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A Secured Loan And Why The Self Certification May Soon Be Part Of History.

A Secured Loan And Why The Self Certification May Soon Be Part Of History.

Article by Liz Moir

Basically loans fall into two general categories, and what these categories are are unsecured loans and secured loans.

As the name unsecured clearly states unsecured loans require no security of any kind, and this is what makes them available to both tenants and homeowners.

It has always been difficult for tenants to get a loan of any kind as they cannot offer any security.

Secured names are again, as their name suggests, a form of loan tht must have some sort of concrete guarantee, and in the case of personal secured loans the security necessary is the homowner’s property.

A secured loan is also a much more rare commodity now than it was pre credit crunch.

The secured loan sector is 80% or more down on the figures at the emd of 2006 nd beginning of 2007.

This is mainly due to the fact that the underwriting criteria of secured loan lenders has tightened to such an extent that many who were eligible for a secured loan in the past no longer are.

Secured loan lenders have gone out of business one after the other and similarly have finance brokers.

There are fewer secured loan lenders in the market now, and secured loans have been around for over quarter of a century.

However for employed homeowners with a good credit rating a secured loan is still an excellent way to raise funds, as interest rates are favourable.

A secured loan requires to be secured against the value of a house or a flat.

Equity is the figure that remains when the mortgage balance is deducted from the property vale.

If a property is valued at £240,000 and the outstanding mortgage balance stands at £150,000 the available equity is £70,000.

However, as 100% and plus equity plans have long gone, this does not mean that that particular homeowner can borrow £70,000, as he could have done prior to the economy crumbling in the UK.

The maximum loan that an employed applicant can borrow stands at 80% maximum, and therefore based on the previous figures the most that an employed applicant could borrow would be £42,000.

Self employed can only borrow up to a maximum of 70%, making the maximum borrowing available on this occassion £18,000.

Self declarations of income for the self employed have now virtually disappeared and often a lender will ask for an accountant’s certificate to provide additional income proof.

There are strong rumours that the FSA will in the future regulate secured loans just as they regulate mortgages and remortgages and if that happens it is inevitable that self certification of income will be banned.

There are still two secured loan lenders who do not yet require accounts or even an accountant’s back up letter for homeowners wanting to borrow. before they are as extinct as the dinosaur.

There is no time for delay for self employed applicants requiring a secured loan soon.

About the Author

Champion Finance has been established since 1985, and are experts in all aspects of homeowner loans. They also arrange whole of the market mortgages and remortgages.Debt help and debt advice of all kinds are also arranged.


Home Security and Burglar Alarm: Choose secured method of security

Home Security and Burglar Alarm: Choose secured method of security

Article by Helen White

Due to increasing criminal activities all across the globe, people are worried regarding their home security as well as office security. Who doesn’t want to secure their family and belongings? Moreover, according to the Maslow need theory, security is one of our basic needs that must be done. There are multiple methods and technological equipments available in the market to choose from. However, some of them are popular for preventing the burglary such as burglar alarm. It is especially designed alarm system which concentrates on providing the security to the people.

There is a biggest concern to choose the best burglar alarm according to your house. Obviously, one burglar system cannot be used for all the houses. Thus, most of the burglar system companies design individual burglar alarm for different houses. Here are some vital stages that will help you in finding the best suited home security method for your house.

• Initially, you need to contact with several home security system companies and consult them by mentioning your house type and design. • Once you scrutinize them on the basis of your preferences such as price, features and suitability, you can select the best company. Try to choose the local company so that you can expect the after sale services instantly. • Now, you need to ask the agents or staff of the home security company to visit your home for having insight of your home before installing the burglar alarm. • There are ample of varieties available in the market but the experts will analyze your house design and suggest you the best secured home security plan. • Therefore, contacting to the best company for buying the security system first and last important step because rest of the steps will be done by the professionals. • Make sure that the company is offering you a set of services ranging from installation to the maintenance of home security burglar alarm system in your house.

