Cheapest way to borrow 10k?

Finished mortgage about 8 years ago so we don't want another one!! Blimey, it is so stressful selling / buying a house. Been out of the loop for 18 years as we have been in present house for that time.
 
Wait, you own a home with no mortgage, yet your looking at other ways of securing 10k? (Assuming you can't acquire a 10k interest free purchases credit card). What on earth for? Just take out a small mortgage that has no arrangement fee and allows you to make overpayments.
 
Murf said:
Wait, you own a home with no mortgage, yet your looking at other ways of securing 10k? (Assuming you can't acquire a 10k interest free purchases credit card). What on earth for? Just take out a small mortgage that has no arrangement fee and allows you to make overpayments.
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Will do. Any pointers to a good company or stick with bank?
 
mike66uk said:
By going down the mortgage route you may have to pay valuation fees on the property that the lender insists on.
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may still well be cheaper than the interest on a 10k loan over 3 years at current lending rates when compared to mortgage rates
 
We are going for a loan as going the Mortgage route will take ages and we need the money quicker. Going to borrow 8k over 5 years, approx £158 a month payback.
 
koolpc said:
We are going for a loan as going the Mortgage route will take ages and we need the money quicker. Going to borrow 8k over 5 years, approx £158 a month payback.
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That seems expensive, have loans really gone up that much? Last time I took out a loan for 10K it only cost me a few hundred in interest (although that was over 3 years not 5).
 
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