Thursday, Sep 17, 2009
Interest free stamp duty loan - What's the Catch?
Guardian.co.uk: James Caan launches stamp duty loans scheme
Dragons' Den star James Caan offers interest-free loans of up to £50,000 to cover stamp duty and solicitor's fees.
The loans can be taken out over a two- to three-year period and will need to be paid back in monthly instalments over this time.
For example, on a £5,000 loan over a three-year repayment period the interest-free monthly repayments would be £138.89 a month.
What I would like to know:
1) Is there an arrangement fee.
2) How much is the arrangement fee.
3) What is the catch? As the old saying goes - if something seems too good to be true, it usually is!
Posted by ra02127a @ 03:02 PM (126 views) Add Comment
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