secured lending

/Tag: secured lending

Rather than borrowing from the bank, it is possible to borrow from yourselves, by extracting money from the equity in your homes.

Mortgage Age Limits Change in the UK

2017-02-22T15:06:20+00:00Tags: , , , |

Mortgage age limits set to rise It is wonderful that most of us are living longer. By 2034 it is estimated that around a quarter of the population will be aged over 65. Society is therefore changing but is the financial services industry offering the right products to meet our changing needs? Recent regulatory changes on affordability [...]

Secured loan, what is it?

2017-02-22T15:06:20+00:00Tags: , , , , |

Simply put, a secured loan is only available to property owners (with a mortgage), where the lender retains security against your house to get its money back if you can't repay. The 'secured' bit means the lender gets 'security' not you, so if there are problems it can repossess your home but only as a last resort. [...]