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2008-02-07 10:31:14
Equity Loan on My House or Home: A Savvy Financial Move?
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 If you own a home or flat and are a permanent resident of the UK, and need to raise a substantial sum of money, then taking out an equity loan can be a prudent financial move.
There can be many different reasons for needing to take out a substantial loan. Perhaps you are drowning in debt and would like to consolidate all of your debts with a debt consolidation loan. Or maybe your old clunker of a car is just not cutting the mustard and you figure that now is the time to upgrade to a new one. Or maybe you want to renovate your kitchen and just don't have the money in your bank account.
There are many advantages to taking out an equity loan compared to an "unsecured loan". Namely, you pay much lower interest rates and can take a much longer period of time to pay the loan back. Compare a typical variable secured loan interest rate of 8.5% against a typical unsecured interest rate of 15-16%. That is a massive difference over the lifetime of a loan.
With an equity loan, you are guaranteeing the loan using the equity in your home. This makes you a great credit risk, and banks and other secured loan lenders will be eager to do business with you. Banks will even overlook such things as arrears, CCJ's and a plain bad credit record.
Applying for an equity loan is quick, simple and easy. Simply click on the link below, and you will be taken to our application form. Simply take five minutes out of your day and fill out this form, and then an agent from a leading secured loans firm in the UK will be in contact within a day or two. You are under no obligation to take out a loan should you be approved.
Apply for a Lending Place secured loan today!
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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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