If you need £50,000 then can I suggest you go for a 125% mortgage on a £200,000 property.  This could be the remortgage of your own home or the purchase of a new home – its up to you!  And the great thing is they’ll pay for the valuation of the property.

I’ve ENLARGED the small print for you:

Available in England and Wales only..

Total loan available is 125% , (95% loan secured and 30% as an unsecured loan),

maximum advance £250000.

Qualify for Privilege Rate (currently 6.28%) on the 01/06/2011.

Capital repayments up to 10% allowed each year without penalty.

Lenders acceptance is based upon affordability, the income multiples shown above are for guidance only.

Free Valuation up to £650.

Lender charges interest on a daily basis.
Arrangement fee shown is made up by £570 arrangement fee and £199 non refundable booking fee.

To apply for this mortgage then fill out our easy form - click here.

Ajay.

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Posted on: 26th February 2008 @ 15:54:00