Q&A

Answer a question




14 May 2009

Arranging a secured loan privately with another individual?

If I could find a suitable investor could I come to an agreement with them to lend me some money? Or are there laws (FSA?) preventing this? I get the impression that there are lots of people out there who are very unhappy with their savings rates. I am quite unhappy with my borrowing rates. I think we could agree on a rate higher than their savings rate and lower than my loan rate. I have clean credit history and can secure the loan on property and presume a solicitor could draw up the agreement. I'm talking about more than the £15k Zopa limit.

  • REPORT This comment has been reported.

4 Answers

Answers


Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Similar Questions


Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.