Useful information on homeowner loans, secured on your property. Because they’re exclusively available to homeowners with equity in their property, your credit rating doesn’t always have to be perfect for you to be approved for one.
What should I consider when looking for secured loan?
A secured loan is provided by a lender, with the borrower using their home as collateral. Here are eight things you should think about before looking for a secured loan: 1. You might not get the rate you see displayed The representative APR rate that you see advertised for a secured loan is the typical... Read more
Secured loan application checklist
You’ve probably put a lot of time and money into your property to keep it in a good state of repair, after all, homes are generally an appreciating asset. But as well as being a sound ‘home’ for your money, if you need a large loan, your property could provide the key to opening up... Read more
Types of loan explained – Ultimate loans guide
You need to be totally sure that you choose from the right types of loan to suit you. When you contact Loan.co.uk we will be happy to give you advice on the best type of loan for your needs and circumstances, meanwhile, here is a quick overview from loan.co.uk to help you understand the differences... Read more
Advantages of a getting a Second Mortgage
A second mortgage (also known as a second charge, 2nd mortgage or secured loan) enables you to use the equity (the amount you own) in your home as security to use against another loan. Do I qualify for a second mortgage? You need to be a homeowner, but you don’t need to actually live in... Read more
How can I qualify for a second mortgage?
A second mortgage, often known as a homeowner mortgage or loan, is a loan that’s secured on your home. It can help you get access to a large amount of money without remortgaging. You don’t have to get your second mortgage from the same lender as your current mortgage provider, in fact a broker such... Read more
Financial Dictionary – Understand Financial Jargon
The jargon buster Every industry has its own jargon and financial services is no different. But, at Loan.co.uk we avoid it. We try very hard not to use jargon but sometimes there’s no alternative. So, to make absolutely sure we’re being 100% clear in what we say, we’ve put together this little list of definitions... Read more
Early Repayment Charges – what are they and should I worry?
When you’re searching for loans, you need to look out for an early repayment penalty (ERC) as well as the APR. Many people just focus on comparing Annual Percentage Rates (APRs), but just because a loan may have the smallest APR, it doesn’t always mean it’s the most competitive deal. Especially when it comes to... Read more
Understanding debt consolidation loans
Debt consolidation usually involves taking a number of existing loans and credit card balances and combining them into one single, relatively large loan. Why would you want to consolidate your loans like this? There are several advantages of a debt consolidation loan. Juggling multiple debts with different lenders can be confusing. Consolidating all of your debts into... Read more
What options should I consider if I want to raise £20,000?
If you need to raise money (we took £20,000 as an example) for projects such as a home improvement, or to purchase a car, for debt consolidation, a wedding or the holiday of a lifetime, there are main ways you can go about it. Depending on your personal circumstances, different options will be more appropriate... Read more