2008-01-21 00:14:23
Raising Capital From Your House: How to Raise Capital From Your Home
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 If you own a home or flat and are a resident of the United Kingdom, then you are likely well aware that your home is a tremendous asset. Not only do you increase your equity in your home with every passing month when you make your mortgage payments, but your home is also appreciating in value practically every year (with the occasional downwards movement.) The fact that you might not be aware of is that since you are a homeowner, lenders will practically be lining up to lend you money due to the fact that you are a great credit risk.
You may be saying to yourself, "I'm not a great credit risk. I have had arrears, I have CCJ's, and I have a terrible credit history." Not so fast. If you have equity in your home, this means that you are able to pledge this equity as collateral for a "secured loan."
Secured loans are much better than unsecured loans for a number of reasons. First off, the biggest advantage of a secured loan is MUCH lower interest rates (usually) than an unsecured loan. A typical secured loan variable interest rate is around 8-9% APR, whereas the average unsecured loan interest rate is usually 15%+. This represents a huge savings to the borrower.
Also, because you have collateral in the form of equity in your home, you are able to borrow much larger amounts of money. Depending on how much equity you have in your home, secured loan lenders will lend you up to a maximum of 100k pounds (some firms will lend more upon request.) Most people who take out secured loans need a substantial sum of money for home renovations or debt consolidation. If you need to take out 1k pounds, take out an unsecured loan. However, if you need a substantial sum of money and you are a homeowner living in the United Kingdom, then a secured loan is your best option.
With a secured loan, you are also able to take your time paying back the loan. You can choose anywhere between three to 25 years to pay back the loan in full. This will give you flexibility, especially if you need to borrow a substantial sum of money.
To apply to raise some capital from your home, all you need to do is follow the link below. You will be taken to our application form which takes no more than five minutes to fill out. Once we have collected your details, we will shop your loan around to the most reputable firms in the United Kingdom. They will contact you shortly after you apply. Normally the entire process, from application to actually receiving your funds, takes 2-4 weeks.
Apply for a Lending Place secured loan today!
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