Evening all I'm just wondering if I was to get a personal loan could I use it to purchase a house with? I've seen a bargain 2 bed house in my area for oiro 40k (yes house prices are cheap in the north east) Im short by 15k and I thought would it be cheaper to buy it outright with the difference added off a personal loan rather than get a mortgage? My intentions are to either renovated it for a quick sale or to rent it out, My bank is offering me a 25k loan at 3.1% Apr repayments £449.84 per month over 5 years 10k more than I need for fees and renovation Would this be a better solution rather than a buy to let mortgage? And is it allowed? Thanks.