Obviously, this is a professional task that requires proper skills and professionalism. Thus, it is the most important aspect of having the best security system for your house. Once you approach to an appropriate home security system, you just need to mention considering points to the staff of the company. Ultimately, you will have proper home security system for your house. The reason of prioritizing to choose the local security company is that you can easily reach to the company in case of emerge and breakdown of the alarm.

About the Author

The author works with National Security Systems Group (NSSG) and the company is reputed and is also progressive security specialist in providing services. The company offers best security services like home security, burglar alarm, fire alarms and many other security solutions for home and business. We provide complete solutions to homes and businesses of all sizes in and around London, and can deal a nationwide service to larger organizations.

Property works for you in Secured Loans

Property works for you in Secured Loans

Article by Ventergodse

A loan which are secure, is a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. Secured loans are explaining the purposes of secured loan and overall provide a structured brief in regards to loans that is secure. Secured loans are those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral and a lien can be placed on such purchases. A secured loan is a debt where the borrower puts up an asset as collateral for the loan. The creditor’s loan secured by this collateral, lenders takes possession of the asset, if the debtor stops making payments. Secured loans are not just for new purchases either. Secured loan can also be home equity loans or home equity lines of credit or even second mortgages. Other types of loan which is secure include debt consolidation loans where a home or personal property is used as collateral. This guide to a secured loan should help explain exactly what a secured loan is and how you can use it. It will also show how secured loans are calculated. If you want to make a secured loan, you need either real property or movable property that n bank or lending institution finds value in. A secured personal loan means that the consumer is receiving financial in return for some sort of collateral. If the consumer needs money for funding a large venture like a business, they may wants to look into n business agreement rather than a secured than a secured personal loan. Businesses are often unstable and require more specialized contracts.

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interested rate or for the convenience of convenience of servicing only one loan. When you consolidation your debt, you take out a loan to pay off several other debts. This allows you to consolidate the money you owe into payment. This is probably not the best use of the money and is not recommended. If your goal is debt elimination, then focus on that goal only and save the fancy vacations for later once you have successfully obtained your goal. Another benefit of consolidation is tax advantages that come with these types of loan. Seek out a certified financial planner but oftentimes the interest that is paid will be tax deductible at the end of the year.

The dream of owning one’s dream car is not far off with so many banks readily giving out loans to buy the car. The car loans do not require much paperwork. With the majority of people owning cars these days, a car loan is something which most people are well acquainted with, and most know the way to go about obtaining this kind of finance. Here are however two main means of raising finance for these and many other purposes and these are by arranging a secured loan or remortgage which are both very cost effective and do away with the need for a deposit when buying a vehicle and there is no need to go the trouble of proving estimates when you want to carry out improvement to your home.

About the Author

Borrowers who are self employed, have recently changed jobs or have previous credit problem will be considered for a secured loan. They are also useful for borrowing larger sums or where the applicant a longer repayment period.Visit online us at www.galleryfinance.co.uk.

Secured Loans A Step In The Right Direction

Secured Loans A Step In The Right Direction

Article by Peter Taylor

In the modern times security is becoming less and less. As with the uncertainties it is pretty difficult to be secure or make someone else secure. Security in any walk of life is difficult to achieve. That is why in today’s world secured loans are a priced possession. Se4cured loans can help us in getting there where we want to be. So the secured loans bridge an important gap between the borrowers and the creditors.

Secured loans can cover for every financial requirement of a person; the requirements may differ from person to person but the prime reasons for which the secured loans are taken are:

? For home improvement· For debt consolidation· For weddings· For educational purposes· For business purposes

A person can borrow money for any of these purposes.

Secured loans as the name suggests are offered to people who are ready and willing to provide a security to the lenders or the lending organizations. The asset that you provide to the lenders can be your car, your current active bank account or your home.

Secured loans are known by many different names as well like mortgage loans or when you provide your home as a security to the lenders it is known by the name of home equity or HELOC (home equity line of credit).

Secured loans can be taken for any purpose they will always serve the purpose. In addition to that secured loans are quite advantageous as well in comparison to the other loans that are currently available in the UK market.

