Posted on 15 October 2012 by Shirley Dixon
Can you get an interest only mortgage to pay a short term loan against a home fully paid without having another vehicle to pay the capital e.g. the property is the collateral?
Most mainstream lenders would shy away from this type of lending, however there are many bridging lenders who may well be able to assist you. It would really depend on exactly how 'short term' the loan is going to be. Let me know if you'd like to discuss your query in more detail, and I'll get one of our consultants to contact you.
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