With the mortgage market still stuttering homeowners are getting frustrated at being unable to unlock their equity. Lending criteria remains tight, especially if you have some adverse points on your credit file.
Secured loans is a side of the finance industry that is growing stronger by the day. Some of the key features are as follows:-
- Loan amounts from £3,000 – £100,000
- Capital raising for any purpose
- Loans on residential and BTL properties are accepted
- Defaults accepted
- CCJ's accepted
- Mortgage arrears accepted
- Non standard construction accepted
- High rise flats accepted
- Up to 55% of your net earning taken for income calculation
As you can see the secured loan market has come on leaps and bounds. There is a real appetite to lend as long as you fit the criteria.
If you would like to discuss a Secured Loan with Solution Mortgages Ltd, please call 0845 1231260 or visit our website on www.solution-mortgages.co.uk.