Gimme gimme gimme

Reginald · 9 Oct 2015 at 15:02

Hey y'all,

I'm in need of £13k soon. Very soon. How would you go about procuring this sum?

Now for some context! I'm extending the lease on my place and that is the premium agreed with the freeholder. I will probably need the amount in the next 4-8 weeks. Of course I've considered the usual loan / rob a bank approach but with all you clever folks on here I was wondering if you have any suggestions about smarter ways to borrow please?

Thank you!!

Rotty · 9 Oct 2015 at 15:08

how long do you need it for? you can get bank loans for under 4% APR at moment

MooMoo444 · 9 Oct 2015 at 15:10

I have a large amount of money which is tied up in Nigeria - I need a third party who I can transfer it to in order to be able to move it. It's £500,000.

I would be willing to let you keep 10% if you can provide me with your bank account details and name?

Winky_The_Winking_Turtle · 9 Oct 2015 at 15:10

inb4 drugs, obvious answer

Mat · 9 Oct 2015 at 15:10

Have you tried a man after midnight?

Captain Fizz · 9 Oct 2015 at 15:13

Google:
paid clinical trials uk

anything I don't mind · 9 Oct 2015 at 15:13

Sell a kidney.

Reginald · 9 Oct 2015 at 15:15

Rotty said:
how long do you need it for? you can get bank loans for under 4% APR at moment

Realistically about 18-24 months - yeah that's not bad I've seen those floating around - just wondering if there are even cheaper ways to borrow money!

MooMoo444 said:
I would be willing to let you keep 10% if you can provide me with your bank account details and name?

I know a good deal when I see one!
Regina George
Account Number: 01100110011101010110001101101011

dowie · 9 Oct 2015 at 15:16

have you approached your mortgage company? That would be the easiest (and one of the cheapest) solution for most people in this situation. If you're not locked into a fixed rate deal then speaking to a broker and remortgaging may be an option though might need longer than 8 weeks.

Rotty · 9 Oct 2015 at 15:17

Reginald said:
Realistically about 18-24 months - yeah that's not bad I've seen those floating around - just wondering if there are even cheaper ways to borrow money!

you wont get much better for that period, even a CC 0% transfer will cost more because of fees (usually)

Arazi · 9 Oct 2015 at 15:19

Mat said:
Have you tried a man after midnight?

Reginald · 9 Oct 2015 at 15:20

Mat said:
Have you tried a man after midnight?

Are you offering to help me chase the shadows away?

Captain Fizz said:
Google:
paid clinical trials uk

*Squirm* I'll probably end up with an extra arm or something.. terrifying. I'm not that desperate

anything I don't mind said:
Sell a kidney.

Doubt it'd be worth 13k, it's been well used. Probably could trade it for an iPhone

dowie said:
have you approached your mortgage company? That would be the easiest (and one of the cheapest) solution for most people in this situation. If you're not locked into a fixed rate deal then speaking to a broker and remortgaging may be an option though might need longer than 8 weeks.

Already on a fixed rate until about 2017

dowie · 9 Oct 2015 at 15:21

for another way, if confident that you can pay it off within a set period, you could maybe take advantage of a credit card with a promotional period:

http://www.moneysupermarket.com/credit-cards/money-transfer/

would also be cheaper than a typical bank loan but obviously only suitable for people who've got their **** together and aren't silly with finance

dowie · 9 Oct 2015 at 15:24

Rotty said:
you wont get much better for that period, even a CC 0% transfer will cost more because of fees (usually)

eh? what bank loan would be cheaper over 2 years than simply paying a 3% fee for a money transfer card?

edit - on the link above MBNA are doing one with a 1.89% fee even for 24 months

dacads · 9 Oct 2015 at 15:28

Time to get down and dirty?

Rotty · 9 Oct 2015 at 15:29

dowie said:
eh? what bank loan would be cheaper over 2 years than simply paying a 3% fee for a money transfer card?

edit - on the link above MBNA are doing one with a 1.89% fee even for 24 months

as I said "usually"

remember the 3% on CC transfer is a flat fee not an APR and many are 3.9 these days

at 1.89 it will be a better deal

12k over 18 months had a £468 charge at 3.9% , interest on loan would be about £360

dowie · 9 Oct 2015 at 15:30

Rotty said:
remember the 3% on CC transfer is a flat fee not an APR

I know, but you can borrow over 3 years by paying that 3 or 4% fee.

Rotty · 9 Oct 2015 at 15:34

but he doesn't want it for that long

Destination · 9 Oct 2015 at 15:38

Reginald said:
Hey y'all,

I'm in need of £13k soon. Very soon. How would you go about procuring this sum?

Now for some context! I'm extending the lease on my place and that is the premium agreed with the freeholder. I will probably need the amount in the next 4-8 weeks. Of course I've considered the usual loan / rob a bank approach but with all you clever folks on here I was wondering if you have any suggestions about smarter ways to borrow please?

Thank you!!

Can you buy it out?
In England I mean? Here you can buy out your ground rent and own your own freehold, it is a legal right, and costs 9 years ground rent afaik.
Would seem cheaper than 13K.
Are the rules different in England?

EYEREX · 9 Oct 2015 at 15:38

This thread wasn't what i expected