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Secure Loan

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DONNA1458 | 14:59 Mon 09th Jul 2007 | Business & Finance
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Can you take out a secure loan on an interest only mortgage and how long do you need to be paying off the mortgage before you can apply?
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Avatar Image Ethel
Do you mean you want another loan against your property?

You want to remortgage?
15:14 Mon 09th Jul 2007
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got a property that i am selling after doing it up and want to buy one i have seen to keep on an interest only mortgage then get a secured loan to buy a business.
15:35 Mon 09th Jul 2007
Avatar Image Oneeyedvic
Yes what you have described is very possible.

You may need to wait up to 6 months before you can get a secured loan - but this is dependent on your mortgage company
15:48 Mon 09th Jul 2007

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