Scottish Elises

For anybody who is interested, Santander are doing a loan rate of 4.6% at the moment, ends in two days, of upto £15,000.

Just applied for it online, took 5mins, instant e-mail saying that I had been accepted and the funds would be in my account within three days. Payback is £16,400 over four years, so a pretty good deal.

http://www.santander-products.co.uk/loa ... nder_loans

tut

If you put that in the right stocks ISA you could make 5-10% per annum Tut.

Where are you planning to invest it?

In Ian's bank account so that he can pay off his debts in one, then start again.

He will make the monthly payments by Std Ord into my account.

tut

Knee?

Nothing yet Robin, the gears of NHS grind exceedingly slowly.

However he is getting a quote for going privately. He has BUPA but that came after the knee injury.

tut

Received an email yesterday from Santander, this loan is now down to 4.5% APR. Has borrowing money ever been this cheap before ?

Regards,

Jeremy

I had one or two loans at 4% or thereabouts in early-mid noughties.

Our mortgage rate has been beneath this level for longer than I can remember...but that's a bit different as it's longer term than your average personal loan I guess!

Definitely an investment opportunity if you know what you are doing...or your IFA does

Jeremy wrote:Received an email yesterday from Santander, this loan is now down to 4.5% APR. Has borrowing money ever been this cheap before ?

Regards,

Jeremy

Friend got a loan last week, this deal was beaten by Zopa at their normal rate. If anyone's getting a loan and considering Zopa, let me know, will go halfs on the referral money if it goes through me .

woody wrote: Zopa

4.8-4.9% as far as I can see ? Not that I'm looking to borrow money anyway so I really must stop looking, before some man maths equation involving a crusty old M5 pops into my head.

Borrowing on the mortgage is a smart way to do it Campbell as long as you can overpay by the same terms as you would on a personal loan and bring your mortgage back in line 3-5 yrs down the road. The only danger being the uncertainty of the mortgage rates of course.

Regards,

Jeremy

We have had a rolling suite of excellent mortgage products from Yorkshire Building Society for almost exactly 15 years now. Varied between Fixed Rate and Tracker deals, carefully selected by me according to market conditions and fine judgement / blind faith [delete as appropriate!]. These have taken a fair amount out of the uncertainty around interest rates, although currently I think it's fairly certain that they are not going to rise much more than 25 to 50 basis points over the next 2-3 years.

Please note, I am not authorised by the FCA to provide financial advice