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TOPIC: short term loan
#7894
short term loan  
Why do you think you need a 'bridgiong loan' tell us why you want it and there may be a better way. (The term 'bridging loan' is widely misused) Thanks for the reply. I have a £20,000 Woolwich Bond which doesn't become accessible until February 2001. I now  need that £20,000 to add to what I already have available to purchase a house.  I believe that a 6 month loan will be substantially less costly than the same loan taken out for a year. So, I'm looking for the shorter term loan. This can be a 'secured' loan then, since you can hand the bond to the bank/bsoc as security. Try the Woolwich .. they may even take pity on you, since the bond it with them, failing that you should be able to get ~2% over _base_ rate from your own bank, if you have security to offer.
 
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#7896
short term loan  
This can be a 'secured' loan then, since you can hand the bond to the bank/bsoc as security. Try the Woolwich .. they may even take pity on you, since the bond it with them, failing that you should be able to get ~2% over _base_ rate from your own bank, if you have security to offer. Thank you for your advice which I intend to follow. Melanie
 
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