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Loan based on the value of a site

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  • 22-06-2011 2:26pm
    #1
    timtru
    Registered Users Posts: 16 ✭


    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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    #2
    cookie1977
    Registered Users Posts: 6,794 ✭✭✭cookie1977


    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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