Secured Loans - Everything You Need to Know
Written by: www.24Hourfinance.co.uk
SECURED LOANS - EVERYTHING YOU NEED TO KNOW
24Hourfinance.co.uk is a leading financial portal enabling UK consumers to find and compare loans, credit cards, mortgages, bank accounts and cheap insurance quotes. Consumers can apply for finance 24-Hours a day with popular lenders such as Halifax, Lloyds TSB, Dial4aloan and unfamiliar lenders you won't find on the High Street.
FACTS ABOUT SECURED LOANS
. Secured loans are available to UK homeowners aged 18 to 65 years old.
. Secured loans range from £1000 to £1 million.
. Secured loans can be repaid over 3 to 30 years.
. Secured loans are a solution if you've been declined an unsecured loan.
. Secured loans can be used for short-term cashflow problems, consolidating debts, home improvements, cosmetic surgery, new car or motorbike, holidays and lots more purposes.
. Secured loans can be used for almost any purpose; the most popular reason being debt consolidation in the UK.
. Secured loans take 2 to 4 weeks to arrange.
. Secured loans can be arranged by applying on the internet or telephone.
. Secured loans are available to people with adverse credit history.
. Secured loans are available to self-employed people with no proof of income. Other wise known as self-certification loans.
. Secured loans are available to homeowners with no equity.
. Secured loans enable you to release equity in your property.
. Secured loans can be obtained via major high street banks or loan brokers. Loan brokers search for loan deals from niche lenders on your behalf, in exchange for a "broker's fee" payable on completion. The broker's fee is usually paid by the lending bank or customer.
. Secured loan interest rates can vary from 6.9% APR to 30% plus dependent on your credit history. It's a good idea to compare rates from different lenders before applying.
. Secured loan repayments can be insured, protected against unemployment, sickness, accidents and death.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
It's very important that you can afford your loan repayments.
It is estimated that, in 2005, over £8.8 billion of secured loans will be used for debt consolidation purposes. http://www.24Hourfinance.co.uk currently lists a number of FSA regulated secured loan brokers and lenders.
USEFULL LINKS - SECURED LOANS IN UK
About the Author
24Hourfinance.co.uk is a leading financial portal enabling UK consumers to find and compare loans, credit cards, mortgages, bank accounts and cheap insurance quotes. Consumers can apply for finance 24-Hours a day with popular lenders.
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