The advantages that a person can get by going for secured loans instead of any other loans are:

· By going for secured loans the borrowers can get a big amount of loan easier than what we can get with the unsecured loan forms. Since we have provided the lender with a security risk factors of both the parties are covered and we can get a loan amount of up to £250000 which can serve all our purposes.

· The interest rates at which the secured loans are provided are lower than the other loans as well about (2%-4% lower). This results in lower monthly installments and less money to pay back. So we can utilize our borrowings properly.

· The borrowers have an option of choosing the repayment period which can go for as long as up to a period of 25 years. This facilitates easy repayments and less worries for the borrowers.

· The presence of security makes these loans get approved faster.

These benefits make secured loans one of the best options that any one can go for making borrowings.

But these loans are not ideal for people who cannot provide any security to the borrowers. People like tenants, people who are working for others employed etc. so they have to look at the other options for their borrowings. Also for people who take these loans you risk your collateral if you are not able to pay your required dues.

Borrower’s now days understand the needs of the people that’s why they are now willing to provide loans to people with bad credit history as well. People who have filled for bankruptcy or defaults and therefore have a poor credit score. Secured loans are an ideal loan offering for them as not only they can achieve what they want to achieve, also they can also bolster their credit score by paying installments when they become due.

Security is the key in the present world, everybody wants it but in this day and age it is difficult to get it. Secured loans are one such thing that can provide security both to the borrower as well as the creditor. So all those people who want loans should go for secured loans as they will find it difficult to get a better option than secured loans.

About the Author

Peter Taylor is a senior financial analyst at easyfinance4u with acumen for finance and insurance. In recent years he has taken up to provide independent financial advice through his informative articles. To find Secured loans, secured personal loans, secured Home improvement loans visit http://www.easyfinance4u.com

A Gamut Of Secured Loans

A Gamut Of Secured Loans

Article by Peter Taylor

Secured loans are the loan that is offered against a security. Security could be a home, other real estate, automobile, saving accounts or some other valuable objects. This security covers the risk factor that is attached to the loan amount. Lenders keep this security with them unless borrowers repay the loan amount.

With secured loans, one can borrow the amount ranging from ?5,000-?75000 along with a flexible repayment period, varied from 5-25 years. The main advantage of secured loans is its relatively low rate of interest. And for this reason, more and more people nowadays are applying for secured loans.

There are different sorts of secured loans according to their usage. But among them, some popular loans are as follows:

*Secured Debt-consolidation loans: It is especially for them who are facing debt difficulties. With these loans, they can combine all their debts into a single manageable debt that would be more convenient for them to repay. Besides, dealing with a single creditor, instead of various creditors is also an added benefit with these loans.

*Bad credit secured loans: It is true that bad credit history hinders one to avail any loan. To improve your credit score and come out of bad credit history, bad credit secured loans are the perfect choice for you.

*Secured Wedding Loans: For a wondering wedding, secured wedding loans are the best alternative that you can opt for. These loans cover all expanses related to wedding, such as, buying ring, dress, decoration, reception and so on.

*Secured holiday loans: Holidaying is mandatory to move out from mundane monotony. And loans are available to finance for a holiday. Secured holiday loans are used for funding in various travel related purposes, like- ticket booking, hotel bills, meals and other miscellaneous expenses.

*Secured business loans: These loans are mainly given for business purposes. It could be setting up a new business, business expansion, funding for various business related requirements, like purchasing materials, paying tax and many more.

*Secured Car loans: Car is no more a luxury. Nowadays, it has become a necessity. Secured car loans are specially meant for those people, who want to avail car loans that suit their needs.Besides these loans, there are some other kinds of secured loans. Such as, secured home improvement loans, secured unemployment loans etc. However, the criteria to avail all secured loans remain same. Though, the rate of interest may vary according to loan amount, duration and worth of collateral.

You can get secured loans against your property. So, needless to say, borrow the amount that is convenient for you to pay-off. In case of failing to repay the loan amount, you will lose your possession on the property that you have used as collateral.

Recently, secured loans have become famous among borrowers. These loans are cost-effective rather than other loans, as secured loans are served at low interest rate. Thus, when it comes to loans, then secured loans are the best option that you can opt for.

