Look in any estate agent’s window and it becomes clear very quickly how much house prices are rising across the UK. But that can be a real advantage to a homeowner looking to raise some quick cash – perhaps to consolidate credit card and other debts or to embark on some home improvements.We’re talking secured loans here, of course, perhaps the easiest form of loan to obtain.That’s because security for the loan is provided by bricks and morter – your home, in other words.And because there are so many lenders willing to provide such loans, because the borrower is offering bricks and morter as security, some really competitive loan rates are available.The secured loan takes advantage of the equity which may be locked up in the value of a home. For example, a home bought for 60,000 (via a mortgage) may, years later, be worth double the purchase price or more because of the steady, increasing rise in house prices.And it’s this difference in value then and now, known as the equity, which allows the homeowner to borrow against and which is attractive to the lender.
The loan may be provided by the lender of the original mortgage. Or it may be...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
