Secured Loans: A Quick Overview Secured loans mean you promise one of your properties as a guarantee when making a deal with the lender. If you can’t pay back the loan, the lender can take and sell this property to get back the money you owe, plus any extra charges. It’s a big decision to […]
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What Does APRC Mean? A Complete Overview
What is APRC? APRC stands for Annual Percentage Rate of Charge. It is a percentage figure that helps you understand the total cost of your mortgage over the entire term. It combines all fees and interest rates into one number, making it easier for you to compare different mortgages, including secured loans. As you explore […]
Everything You Need to Know About Affordability Checks 2024
What is an Affordability Check? Imagine you are set to borrow some money. The lender wants to make sure that you can pay it back without any stress. This is what an affordability check is all about – a way to see if you can comfortably manage to repay the loan considering your current financial […]
How To Get A £30,000 Loan Successfully?
Can You Secure a £30,000 Loan? Yes you can. Securing a £30,000 loan is a possibility, provided you successfully meet the criteria outlined by the lenders. Keep in mind, since £30,000 is a large amount to borrow, you might be required to present a guarantor or some form of security during your application process. Having […]
Secured Loans Explained: How Do They Work?
What is a Secured Loan? You might have heard them referred to as homeowner loans, home loans, or second-charge mortgages. Secured loans are a way that lets you borrow a substantial sum by using your home as a sort of guarantee, often termed as ‘collateral’ or ‘security’. It’s a pact that allows the lender to […]
Unencumbered Mortgage: How to Remortgage a Fully Owned Home?
Owning a property without any debts hanging over it – sounds liberating, doesn’t it? And with that freedom, you might be thinking about the different ways to make the most of your fully paid property. Maybe it’s time to fix up the house or invest in a new opportunity? In this article, we’ll break down […]
