I have bought a house recently in Vernet les Bains and am now about to rewire, replumb, and do a few other refurbishments. I had considered paying for this work from my savings in uk. However, when I opened an account with the BP in Vernet, the manager asked me if I might need a loan, they are charging 5% interest.I said no at the time but given that my hard earned savings in uk are suffering at present with the bear market, after some thought, it seemed perhaps an idea to borrow from BP. Has anyone taken out a loan with them and what does it involve. I don't have any problem with credit checks being made, etc. I just wondered how long it might take to get a loan and does it make sense?
