I need a loan for further education (after uni) is it possible to get a loan which is secured by my mums house
I have recently graduated from university and I am finding it difficult to make a break into the industry that I studied without possessing further practical qualifications. The problem that faces me is that I would like to attend a 4 month fastrack course which will give me all the extra qualifications required but I can not afford to do so without borrowing money. I realise that their is the option of a Career Development Loan, however I am looking for around £14,400 which is about £6,400 more than the CDL covers. My mother, who is a widowed housewife, owns our house outright (value of around £320,000) and has a steady income to keep herself going from capital in the bank. She is willing to back a loan for me using her house as a guarantee. My question is whether or not this is possible and with who? Many thanks.
Please leave your mama’s house out of this. Find another way!
