Loan choices these days are vast and in many cases very confusing for the borrower. It is highly recommended before you take on a new loan to get qualified advice as a wrong move could cost you dearly in the long run. The expert will look at all your choices and may well select a […]
Anyone who is looking to make some savings this year or to cut back on their outgoings will be looking very closely at any expensive loans they have. This year has seen households around the country taking out second charge loans to reduce overall expensive debt. Making a saving of £200 or £250 per month […]
Second charge loans can be used for many reasons, such as a deposit for a new property investment, buy-to-let and re-development of an existing property to name but a few. Many borrowers now are also viewing second charge loans as a simple and a cost-effective alternative to mainstream lending. A second charge loan is far […]
The last five years has seen this type of lending increasing in stature as homeowners become aware of the huge cost of the so called “pay day loan”. For many years a second charge loan was something clients only did as a last resort due to the high costs compared to a re-mortgage. This has […]
Interest-only and older mortgage borrowers have found themselves prisoners of their own mortgage lender. Borrowers in this category are turning to a second charge loan as a solid alternative to re-mortgage as a way of raising cash. Figures show that there are currently over 2 million people with an interest only mortgage and the majority […]
Possibly more challenging than deciding whether or not to take out a loan is finding the best secured loan for your needs. Always bear in mind when selecting your loan the terms and interest rates being charged plus any associated fees. Always compare the fees, conditions and the interest rate before deciding. Most importantly seek […]
Second charge lending is fast becoming a sound and solid way for homeowners to put their finances back in order. The majority of people are becoming very wary of the so called “pay day” lenders. A recent client of ours commented “I have taken out a small second charge loan on my property to clear […]
Homeowners have choices if they wish to raise capital, they could re-mortgage or take out a second charge loan secured on the equity within the property. The latest data released has revealed that the average value of a house across the country is at an all-time high. This information puts the homeowner in a very […]
It’s, without a doubt, secured lending popularity is increasing on a daily basis. Second charge mortgages or secured loans have increased this year month on month and continue to do so as the year progresses. The biggest growth area of loans is to the self-employed and buy-to-let landlords, the good news is there are many […]
Also known a secured lending Second charge loans can be a very useful facility for managing overspending and could help resolve debt problems that may have built up over the years. For those borrowers on a favourable mortgage deal with the first charge lender, they can keep that deal and use a second charge loan […]