Loans

Great News For The Secured Loans Market

There has been good news that has been released recently in the secured loans market. There is a secured loans lender increasing their loan to value to 85%.

There has been good news that has been released recently in the secured loans market. There is a secured loans lender increasing their loan to value to 85%.

Before the recession, there were over twenty secured loan lenders in the market. During the recession many of the lenders left the market completely, and the other lenders tightened their criteria and reduced their loan to value.

With house prices falling, and with equity margins tightening, there were a lot less homeowners eligible for a secured loans

There has also been other good news announced that property is increasing in value, and with this happening, more homeowners will be able to consider a secured loan.

The new 85% plan will prove to be very popular, and more homeowners, when looking to raise finance will look at the secured loans market as a way to raise finance.

Homeowners who are looking to raise a large amount of finance should consider a secured loan. Secured loans can be used to borrow larger amounts and also you can take a secured loan over a longer period of time and keep your repayments down.

Secured loans can be used for a number of different reasons, although it is a very common way for homeowners to raise finance in the way of a secured loan for debt consolidation. Secured loans are ideal for debt consolidation finance, and with the rates being low, secured loans should always be considered.

Homeowners who have a bad credit profile will find obtaining finance difficult, as unsecured loan lenders only lend to homeowners who have a good credit history. Secured loans are available just now for homeowners with adverse credit, although those homeowners will have to have more equity in their properties. With equity margins slackening off, this should be good news for homeowners with adverse credit and they should be able to obtain a secured loan.`

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