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2008-02-28 23:21:46
Secured Loans Up to 90% of the Value of Your Home
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 With the credit markets tightening in the United Kingdom and aboard, it can be a little harder to obtain a 125% secured loan. Still possible, but certainly not as easy as it was just a couple of short years ago.
Most lenders now are sticking with secured loans with a maximum LTV (Loan to Value) of 90-100%. Meaning if you combine all of the current outstanding mortgages and secured loans on the property, plus the loan amount that you are planning on taking out, and divide this amount by the current value of the home, you are left with a number between 0.9 - 1.0. This would represent 90-100% LTV.
Let's say that you own a flat that is currently worth 100k pounds. There is a 60k mortgage outstanding on the property, and you wish to borrow extra money in order to renovate and consolidate some of your debts. If a lender only does 90% LTV, that means that you would only be able to borrow 30k pounds. If a lender goes all the way up to 100% LTV, that would mean that you would be able to borrow 40k pounds.
Now, the question is, where do you obtain a 90% secured loan?
This is the easy part. Because you own a home or flat in the UK, you are looked at as being a good credit risk, regardless of any arrears, CCJ's or otherwise tarnished credit that you may have. There are over 250 secured loan firms in the UK, and all will be eager to do business with you.
Applying is simple. Simply click this link and you will be taken to our simple to use application form. Filling out this form will take no more than 5 minutes of your time. After completing the form, a representative from a major secured loans firm in the UK will be in contact within a day or so. We do all of the legwork for you, and will match up your details with the best possible firm in our database. We only deal with reputable and long-established firms. Keep in mind that you are under no obligation to take out a loan should you be accepted.
Apply for a Lending Place secured loan today!
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Get a 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 competing for your business - Apply 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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