With house prices gradually rising the increasing equity in your home may enable you to borrow at a lower rate. If you are considering borrowing a larger amount of money, perhaps to fund some home improvements, then by securing the loan on your house you should be able to borrow at a lower rate. The basic principle is straight forward, but you ought to learn more about the details. So, we’ve put together a guide on homeowner loans which you can watch here. If you watch this and read the relevant pages on this website you will be in a better position to ask the right questions when you talk to a lender.
If you apply through Solution Loans then it will cost you nothing to find out what your loan options are. In recent months the competition in the homeowner loan space has increased dramatically and there are some great deals to be had – just be sure you understand the risks associated with this type of loan.
Solution-Loans.co.uk is a no-fee broker who puts its customers first. We’ve tried to pull together all the key information you need about all sorts of loans to help you judge what is right for you.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read about Amanda Gillam