D
dancork
Guest
Hi all,
I am currently building a house in East cork.
However the banks won't lend as it is on a site and they won't do stage payments.
I have funded the property up to floor level from my own money. I own the site. I have about €30,000 in savings in personal and a business account. I am self employed and I am doing ok despite a savage recession. I earn about €2,300-€3,000 net a month, it varies. I have no existing loans and no mortgage.
I am wondering what is the best way forward?
I can afford to cover the house roof, slate it and put in windows. But then I am stuck and wont have money to show banks my level of savings. I think the banks are a waste of time and their personal loans rates are about 10.5% expensive in my view. Would a credit union be better? I would appreciate any advice thanks a mil,
Danny
I am currently building a house in East cork.
However the banks won't lend as it is on a site and they won't do stage payments.
I have funded the property up to floor level from my own money. I own the site. I have about €30,000 in savings in personal and a business account. I am self employed and I am doing ok despite a savage recession. I earn about €2,300-€3,000 net a month, it varies. I have no existing loans and no mortgage.
I am wondering what is the best way forward?
I can afford to cover the house roof, slate it and put in windows. But then I am stuck and wont have money to show banks my level of savings. I think the banks are a waste of time and their personal loans rates are about 10.5% expensive in my view. Would a credit union be better? I would appreciate any advice thanks a mil,
Danny