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What’s a bridging loan?
Asked by unknown
1 Answers
Bridging loans are a short-term finance option, typically used by property buyers to ‘bridge’ the gap between the sale of their current home and completion date on the purchase of their next home.
Is it bad to give loans to friends?
Asked by unknown
1 Answers
It is a horrible idea if you value the friendship. If you are determined to help a friend out by giving them a loan, it would be best if you simply consider it a gift. You don't have to tell them that it is a gift. But if you don't expect repayment, if by rare chance it actually happens, it is simply a bonus.
What’s the best way of working out the cost of loan?
Asked by unknown
1 Answers
The APR (annual percentage rate) is often very prominent, but it's not the only figure you should look at. It's best to focus on what your monthly repayment will be as well as the Total Amount Payable.