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Secured Personal Loan Finance Uk-Features & Benefits

Written By jeremy hunk on Thursday, July 12, 2007 | 7:13 PM

This Article is aimed at those Uk clients undecided whether to Remortgage or take out Secured Personal Loan Finance. Lets examine the Generic features of why someone may choose secured Personal Loan Finance:-
  • Combine all monthly credit outgoings into 1 single monthly payment
  • High interest rates on existing credit is unmanageable
  • Those requiring to quickly raise funds as Remortgaging is slower
  • People that have heavy Mortgage redemption penalties to exit existing Mortgage Lender
  • Been declined a Remortgage due to low Income multiples
  • Home loan is based on affordability not income multiples
  • Existing Mortgage rate is highly competitive & do not wish to Remortgage
  • May not wish to pay potential upfront fees for a Capital Raising Remortgage
  • Existing credit profile is poor & you do not wish to fully remortgage to a Sub Prime Lender
  • You wish to wait until your poor credit is out of date before remortgaging again
  • Declined a Remortgage by their Mortgage Lender due to their Loan to Value property rating
  • Mortgage arrears currently & existing lender will not advance further funds to remortgage
  • Note these features are for guidance purposes only & are not to be seen as a personal recommendations.

    Source: http://EzineArticles.com/?expert=Martyn_Spencer

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