[Sammy_boy89]

I want to take a loan out but I only need it for a year. When I remortgage I will pay the loan off and transfer it onto my mortgage.

My question is can I get a loan for say £12,000 over 10 years, this will bring my repayment as low as possible. Then pay it off within a year? If so how much extra fees will I have to pay. I know it states that I will be charged 2 months interest but is that all it will be?

[ChristopherP]

@Sammy_boy89 Hey there, thanks for getting in touch!

You can find out more about how to pay off your loan early and the fees/impact it will have on your borrowing here.

I hope this helps 😊