SECURED FINANCIAL LOANS IN MALDON
As a broker covering the Maldon area. Hoskin Home Loans can access loan providers with substantial funds, being a broker we offer second charge secured financial loans from £3,000 to in excess of £2.5 million with LTV’s of up to 95%. We take great pride in our experience and transparent responsive service, with key benefits including:
LARGE NETWORK OF FUNDERS
As a broker we have got the means to access a vast network of private and mainstream funders to permit us to locate you the best deal. With highly competitive rates, 95% LTV’s and repayment options from 5 to 30 years.
RAPID AND RELIABLE SERVICE
We understand how important it is to have responsive customer service. That’s why we deal with enquiries promptly and provide a Same Day Decision, that may be usually within 1 hour. We’ll also process and dispatch all documentation on the same day.
EXPERIENCED TEAM
By working with Hoskin Homeloans, you can be certain you’re dealing with experts. Each of our underwriters have extensive experience within the finance industry and direct connections with our funders.
FCA REGULATION OF SECURED LOANS
Secured loans are here to stay and are now regulated by the Financial Conduct Authority (FCA), if you are a mortgage advisor or an middle man in the financial world you need to develop a relationship with a secured loan broker like Hoskin home Loans to ensure that you comply with the rules and regulation set out in the FCA’s consultation paper CP14/20, “where a borrower wants to raise additional funds, they must be made aware that in addition to a further advance or remortgage, a second charge may be more appropriate.” Be regarded as a forward thinking broker and team up today with an FCA compliant company.
HOMEOWNER LOAN
Are you currently a home owner who has been turned down for a personal loan? Have you considered securing the loan against your property? Read on to uncover the questions you should ask before choosing to take out a homeowner loan.
What’s a homeowner loan?
A homeowner loan is only open to those who presently have a mortgage. This kind of borrowing is typically referred to as a secured loan as the debt is secured against an asset, which could then be repossessed should repayments not be made. This cuts down the risk to the lender, which could result in preferential interest rates, but presents a risk to the borrower who could lose their property if payments are defaulted.
How much money can I borrow?
The amount of the loan granted can vary from lender to lender, but homeowner loans are usually up to the amount of £200,000. Lenders feel more confident in granting loans to borrowers who are willing to secure the credit against an asset.
How soon must I repay my homeowner loan?
Due to the characteristically large amount of credit associated with any homeowner loan, it’s repayment can be spread across a term of up to 30 years. This lengthy term can often mean that borrowers may benefit from low monthly interest rates, although keep in mind that more interest would be paid overall.
Can a homeowner loan be repaid early?
Yes, there is an opportunity to repay a homeowner loan early, but doing so may incur an early settlement charge, and that’s added to the remaining balance at the time that a settlement figure is requested.
Our home is jointly owned, does this mean that the homeowner loan also needs to be in both names?
A homeowner loan is secured to the property rather than to the individual, which means if the property is jointly owned, the credit rating of both owners has to be looked at. In combination with credit score, affordability will also be assessed to measure the monthly outgoings against the joint income.
You know your home is one of the most important investments you will ever make. Also you realize that without constantly maintaining and enhancing your home, it is an investment which will never grow in value. However, what do you do if you do not have the funds to make the improvements you are hoping to make? We suggest making an application for one of the many home improvement loans now available in the UK. A secured home loan is one of the best financial tools accessible to homeowners. These loans permit the individual to leverage the value already in his or her home to borrow considerable amounts of money with friendly repayment terms. Moreover, as a secured loan, this financing is inexpensive and fairly easy to get, provided you have equity in your home. Here is a brief, step-by-step guide to getting a cheap home improvement loan.
The 1st step in obtaining a cheap secured loan is understanding how much you are eligible to borrow. You are able to figure that out by calculating the equity in your home. Equity is the difference between how much your house is worth on the retail market and just how much you currently owe on your mortgage. Just subtract your mortgage balance from the retail value of your home; the resulting number will be your equity. For example, a home worth £100,000 which has an outstanding mortgage balance of £70,000 has equity of £30,000.
If you do not yet have a family budget, you need to create one in order to decide how much you can afford for monthly loan payments. People who already have a budget need to adjust it to make certain unnecessary expenses are curtailed. Without a proper and reasonable budget in place, it is too easy to become overextended with a secured home loan. That’s not a good idea when you consider the fact that defaulting on a home loan could result in the repossession and sale of your property.
Tailored debt consolidation, for more control.
A credit card here, a holiday loan there, an outfit on a store card, a new TV with monthly payments, it’s way too easy to build up expensive debts. If they have different payment dates one could get missed, but debt consolidation enables you to pay them all off with one low rate loan that only requires a single payment every month.
Stop missed payments, rebuild your credit rating.
Debt consolidation makes it easy to take charge of spiralling credit payments, so you can reduce your monthly bills and rebuild your credit rating by proving to lenders that you can manage your finances. Our expert customer managers will share with you how to work out any early repayment charges, talk through your options and direct you through every step of the application process so you’ll soon be back on track.
To Contact Us at Hoskin Home Loans please telephone us on 01621 876030 or alternatively e-mail us on the contact from below.
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