Mortgage products for the self-employed have traditionally been more difficult to get than similar products for company employees. But thanks to the willingness of banks and building societies now easing up on their restrictions, the self-employed are finding it easier than ever to get first mortgages, re-mortgages, and secured loans.
Home equity is a valuable asset that needs to be protected as much as possible. According to a new report, though, that is not necessarily happening among British property owners. Ignorance of homeowner loans and interest rates is not only costing borrowers money, but it is harming their equity positions too.
Are you thinking of doing home improvements using the equity in your home? If so, you have two options: a home equity loan or equity release. The home equity loan is the preferred choice among most UK homeowners because of its many advantages. Learn the details of both before borrowing.
UK homeowners are using refinance deals in order to improve their finances. Some use the money raised to pay off more expensive debt while others are simply looking to pay off an interest-only mortgage. Indeed, there are as many reasons for refinancing as there are lenders offering refinance deals.
There is no shortage of debate over whether credit card debt consolidation is a good idea. Some say yes while others say no. The truth is actually somewhere in between. Credit card debt consolidation can be good under the right circumstances and with a good understanding of finances.
Owning a home means being in a good financial position thanks to the equity ownership affords. As a homeowner, did you know that you can use your equity to increase the value of your property? You can, by using equity loans to make key improvements that future buyers are most interested in.
Getting excessive indebtedness under control can be something difficult to think through when you are in the midst of a personal financial crisis. Sometimes a different perspective can help clear things up. For example, people looking to consolidate their debts can learn a lot from the ongoing financial crisis in Greece.
It seems like more Britons than ever before are pursuing debt consolidation strategies. And for those consolidations, loans using home equity as collateral seem to be the most popular tool. But before a consumer borrows, he or she should ask some basic questions to determine whether doing so is smart.
We source the best rates from the whole market
- Borrow up to £2,500,000 Depending on the Equity in Your House.
- Adjustable Repayment Terms from 3 to 30 years.
- Secured Loans Can Be Used for Almost any Purpose.
- Low Interest Rates.
- Rapid Approval - Low Arrangement Fees.
- Options for Homeowners with Bad Credit History.