Secured Loans vs Remortgages
And we will help you get your online loan NOW!
We provide a
UK
secured loan online service for bad credit secured loans and
secured debt consolidation, amongst other things. |
Ultimately a
remortgage is simply a
special type of secured loan. But which is best for you?
Our UK secured loan online
rate is a typical 6.8%APR
(variable). So, it
might appear to be the straightforward option. However, if you want to
borrow a substantial amount you might want to consider a
remortgage instead. It could be a better
option as the APR cost is not the only thing to take into account.
The choice comes down to your personal
circumstances and your loan requirements. Some of the main factors
that will influence which is best are as follows:
- The amount you want to borrow
- Your credit status
- How fast you need the funds
It's worthwhile looking at
the main differences between a Secured Loan and a Remortgage:
|
| |
Remortgage |
Secured Loan |
|
Applicable to |
Homeowners only (the home acts as
security) |
Homeowners only (the home acts as
security) |
|
Max Loan Value |
Personal circumstances (1) |
£250,000 (2) |
|
Max Repayment
period |
25 years |
25 years |
|
APR rates |
Having the home as security means
rates can be lower. Rate will depend on loan size, credit status and the
equity in the property. Likely to be the lowest of all forms of
borrowing. |
Having the home as security means
rates can be lower. Rate will depend on loan size, credit status and the
equity in the property. |
|
Speed of getting
funds
(approx) |
4-6 weeks |
4-6 weeks (faster for loans over £25k
as they are not regulated by 1974 Consumer Credit Act) |
|
Costs |
Similar to a mortgage (legal fees,
etc).
Some of these costs
may be met by the lender.
May also need to increase life assurance, etc. (3) |
Valuation, legal fees, etc. |
|
Other |
|
Needs to be free equity in the
property, |
(1) Will depend on an assessment of your credit rating, your ability to
repay, and a valuation of your property.
(2) Will depend on an assessment of your credit rating, your ability to
repay and the amount of "free equity" in your home.
(3) There may be other costs associated with exiting your existing mortgage,
which you should take into account.
More and more people are realising
the benefit of
remortgaging. According to industry estimates up to 40% of
new mortgage applications have been people switching their mortgage, and
with our web site it has never been easier.
Our
FREE service means we can provide you with personal
illustrations for both types of loan for you to compare at your leisure.
You can then consider them in the context of your personal situation
before making a final choice. Fill in the simple
form and we can get back to you in 1 hour with your options.
Why Look Anywhere Else?
For all the loans and
mortgages we provide we are able to look across the market. For every
application we receive we examine hundreds of loan products to see which
are the best options. We work closely with the subsidiaries of many of
the well know high street banks, and ironically have products available
to us that you cannot get on the high street!
When we are able to offer
this service for free why would you choose to spend your time looking anywhere
else? If you want your loan now then take a moment to
complete the
relevant application form and then we'll come back to you with the best
deals. Remember, we aim to call you back with your options in around 1
hour! Let us do the hard work for you.
Bad Credit Loans are NOT a Problem!
We specialise in bad credit
secured loans and remortgages. If you have been refused a loan by others you may have convinced yourself that you are beyond
help. Don't worry - we would like to try to help you.
Don't worry................We want to help you
NOW!
Because we are a specialist broker we have a broad panel of lenders and
access to thousands of products. There may be one (or more) for you.
It costs nothing to apply
and you not obliged in any way. It only takes a minute.
We'll do all the legwork, tell you what your options are, and then we
can sort everything out over the phone.
In Summary
- Lower rate UK loans because we
have lower operating costs
- Bad credit secured loans and
remortgages are not a problem -
we are happy to consider all credit situations
- Funds for
any purpose -
debt consolidation loans,
car loans,
home improvement loans,
etc.
- No upfront fees
- Fast (1 minute)
online application
- Quick decision in
principle - we aim to speak to you within 1 hour of your application
- No credit search until you
authorise it
- As much as possible sorted out over
the phone to minimise your paperwork
Unsecured Loans from £200 to
£25,000; Tenant Loans from £200 to
£25,000; Secured Loans from £1,000
to £250,000; Remortgages up to £1m;
Payday Loans from £50 to £750;
Buy to Let mortgages;
Right to Buy Mortgages;
Poor Credit Loans
|