About the Author

Peter Taylor is a senior financial analyst at EasyFinance4U with an acumen for finance.In recent years he has taken up to provide independant financial advice through his informative articles.To find Secured loans,secured personal loans,secured debt consolidation loans,secured home improvement loans,secured holiday loans,secured car loans UK that best suits your need visit http://www.easyfinance4u.com

Secured loans can be of various types which depend upon the kind of security

Secured loans can be of various types which depend upon the kind of security

Article by Nancy

Secured loan is a kind of loan wherein the borrower pledges some real estate as a security or collateral to get some loan. It becomes a secure loan for the lender as he is secured through the collateral that he will be able to get the lent money back at the amortization. As the debt is secured against the collateral, in any event when the borrower defaults, the creditor may take the possession of the asset used as collateral.Moreover, the property given as collateral for the loan may even be sold to satisfy the debt by regaining the amount originally lent to the borrower. In the USA mortgage market, the home pledged as collateral is asked for foreclosure so that lender can get his lent money back. Whereas in unsecured loan there is no collateral and is not connected to any specific piece of property, the creditor may satisfy the debt against the borrower rather than just the borrower’s collateral, in secured loan such is not the case. In nutshell, the collateral works as a lien. A lien in legal lexicon is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation. Whereas the owner of the property, who grants the lien, is called ‘lienor,’ the person who has the benefit of the lien is termed as the lienee. Secured loans can be of various types which depend upon the kind of security submitted. In a mortgage loan when the collateral is given as a property and the loan is not paid back, the lender may ask for foreclosure. The process of foreclosure involves selling of the property given on collateral to meet the loan amount of the lender. One other kind of secured loan is nonrecourse loan where the collateral is the only security or claim the creditor has against the borrower.In nonrecourse loan, the creditor does not have any other option against the borrower for any deficiency remaining after foreclosure against the property. Whereas a lender has foreclosure as an option to get back his lent money, he also has an option to ask for repossession. Repossession is a process in which the property given as collateral is taken back by the creditor when the borrower does not make payments due on the property. However, the creditor requires having a court order to keep the property. Secured loan can be taken for various options depending upon the specific requirements of the borrower. Borrowers opting for a secured loan try to extend the loan through securing the debt as the lender is relieved of most of the financial risks involved. Lenders feel secured as the collateral works as a security and in any default on payment, he can go for foreclosure or repossession. Another advantage of secured loan is that borrowers can get a loan at attractive rate from lenders after offering some real estate as security. Secured loans have low interest rates in comparison to unsecured loans which can work as a major motivation for a borrower to opt for a secured loan. Moreover, the payment period may be a convenient one in secured loan and borrower can agree for suitable time.

About the Author

Bio: NancySecure Loan USASecure Loan UK

Renovate Your Homes With Secured Home Improvement Loans

Renovate Your Homes With Secured Home Improvement Loans

Article by Andrew Baker

“Home sweet home” that is how the phrase is concerning our homes. This is the place where we get the most comforting moments, those everlasting memories sometimes good sometimes bad. This is the place that we have watched from our childhood and this has nurtured us along through the good and the bad times. That is why it is considered the cradle of humans. A home in which we live in is a reflection of what we think and how we are and reflects a picture of us. That is why our home should give a perfect reflection of ours and it should be perfect. In accordance with our liking.

A change that is made in our homes may be a big change or a small change depending upon the requirement of the owner of the house. It may be a small thing that may be bothering you or it may be the big make over required for the house.

Sometimes it happens that we want to do home improvement but it just is not possible for us to go for it because financially it is not possible at all.

The best possible solution for that will be to take home improvement loans. Better still if you can go for secured home improvement loans.

Secured home improvement loans are loans, which require the borrowers to pledge a security to their creditors. This is one of the basis of secured home improvement loans therefore is not available to tenants or people with no assets. The security can be any worthwhile asset of the borrower. It may be his car, his active current bank account or his home. When the home is rendered as a security it is also known as home equity home improvement loans.

The benefits of going for secured home improvement loans instead of unsecured home improvement loans are.

