who does personal loans against property?

Hi people

Could I get a personal loan of some sort or private finance against property I own outright - Nothing owing or bank connections at all in any way to the properties as payed cash . ?

Cheers
 
Hi people

Could I get a personal loan of some sort or private finance against property I own outright - Nothing owing or bank connections at all in any way to the properties as payed cash . ?

Cheers

Don't quite get the question - how can you have a loan with nothing owing? :confused:

Cheers,

The Y-man
 
There are caveat lenders who will lend against the property. Their money usually comes from private funders, often individuals. Rates are high 2-4% per month.

There are plenty of lenders outside the big-4 banks that might be suitable. There are second and third tier lenders.

What's the reasoning behind the question?
 
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