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Rakhi Vasavada
Rakhi Vasavada, Financial Advisor
Category: Finance
Satisfied Customers: 4545
Experience:  Attorney and Financial Expert. Have specialization in Financial Laws.Practice experience of over 13 years
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we have a house £550,000 and need to raise £82,000 - I am 60

Resolved Question:

we have a house £550,000 and need to raise £82,000 - I am 60 and cannot get a mortgage - well not easil
is there any way I can raise the money needed against the value of the house without having to pay high monthly repayments?
Submitted: 3 years ago.
Category: Finance
Expert:  Rakhi Vasavada replied 3 years ago.
Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

The only possible way is to obtain a secured loan (loan backed and secured by our house, something like Homeowner's loans) which you can easily obtain at APRs (Interest rate) of around 4 to 4.75% range.

You can compare some best offers here:

You can also see this to find some more options.

I am sure this would help.

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Warm Regards,
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