? Secured home improvement loans come a lot cheaper than the unsecured home improvement loans. The rate of interest starting from as low as 5.0%. The rates of interest in these loans are usually lower than unsecured loans by 2% – 4%.

· As a result of low interest rates the repayment is easier as well. With lower interest rates and a facility to choose a repayment period between 3- 25years the monthly installments are low and easier to pay off. · With secured home improvement loans one can easily get a loan amount in the region of £250000. Whereas with unsecured home improvement loans being a short term loan you can get a loan amount of around £10000 which is good enough for minor changes.

· Secured home improvement loans are safe for both borrowers and creditors therefore they are approved faster than the other loans.

· By going for home improvement an owner can get a deal which is better than one which he may get for an unimproved house.

However the owner must be careful that the repayments must be done in the prescribed way otherwise there is a danger that the creditor may seize his rendered asset.

For people who have a history of bad credit they can also get secured home improvement loans. They just have to follow the same purpose as people with normal credit history. An added advantage of going through with home improvement loan is that the people can improve their credit score. It is an estimate of the financial credit worthiness of an individual. By improving the credit score an individual will get normal terms for his deals.

One can use secured home improvement loans for any of the following purposes adding new rooms like a bathroom or a kitchen, doing some safety repairs, roofing or plumbing, or any other home improvement purpose. The reason can be any secured home improvement loans give the flexibility to the borrowers to use them for any purpose.

About the Author

Andrew baker has done his masters in finance from CPIT.He is engaged in providing free, professional, and independent advice to the residents of the UK.He works for the Secured loan web site loans fiesta for any type of loans in UK, secured loans, secured loans UK, secured home improvement loans please visit http://www.loansfiesta.co.uk

Helping Your Huge Investment: Real Estate Secured Loan

Helping Your Huge Investment: Real Estate Secured Loan

Article by Aldrich Chappel

Buying a real estate has been a business of big investment. Resident of UK finds it to be a better investment option. But, most people do not have such a large amount available to buy a real estate. Real estate secured loans is one of the best options available in…UK to help borrowers getting loan to buy real estate.

As the name suggests, real estate secured loan are secured by nature. And that is why lender doesn’t hesitate in giving this loan to borrowers. The positive point here is that even though it is a secured loan, borrowers don’t need any additional collateral to put against their loan amount. It is because the purchased real estate itself serves as the collateral for their secured property loan.

A borrower needs to prove his credibility before taking real estate secured loan, as there is very large amount involved. Few things, such as, credit history, repayment capacity, size of property and potentiality of borrower’s income are decisive in availing real estate secured loan. If borrower fulfills such conditions positively, he gets the loan easily and at favorable rates. Unless, he might get some problems or will have to pay higher interest rates.

In real estate secured loan, repayment period is longer. Borrower is free to repay the loan in period between 30 to 40 years, which means that monthly installment would be smaller. The amount which can be borrowed through real estate secured loan is usually very large. Normally, amounts ranging from ?500000 to multi-millions can be availed easily.

Finding a worthy real estate secured loan lender is really tough task. Borrower’s little unawareness about lenders can put him to pay higher interest rate for a very long period. Through applying online, borrower can access various information related to lenders and their interest rate. Several websites provides borrower free quotes, and even application fee to apply for this loan can be saved. Comparing several loan quotes online can help you in finding a better lender to avail real estate secured loan. It also saves borrower from various complicated paper and documentation works.

While lending real estate secured loan, lenders often require borrower to put certain percentage of borrower’s money as real estate down payment. This percentage is generally 10-20% of the total value and can vary from lender to lender. Borrowers are required to consult their loan officer before getting into any such deal. Considering few important point carefully not only saves borrower from paying higher interest rate, but also gives them a better deal to fulfill their need to buy real estate while being at ease.

