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2008-01-29 07:55:24
125% Secure Loan - Getting The Most Out of the Value of Your Home
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 If you are a homeowner who is a permanent resident of the United Kingdom, then you may or may not be aware of the awesome borrowing power that you have as a homeowner.
If you own a home or flat in the United Kingdom then you are likely eligible to apply for a 125% Secured Loan.
What is this exactly? Well, it is a loan in which you pledge some or all of the equity in your home as collateral against a loan. With a 125% secured loan, you can borrow up to 125% of the current appraised value of your home, minus your outstanding mortgage.
So let's say that you currently own a detached home in Liverpool that is currently worth 200k pounds. To figure out how much you would be eligible to borrow, simply take the appraised value and multiply this number by 1.25. Then, subtract your current outstanding mortgage and you will be left with a number that will represent your total available borrowing power.
Secured loans can be used for a wide variety of different reasons, including debt consolidation loans, home renovation loans and new vehicle purchases. You can generally take up to 25 years to pay the loans back, just like with a mortgage.
The biggest advantage of the "secured loan" is that you will pay, on average, much lower interest rates than with an unsecured loan. With a secured loan you will likely pay around 8.5% to 9.0% APR; with an unsecured loan you would likely be looking at around 15-16%. This is a major difference, plus with a secured loan you are able to borrow a much larger quantity of money due to the loan being secured against the equity in your home.
Applying for a 125% secured loan is quick, easy and painless. Simply click on the link below and you will be taken to an application page that will take you no more than five minutes to fill out. We match your details with a leading secured loan firm out of a database of 250+ lenders in the United Kingdom, and that lender will contact you within a couple of days. There is absolutely no obligation to take out the loan, should you be accepted. Apply today!
Apply for a Lending Place secured loan today!
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you are under NO OBLIGATION!
We'll Compare over 250 loan plans and search over 90% of the loan market.
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Get Your Free Loan Offer Today - Click Here
There is NO FEE and you are under NO OBLIGATION!
We'll Compare over 250 loan plans and search over 90% of the loan market.
Applicants with bad credit history, Mortgage Arrears, Missed payments or CCJs are welcome.
A lot of big banks are competing for your business - Apply Today
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