UK Secured Loans - What They Are And How You Can Get One
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James Copper
Apr 26, 2013, 4:40:04 PM4/26/13
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Article Title: UK Secured Loans - What They Are And How You Can Get One
Author: James Copper
Word Count: 592
Article URL: http://www.isnare.com/?aid=146278&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=146278
Easy Publish Tool: http://www.isnare.com/html.php?aid=146278
*********************** ARTICLE START ***********************
The most prevalent of the UK secured loan options is the home loan, with the home used as collateral against default on the loan. Here are the basics of the UK secured loan for home buying, home improvement, and other money raising needs.
Right now is the easiest it has ever been to get a UK secured home loan. You can do your own comparison shopping easily online, through the sites of the various lending and banking institutions, mortgage firms, realty sites, loan directories and non-profit self help lending associations.
The UK government can even help information you about how to get a UK secured loan. Not only can you enlist the help of your own real estate agent but you can also enlist the help of an online or offline financial broker whose job it is to assess your own particular needs and financial situation and find you the best buy in a UK secured loan.
The world of the UK secured loan is busy, crowded and highly competitive. What that means for you, the UK consumer, is lower rates and more competitive terms for your UK secured loan.
The disadvantage and difficulty in looking for and finding a UK secured loan is that the market�s competitive nature has created a very complex world of government and association regulations and confusing rules.
What this means for the consumer is that just because she or he can get a UK secured loan more easily than in years and decades past, that doesn�t necessarily translate into paying off the balance more easily.
In fact, the UK consumer may find it considerably more difficult. In the case of a home loan this is a serious thing, as you risk the roof over your and your family�s head.
Before the recent legislation stepped in to regulate the UK secured loan the consumer clearly understood the serious nature of the transaction and the responsibility they were taking on. That isn�t necessarily the case any longer.
Before you submit an application for a UK secured loan with your home as collateral, there are several things you must keep at the forefront of your mind.
First, don�t ever forget that if you don�t pay the loan on a timely basis, you can lose your home. Technically you can miss one payment or be late on two or three and have your home repossessed.
You should have a solid idea of what your income and career future looks like and how much you and any other wage earner in the home is going to be making for as much of the life of the loan as is reasonably possible.
You might even consider, especially if you and your spouse work and one of you is of child-bearing age, that one of you will be unemployed for up to five years and factor that into the income equation.
In the UK a secured loan generally offers monthly, quarterly or semi-annual payment options. Think about what is best for your finances.
Make sure that you are not signing for what you think is a cheap loan to find out after that that low rate of interest means bad news such as balloon payments, prepayment penalties or a hefty rate increase if you miss one payment. All these things are possible and do happen. Read the fine print before signing.
About The Author: James Copper is a time severed UK Secured Loan Broker. He works for Any Loans who offer a number of low rate secured loans - http://www.any-loans.co.uk
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=146278
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
James Copper
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=146278
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=146278
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: UK Secured Loans - What They Are And How You Can Get One
Author: James Copper
Word Count: 592
Article URL: http://www.isnare.com/?aid=146278&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=146278
Easy Publish Tool: http://www.isnare.com/html.php?aid=146278
*********************** ARTICLE START ***********************
The most prevalent of the UK secured loan options is the home loan, with the home used as collateral against default on the loan. Here are the basics of the UK secured loan for home buying, home improvement, and other money raising needs.
Right now is the easiest it has ever been to get a UK secured home loan. You can do your own comparison shopping easily online, through the sites of the various lending and banking institutions, mortgage firms, realty sites, loan directories and non-profit self help lending associations.
The UK government can even help information you about how to get a UK secured loan. Not only can you enlist the help of your own real estate agent but you can also enlist the help of an online or offline financial broker whose job it is to assess your own particular needs and financial situation and find you the best buy in a UK secured loan.
The world of the UK secured loan is busy, crowded and highly competitive. What that means for you, the UK consumer, is lower rates and more competitive terms for your UK secured loan.
The disadvantage and difficulty in looking for and finding a UK secured loan is that the market�s competitive nature has created a very complex world of government and association regulations and confusing rules.
What this means for the consumer is that just because she or he can get a UK secured loan more easily than in years and decades past, that doesn�t necessarily translate into paying off the balance more easily.
In fact, the UK consumer may find it considerably more difficult. In the case of a home loan this is a serious thing, as you risk the roof over your and your family�s head.
Before the recent legislation stepped in to regulate the UK secured loan the consumer clearly understood the serious nature of the transaction and the responsibility they were taking on. That isn�t necessarily the case any longer.
Before you submit an application for a UK secured loan with your home as collateral, there are several things you must keep at the forefront of your mind.
First, don�t ever forget that if you don�t pay the loan on a timely basis, you can lose your home. Technically you can miss one payment or be late on two or three and have your home repossessed.
You should have a solid idea of what your income and career future looks like and how much you and any other wage earner in the home is going to be making for as much of the life of the loan as is reasonably possible.
You might even consider, especially if you and your spouse work and one of you is of child-bearing age, that one of you will be unemployed for up to five years and factor that into the income equation.
In the UK a secured loan generally offers monthly, quarterly or semi-annual payment options. Think about what is best for your finances.
Make sure that you are not signing for what you think is a cheap loan to find out after that that low rate of interest means bad news such as balloon payments, prepayment penalties or a hefty rate increase if you miss one payment. All these things are possible and do happen. Read the fine print before signing.
About The Author: James Copper is a time severed UK Secured Loan Broker. He works for Any Loans who offer a number of low rate secured loans - http://www.any-loans.co.uk
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=146278
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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