UK - Can I secure a loan against savings? Can I use money/savings as collateral?

Answers:1   |   LastUpdateAt:2012-09-06 12:21:05  

Question
Naviva
Asked at 2012-08-24 08:18:02
I look forward to getting a loan
Answer1Brianna S.Answered at 2012-09-06 12:21:05
I know this sounds like a silly suggestion , but instead of borrow and use your savings as collateral - why not pay for your mobile home with their savings ? This could mean that you have to build your savings back - but you could borrow using your home as collateral if needed mobile raise capital for improvements and so on ... and the amount should not be so large that you will not be able to pay on time - without losing anything MedlinePlus . MedlinePlus Just a thought . Sorry I can not be more helpful .
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