About the Author

Aldrich Chappel has been associated with SecuredPropertyLoan,since its inception.To Find property loans, secured loans, real estate secured loan,business property loan,rental property loan,commercial real estate loan visit http://www.securedpropertyloan.co.uk

Whole Life Insurance – Insurance Policy For A Secured Future

Whole Life Insurance – Insurance Policy For A Secured Future

Article by Roberta Martin

Every person in life has the right to think about his family and the benefits and the drawbacks if anything happens to him suddenly. Then in this case there are many insurance policies which will help you out with an answer to all your problems. If he is the sole bread earner in the family, then it is responsibility to think of his family members for not only the present life but also about the future. Many of us have heard a lot about the insurance policies. There are many policies like the term life insurance policy, the whole term life insurance policy and many more, but the universal life insurance policy is something new in the market today. This product offers many additional profits than the other policy preferences. According to a study, a large number of people are thinking about this policy and are diverting themselves to invest their money in the universal insurance policy and are securing their future with the benefits of these policies. A universal insurance policy is a unique policy. It differs from the other types of policies because it provides its buyers with as many as benefits possible. They signify an individual folder which can be provided to some extent of the financial protection.

When I was young I struggled a lot because my parents died suddenly in an accident leaving almost nothing for us. It was then I thought that once I grow up I will definitely buy an insurance policy for my family as if anything will happen to me or my spouse, then our children will get the benefits from the policies. I bought a universal insurance policy as I felt that there are more advantages in this policy than the other policies. In this policy everything is taken care of. Its main work is to cover up all the total term policy like the whole term or the finance assurance. In case of emergencies like the accidental death or a retirement, this policy covers up everything. Even if your health is good this insurance covers it up as well as in case of any emergency with your heath or in case of any significant sickness. For further information go can always consult an agent. One more benefit while you invest in the universal insurance policy is that if suppose for any reasons your financial position gets influenced, then you can easily transform your present scheme according to your own benefits again. You can also increase or decrease the amount of payment and its consequences which were not noticed during the time when you previously had signed the insurance papers. This is an exceptional type of insurance which provides various different facilities for your needs. This also allows you to take a break from paying to a certain period of time if you are going through a financial crisis for the time being. After that you can again continue to pay according to your necessities. If you are the one who had never invested in an insurance policy then, buck up its never too late. Consult an insurance broker and do the necessary as soon as possible.

About the Author

Roberta is a career person who prefers whole life insurances, for more information please visit:http://www.choicesinc.ca

Best Secured Credit card Offers

Best Secured Credit card Offers

Article by Best Secured Credit card OffersBenny Lee

Secured credit card offers a lot of different positive aspects that may involve; they can be more reliable, convenient to use and also a lot easier to handle as compared to cash. You’re empowered to invest in merchandise and obtain several other products and services plus charge them to your credit for future monthly payments.

They also feature customer coverage under the legislated rules, almost all the main credit cards are usually acceptable in many regions around the world, they could also function as money throughout an urgent situation, an additional plus you can obtain will be with holding monthly payments, secure credit cards offers assures motel and holiday reservations.

To possess a secured credit card has its share of responsibilities as well as improper use may get you towards huge credit card bills.

It may at the same time wreck your credit report which subsequently could be challenging to rectify. To acquire secure credit card offers you need to be at the very least eighteen years of age as well as have a steady source of income.

You have got to also be able to convince the credit card business that you really are competent enough to provide you credit card offers.

All this shall be reflected in your credit rating so it is advisable to request for your annual credit rating for clarity before requesting the credit card.

The comprehensive data that you obtain in the above section will enable you to make reliable selections that can enlighten you on researching a variety of credit cards, have scam protection that may improve your secure credit card offers.

It will not hurt to own a good overall credit score whenever you need to make a credit card application for credit financing for your house or perhaps car. Below I will suggest the key approaches to get rolling in attaining the right credit ratings.

Ensure that that the credit card you’re applying for report to credit firms to improve your credit score.

You possibly can look at using a combined credit card with a person that has a superior credit history in case you don’t are eligible to acquire a credit card.

You will need to definitely make an effort to keep away from frauds as much as possible keeping in mind that there’s a lot of individuals that could make use of superior offers for personal gains.

About the Author

Uncover just where to find the top secured credit card offers. Learn how to apply for secured credit card over the internet.