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Loan based on the value of a site

timtru · 2011-06-22 13:26:02

Hi, We have to do up our house to meet our needs and unfortunately we are in negative equity and need some cash to do it up. My question is: where can we get a decent loan eg relatively low interest for around 30k from? We have one asset a site worth around 35k. We are now wondering if there is a any way to release equity…

22-06-2011 1:26pm

#1

timtru

Registered Users, Registered Users 2 Posts: 16 ✭

Join Date: February 2007

Posts: 12

Hi,
We have to do up our house to meet our needs and unfortunately we are in negative equity and need some cash to do it up.

My question is:
where can we get a decent loan eg relatively low interest for around 30k from?
We have one asset a site worth around 35k. We are now wondering if there is a any way to release equity or get a loan based on this site.
Any other recommendations welcome.
thank you

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Comments

#2 22-06-2011 6:54pm

cookie1977

Registered Users, Registered Users 2 Posts: 6,794 ✭✭✭

Join Date: July 2009

Posts: 6623

Credit union. But you'd need to be a regular saver. Not too much but just to be seen to be in and out frequently with a few bob to put aside.

Have you been to a few banks to discuss options at all yet?

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