The best way of securing a large sum of money is to save. You should compare your income to your outgoings, and if necessary, reduce your outgoings by switching to cheaper insurance, broadband or television deals, or shopping more efficiently. The more money you can save every month, the quicker your savings pot will grow.
If you do not have time to save, then you could ask a friend or family member to lend you the money that you need. This is an attractive option as it is unlikely that they will charge you interest and may allow you to repay in full once you have saved the required amount rather than making monthly payments. However, borrowing money and failing to repay it is the quickest way to sour a relationship. Therefore, if you choose this option, make sure that you agree on the terms and conditions of the loan, and if possible, have them formally written into a family loan agreement [8].