Short term DIY loan - advice


J

JaffaB

My folks (both retired) are about to move house, and looking for a 30k
loan for a short while to carry out DIY rebuilds on the new house,
before selling the old house. The obvious option is a short term
loan, but I was thinking about the 0% deals on the c/cards with the 3%
loan costs - which would work out cheaper. Any other options of
gotchers on the credit card option?

Thanks

Jaffa
 
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M

Mogga

My folks (both retired) are about to move house, and looking for a 30k
loan for a short while to carry out DIY rebuilds on the new house,
before selling the old house. The obvious option is a short term
loan, but I was thinking about the 0% deals on the c/cards with the 3%
loan costs - which would work out cheaper. Any other options of
gotchers on the credit card option?

Thanks

Jaffa
And what if they don't sell the first house?
 
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G

Gareth

JaffaB said:
My folks (both retired) are about to move house, and looking for a 30k
loan for a short while to carry out DIY rebuilds on the new house,
before selling the old house. The obvious option is a short term
loan, but I was thinking about the 0% deals on the c/cards with the 3%
loan costs - which would work out cheaper. Any other options of
gotchers on the credit card option?

Thanks

Jaffa
If you can buy the things you need, or at least some of them, with a
credit card then you could get a card that is interest free on purchases
and use it to buy the things directly. That way you will avoid the
balance transfer fee.
 

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