Why won’t my banks lend me money against my mortgage-free home?
Why won’t my banks lend me money against my mortgage-free home?
I have been thoroughly confused by my two banks’ refusal to lend me money. I own my home outright and it is valued at around £450,000. I owe £38,000 on (mostly) 0% credit cards. No other lending was available to me at the time, and this was accrued due to a somewhat expensive divorce.
I earn around £24,000 a year.
I want to take…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.