All Entries in the "Secured Loan" Category
Equity Release Without Changing Lender?
Getting equity release without changing lender is perfectly possible and obviously your first port of call is your current lender.
You need to apply to them for a further advance or what is termed a secured loan or second charge on your property. Everything should be fine so long as you can satify your current lenders [...]
Second Charge Mortgage and Secured Mortgage Loans
A second charge mortgage, second charge loan and home equity loans, as they are sometimes called, are all one and the same thing.
This is a process that enables you to release cash from your property by making use of the equity in your home. You can only do this of course if you have positive [...]
When You Sell Your House Does Your Equity Have To Pay Secured Loans?
The simple answer to the question; When you sell your house does your equity have to pay off secured loans? is YES!
A secured loan is a second charge on your property or home.
The first charge is the mortgage you have on the property and so when you sell the house, the mortgage gets paid off [...]
Second Charge Loans How Much Can I Borrow?
Homeowner secured loans and second charge loans are one and the same thing.
They are essentially a second loan taken out on your property. As it is secured on your property the charge is registered against your property at the land registry office. You need to be aware that your mortgage lender has the first [...]
No Proof of Income Loan – Secured or Mortgage Loan?
Of the many millions of self employed people who need to acquire a secured no proof of income loan or mortgage many tell us they haven’t looked around for the best offers as they’re convinced there’s not a great deal of options available to them so they don’t waste their time looking around, just to [...]
How Do Bad Credit Second Mortgages Work?
Your second mortgage works like this:
The second mortgage is simply another loan taken out following the first mortgage and both are secured against your property.
The second mortgage amount allowed is dependent on the amount of equity or size of the share or interest you have in the property. The value released depends therefore on the [...]
Need a Bad Credit Second Mortgage?
People with a normal high street mortgage, but who have recently incurred a bad credit rating, and those already on a bad credit mortgage often ask is it possible to have a bad credit second mortgage?
Yes is the simple answer. But why would anyone need a bad credit second mortgage?
Well the demand splits in to [...]