Best option

[dontknowwhat]

What would be my best option for a loan or mortgage max �20.000 to buy my council house. I would hope to repay finance within 12years longest.

[beryllium]

Hi There,
Here is a list of all mortgage providers in the Uk. I would opt for a mortgage over a loan as they are flexible.
Use the mortgage calculator to work out your repayments according to the rate % being quoted.

http://www.moneyexpert.com/Directory/MortgageP roviders.aspx

http://www.bbc.co.uk/homes/property/mortgageca lculator.shtml

Take your time to read them all.

[kujawski]

ive just got a mortgage with cheltenham& gloucester they are quite good,

especially for the small amount you need. Where in the uk are you?

[EverClean]

Speak to a mortgage adviser. They will do the leg-work for you so you don't have to read MoneySavingExperts links to 150+ lenders.

Get professional advice.

[beryllium]

I disagree with you Evergreen.
Do your own research and cut out the middle man. Not only that, Mortgage Advisors only represent a few of the market, and sell their own products.

They're called Money Saving Expert for a reason lol.

[johnny37]

I just entered the details you give into Moneysupemarket.com and they say there is not a mortgage that meets your criteria. They do however give a phone number where you can speak to one of their advisors 0845 345 5705. Go into the website and have a look. You may be able to provide more precise information. If they do find a product for you their fee is �195, paid after completion. A straight loan might be diffcult to find as you do not have the house a security at this stage, as you would have with a mortgage.

[dontknowwhat]

Thanks very much to all of you for advice. Have now recieved offer from council to purchase house for 21500 so will now look at what is available to me

Again many thanks

[rosekat]

yes thats right. buy another council house so there is one less for people that really need it.

[dontknowwhat]

Yes Rosekat

Now forced into position of buying a house I was born in over 50years ago and might I add have paid for over and over again in rent. I would never have done so if I could look forward to a retirement where I would be able to pay rent and be able to look after myself without having to go begging to Government for handouts. This is a house where most of repairs have also been done by myself and improvments also. I worked hard to do so .
In an ideal world I would never have put myself in this position but thats life I have shed many tears over this decision but sadly I am having to rreview my long held principles to look after ME and not ask others to do so,