The last 12 months have not been good for secured loans. By all accounts, the market has been flat since the start of 2016. However, that has banks eyeing room for growth for the remainder of 2017. There is plenty of room to grow if banks are willing to compete.
Banks have been pretty lax with credit card lending for the last 18 months or so. Fierce competition has led them to extend more generous credit card offers with more liberal terms. But those are coming to an end, according to the BoE. Conversely, secured lending could be poised for growth.
Debt consolidation is one way to pay off credit cards, personal loans, and other forms of credit weighing down a person's budget. As such, the loans are extremely popular in the UK. Smart debt consolidators know the strength of consolidation loans and how to use them to settle their debts.
The home refinancing market looks to have a strong 2017 as evidenced by an annual report published by Fitch Ratings. Market conditions here are favourable for a moderation of house prices as well as more homeowners looking to refinance current homes instead of attempting to move up the property ladder.
We know Britons are very good borrowers. Do they repay as well as they borrow? For some people, repaying a heavy load of indebtedness boils down to taking out a consolidation loan. But before this is done, a borrower should sit down and honestly assess his or her debt problems.
Are you an average homeowner? If so, you left home at 21, and you will live in seven different houses before you die. You will also spend more than £26,000 on home renovations. The only question relating to those renovations is how you'll pay for them. A home owner loan, perhaps?
Commercial and residential property owners looking to remodel or expand often do so using property development loans to meet their financing needs. Fortunately, there is more than one way to finance commercial and residential property development. Borrowers have multiple options including traditional mortgages, bridge financing, secured loans, and even buy-to-let mortgages.
A soft housing market combined with other factors to bring down the total number of mortgage approvals during the first quarter of 2017. Still, there is no need for concern at this point. People are still borrowing. They are just doing so a bit differently – with credit cards and secured loans.
We source the best rates from the whole market
J E.
Secured Loan Expert is a trading name of First Union Mortgages Limited one of the largest and most trusted finance brokers in the UK.
We specialise in finding the best loans for our clients from probably the biggest selection of loan deals in the UK with over 950 different deals available at any one time. We will match your requirements with all the deals on offer, ensure that you are aware of all the costs of each individual loan before you chose to apply. We will make the application on your behalf ensuring that your case is seen by the lender in the most favourable light.
Our experts are there to ensure you get the best deal and what’s more our help and advice is free so why not take advantage of our expertise.
A homeowner loan is a personal loan taken out against the equity in your property. Also known as secured loans, these are offered in exchange for you offering your home as collateral. Securing the loan with your home enables you to borrow substantial amounts of money for long periods. Moreover, because the lender puts a charge on your home as security, it offers very good interest rates and manageable terms.
Currently you can borrow up to the maximum limit of 95% of the equity in your home.
- You can obtain a homeowner loan by first comparing the deals in our simple comparison engine and choosing the deal that suits you most. Pay attention to the minimum and maximum loan amounts offered by each deal, as this will play a role in your decision making. When you have found the most suitable loan offer just contact our friendly team of experts who will answer all of your questions, help you with your application, get pre approval from the lender, and if required arrange for a valuation of your home whilst keeping you up to date throughout the approval process until completion.
It is still possible to get a secured loan when you are self-employed. This will be dependent on your personal circumstances and each lenders’ criteria. Our team can advise you as to the exact requirements when you call us.
At Secured Loan Expert all types of credit history are considered. The decision to lend is subject to individual lender criteria and your personal circumstances. Our expert team can provide you with more information if this is the case.
No. The only note on your credit file that will exist when you make an initial enquiry will be a Quotation Search which will only be visible to you and not by other searchers.
When you make a full application then a full search will be undertaken which will show up on your file at that stage. This will be visible to other lenders.
While this process is a lot shorter than a mortgage or re-mortgage application, the exact length of time from application to you receiving the funds depends on the amount of the loan required, the loan amount to the asset value, the lender chosen and your individual circumstances.
Once the loan is approved by the lender, they will transfer the money to you typically within 48 hours if electronic transfer is the payment method.
There are no upfront fees to pay.
All fees and charges that you have to pay to take out a loan will be fully detailed to you before you make any decision to go ahead.
If you have any questions at this point just call our friendly team who will be happy to help you understand what fees may be charged.
