Many homeowners these days are looking for ways to raise capital which is safe, quick and cost-effective. Over recent years property values have increased year on year and the majority of home owners will be pleasantly surprised to see just what their property is now worth. In the majority of cases, it is more cost […]
The latest data released has revealed that the average value of a residential property across the UK is still at a very positive level. This information puts the homeowner in a very strong position if they are contemplating raising finance and using the home as security. Homeowners have choices if they wish to raise capital, […]
For the time being second charge interest rates are likely to remain at their all-time lows. If you are considering a new loan now could be the time to make your move, there is a feeling amongst the experts this trend could soon be reversed. Second charge loan interest rates have been tumbling for months […]
Second charge lending continues to grow in stature month on month as homeowners look for loans at affordable rates. Homeowners are becoming very aware of the costs associated with unsecured lending and the so called “pay day lenders”. A recent survey taken from over 1000 borrowers clearly shows speed of completion is a key factor […]
More people than ever before are turning to a second charge mortgage to raise funds rather than taking out a personal loan or re-mortgaging. What is a second charge mortgage? Second charge mortgages are becoming increasingly popular, with the number of people opting for one at its highest level since 2008. They allow you to […]
Second charge mortgage business volumes grew in the first three months of the year, according to figures published by the Finance & Leasing Association. It said that £195m was lent in second charge mortgages in the first three months of this year, which was10% more than the same period last year. In terms of sales […]
An unsecured loan is not protected by any collateral or guarantee, so should you default on payments the lender can’t automatically take your property or assets. They can be offered to people who don’t own property and that makes them available to a much wider range of borrowers. They are flexible, and you can choose […]
For some borrowers, a second charge mortgage will be a better option than a re-mortgage, so it’s surprising that so many consumers are unaware of what they are and how they work. There can be several reasons that a second charge might be the preferred option for your new loan. For example, you may not […]
Second charge loans have risen in popularity over the last few years. Before the credit crunch second charge lending had a rather different image to the one portrayed today. This outlook has changed significantly over the last few years with banks and payday lenders charging very high interest rates. The second charge sector has innovated […]
One reason you may wish to choose a second charge loan is that it’s likely to offer far better rates of interest as the loan is secured. Unsecured loans from high street banks and other sources can be notoriously expensive. Just check out the rates charged by the “pay day” lenders. Secured loan – means […]