Actions

  Print Article
  BookMark Article

Categories    Category List

  Advice
  Aging
Arts
  Arts And Crafts
  Ask An Expert
  Automotive
  Banking
  Break-up
  Budgeting
Business
  Business Management
  Cancer Survival
  Career
Cars And Trucks
  Casinos
  Causes And Organizations
  Cell Phones
  Cheating
  College And University
Computers
  Computers And Technology
Cooking
Crafts & Hobbies
  Culture
Culture And Society
Current Affairs
  Dating And Relationships
  Death
Disease & Illness
  Domain Names
  Drop Shipping
  E-Commerce
  Electronics
Entertainment
  Environment
  Etiquette
  Ezines And Newsletters
  Family Concerns
Fashion
  Fiction
Finance
  Finances
  Financial Planning
  Food And Drinks
  Forums
  Gadgets And Gizmos
  Gambling
Gardening
Health & Fitness
Home
Home & Family
  Home Business
  Home Improvement
  Home Management
  Human Resources
  Import Export
  Infants And Toddlers
  Innovation
  Inspirational
  Insurance
  Intellectual Property
Internet
Internet Business
  Jobs
  K-12
  Medical Business
  Medicines And Remedies
Men Only
  Motivational
Motorcycles
  Nature
  Opinions
Our Pets
  Personal Development
  Pets And Animals
  Podcasting
  Pregnancy And Family Pla
  Presentation
Product Reviews
  Quotes
  Recreation
Recreation & Sports
  Recreation And Leisure
Reference & Education
Relationship
  Religion And Spiritualit
  Screenplay
  Search Engines
  Self Help
Self Improvement
  Selling
  Shopping
  Short Stories
  Society
  Speaking
  Sports
  Structured Settlements
  Supplements And Vitamins
  Team Building
  Technology
  Telecommuting
  Telesales
  Television
  Tools & Resources
  Travel
Travel & Leisure
  Video
  Web Development
Weddings
  Wellness, Fitness And Di
  Womens Interest
  Work Life Balance
  World Affairs
Writing & Speaking

Online Now    Online Now

Guests Online (121)

Baiduspider (9)

Bing (4)

Googlebot/2.1 (3)

SoGou (China) (2)

Baiduspider (1)

Googlebot/2.1 (1)

Bing (1)

Yandex (Russia) (1)

Author Login    Author Login

Welcome Guest! Please login or create an account.

Username:

Password:



If you do not have an account yet, you can register ( Here ), or you may retrieve a lost user/pass ( Here ).

Navigation    Navigation

   10 newest articles RSS

Author Highlights    Featured Author

Nasir Ayub
ST Marys

View My Bio & Articles


Bruce Rama
Brisbane

View My Bio & Articles


Margie Sharpe
Olympia

View My Bio & Articles


DisclosureDisclosure

You should assume that the owner of this website is an affiliate for the provider of goods/services mentioned on this website. Sometimes the owner may get paid a commission if you purchase the product when following a link.

Renewed Confidence Within The Secured Loans Industry

Author : Earnest R. Atherton

Submitted : 2010-07-09 00:04:21    Word Count : 474    Popularity:   57

Tags:   loan remortgage, bad credit remortgage, home loan secured

Author RSS Feed   Author RSS Feed

Over the course of the last three years, the home loans range, which includes mortgages, remortgages and secured loans have gone through a period of complete turmoil. It was a feature of mortgages and remortgages, during this period, that they had low interest rates.

This was mainly due to the fact that the Base Lending Rate of The Bank Of England was reduced to half of one percent, which was introduced in an attempt to kick start the economy, although this turned out to be a vain hope.

The low rates also did little to encourage people to apply for mortgages or indeed remortgages, and this was caused by the dramatic fall in property values. Everyone felt so unsure of the future that they had no wish to take on a mortgage to become a homeowner.

Likewise, those who were already homeowners, preferred to remain in their current home rather than move to another property due, not only to the plummeting of property values, but also because of the general uncertainty of the times that they were living in

Now that property prices are stabilising and rising, interest rates have already been hiked up by lenders, such as the Abbey.

Applications for a remortgage went down in the same manner as had mortgages.

This is not surprising, as remortgages are simply mortgages that replace the current mortgage with another from a new mortgage provider. A better mortgage deal can be achieved by remortgaging.

Secured loans were more adversely affected than the other two home loans, and fell so dramatically that lender after lender and broker after broker exited the market.

Things for the secured loans sector were looking dire for over two years, with the abolition of 100% equity plans and even 125% LTV secured loans which were available previously from a number of lenders, including First Plus and Paragon.

Self declarations of income were done away with for self employed borrowers, who were now compelled to produce accounts when applying for finance. There have been a number of improvements in secured loans during the past few months.

The first of these was the re introduction by Link Loans of self certs for self employed homeowners who can apply for a homeowner loan providing they have been trading for at least six months, can provide three months bank statements and have a maximum LTV of 60%.

The Cardiff based secured loan lender, Nemo, has increased both the LTV for employed and self employed applicants by 5% to 85% and 75% respectively. The most recent sign of renewed confidence was shown today, again by Link Loans, who have increased their maximum loan value from 30,000 to 50,000 which is a signiicant show of confidence.

Secured loans of 100,000 or more can be obtained from other providers.

Author's Resource Box

For more information about loan remortgage, please visit our site http://loanremortgage.net

Article Source:
www.1ArticleWorld.com

 

  Report Article
Badly Written Offensive Content Spam
Bad Author Links Mis-spellings Bad Formatting
Bad Author Photo Good Article!