Borrow now pay later loans??

[mojo17]

Is there such a thing as a buy now pay later loan
I need money now but can't afford to pay it back until next year when I have a large pension coming through and I could pay it all off in one go.
Do organisations do this?
Banks, mortgage people, loan companies?

Is that not the definition of a short term loan?

Is it ? That would good for me then
Is there a limit re amount to borrow because I could be looking for £20,000

When you say you need money now what do you need the money for (if I. Can be cheeky?)

Have a look at one of the consumer webpages for advice.

I thought you had to start paying loans off a bit at a time each month as soon as you got the the money
What I would need to do is not pay anything until next year then pay it all off

Will you be able to make regular monthly payments before your lump sum comes through next year?
Do you have any other pension provision?

X post. Sorry

Which consumer websites?
My position now is
I own a house
I have had no job since January
Finding it very difficult to find work
I will be selling my house to move towns as soon as I can
Looking for work in new town obviously
I have a very large pension coming through next

My thoughts were to sell the house and dispose of very small mortgage and get a loan to last me until pension come through
Meanwhile will hopefully get a job
Is this a plan or just not very well thought out

Have a look at Martin Lewis's website moneysavingexpert.com or moneysupermarket.com

Have you looked at remortgaging to free up the equity you have in your house? You will need to pay fees but you'll need to do that with any loan.

Would I be able to remortgage with no income/job?
Thanks for the website addresses

Oh sorry, no income would make that difficult. Best then to approach your bank and see what they suggest.

Surely if you sell the house you'll have the proceeds of the sale? You won't be able to get a loan unless you can demonstrate you can start paying it back now. If it's very short term cash you need then you may be able to max out your credit cards but you're talking about not repaying for a year.

What do you need the loan for? Can't you get a job? Lodger? Rent house out?

0% balance transfer Credit card don't know if you would need some kind of permanent job. Check it out on Martin Lewis's website.

In your position, I'd exhaust every other option before getting a loan or borrowing on a credit card.

Can you survive until you sell the house? And then live frugally on the proceeds until you are financially settled?

Thank you for all your input I was hoping not to end up doing what chairmeow has said
I am finding it so hard to find a job for some reason so thought that getting a loan would help as trying to find a job and a house in another town one hour away at the same time is tough

Are you entitled to any benefits?

You would struggle to get a loan that big.

The Limit for unsecured loans is usually around £15,000. After that, it's typical for banks to want to secure the debt on something.

You are unfortunately very unlikely to get a loan without income - you'd probably be looking at one of the dodgy borrow for a month style companies that charge 50% APR to even get accepted. Anywhere that needs to apply affordability guidelines would have to fail your application based on your lack of income. That will likely rule out banks etc, unless you've got a lot of savings.

Would a loan secured against the pension coming through be viable?
With all due respect, if I had savings I wouldn't need a loan
I'm hoping to downsize house to be able to pay off the small mortgage left and have some left over to tide me over till I find a job
Benefits would only get me £73 a week which won't pay my bills at the moment

I think you'll have to look at renting the house out or getting a lodger.