Hello,
I'm wondering what is the best way to borrow 20 grand for one year and then replay it all in one lump sum?
I currently have 25k of shares that I can cash now and pay income tax OR I can wait a year and cash them in without paying income tax. Obiviously I'd rather wait a year but building the extension can't I'm afraid.
I'm hoping to borrow 20k now without any monthly replayments for the next year and then replay the whole lot off in one year. Is this possible? Any ideas what is the most cost effective way of doing this?
Kind Regards.
I'm wondering what is the best way to borrow 20 grand for one year and then replay it all in one lump sum?
I currently have 25k of shares that I can cash now and pay income tax OR I can wait a year and cash them in without paying income tax. Obiviously I'd rather wait a year but building the extension can't I'm afraid.
I'm hoping to borrow 20k now without any monthly replayments for the next year and then replay the whole lot off in one year. Is this possible? Any ideas what is the most cost effective way of doing this?
Kind Regards.