quite high charges may be involved but can anybody point me in the direction of a good way forward or should I abandon the idea now ?
From the title I had an image of a classic car parked in a hedge!
While I can't help you myself there are a lot of very helpful people on here who probably can advise.
It might be helpful to give as much detail as you can. I guess you might need as a minimum some kind of health check-up or be prepared to assign part of your estate to clear the debt should anything unexpected happen.
While I can't help you myself there are a lot of very helpful people on here who probably can advise.
It might be helpful to give as much detail as you can. I guess you might need as a minimum some kind of health check-up or be prepared to assign part of your estate to clear the debt should anything unexpected happen.
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