Help please. Which type of loan/equity release would I need for this?

[GreenComet]

I need to do some large bits of repairs/renovation before I sell my house to downsize.
It’s worth approximately 310k, outstanding mortgage of approximately 140k.
I want to borrow about 15k for the repairs stuff.
I would like to pay it back asap out of the house sale money- which will (hopefully) be within the same year of repairs.
Can’t get a direct bank loan for this large amount, so was looking at an equity release thing but they say you pay them back upon death or go into a home.
What sort of loan thing would I need to look for please?

Are you saying you can't afford/won't get accepted for a personal loan due to income/affordability?

Are the repairs essential to the sale or could you sell your property in it's current state?

If it's likely to make sense to borrow the money to do the repairs, could you ask for additional secured borrowing/home improvement secured loan for as long a period as possible on your lender's standard rate so there's no repayment penalty when you pay it off early. Likely problem would be if your income won't support the additional borrowing and/or you couldn't afford the repayments in the meantime.

You could ask for an interest only loan to keep the repayments low. Success would depend on whether your lender does manual underwriting/takes a common sense approach to your plan, or could you be tripped up by 'computer says no'.

"If it's likely to make sense to borrow the money to do the repairs, could you ask for additional secured borrowing/home improvement secured loan for as long a period as possible on your lender's standard rate so there's no repayment penalty when you pay it off early. Likely problem would be if your income won't support the additional borrowing and/or you couldn't afford the repayments in the meantime. "
Thank you for this advice, I had not considered this. Ty @BarbaraofSeville

Hey, you may be able to consider additional borrowing with your current mortgage lender. I’m a mortgage broker if you’d like a chat about your options drop me a message and I’ll help where I can 😊.

@Hack221 Thank you. I will keep it in mind 😊