SECURED FINANCIAL HOME LOANS IN BRENTWOOD
As a broker covering the Brentwood Area, Hoskin Home Loans can access loan companies with substantial funds, as a broker we provide second charge secured 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:
WIDE NETWORK OF FUNDERS
As a broker we have got the means to access an enormous network of private and mainstream funders to permit us to uncover you the very best deal. With highly competitive rates, 95% LTV’s and repayment options from 5 to 30 years.
RAPID AND EFFICIENT SERVICE
We realise how important it truly is to receive responsive customer support. That’s why we reply to enquiries promptly and provide a One Day Decision, which is 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 confident you’re working with experts. All of our underwriters have extensive experience of the finance industry and strong connections with our funders.
FCA REGULATION OF SECURED LOANS
Secured financial 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’ll want to build a relationship with a secured loan broker like Hoskin home Loans to ensure 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.” Become a forward thinking broker and team up today with an FCA compliant company.
HOMEOWNER LOAN
Are you currently a home owner that has been declined for a personal loan? Have you thought about securing the loan against your property? Read on to discover the things to ask prior to choosing to obtain a homeowner loan.
What’s a homeowner loan?
A homeowner loan is only available to those who already have got 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 stop being made. This decreases 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 total amount of the loan granted can differ from lender to lender, but homeowner loans are generally up to the amount of £200,000. Lenders feel more confident in granting loans to borrowers who are ready to secure the credit against an asset.
How soon must I repay my homeowner loan?
Because of the characteristically large amount of credit associated with any homeowner loan, it’s repayment may be spread across a term of up to 30 years. This lengthy term can often mean that borrowers can benefit from low monthly interest rates, although keep in mind that more interest will be paid overall.
Can a homeowner loan be repaid early?
Yes, there is an opportunity to repay a homeowner loan early, but to do so may incur an early settlement charge, which is added onto the remaining balance at the time that a settlement figure is requested.
Our house is jointly owned, does this mean that the homeowner loan must also be in both names?
A homeowner loan is secured to the property instead of to the individual, which means that if the property is jointly owned, the credit rating of both owners must be taken into consideration. In addition to credit score, affordability will also be assessed to measure the monthly outgoings against the joint income.
You understand your property is one of the most important investments you will ever make. Additionally you know 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 money to make the improvements you really want to make? We recommend applying for one of the many home improvement loans currently available in the UK. A secured home loan is one of the better financial tools accessible to homeowners. These loans allow 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 got equity in your home. Here is a brief, step-by-step guide to obtaining a cheap home improvement loan.
The 1st step in obtaining a cheap secured loan is understanding how much you are eligible to borrow. You can 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 how much you currently owe to your mortgage. Just subtract your mortgage balance from the retail value of your home; the resulting number will be your equity. For instance, a property worth £100,000 which has an outstanding mortgage balance of £70,000 has equity of £30,000.
If you do not yet have a household budget, you need to create one in order to determine how much you really can afford for monthly loan payments. Those who already have a budget need to adjust it to make certain unnecessary spending is 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 home.
Tailored debt consolidation, for extra control.
A credit card here, a holiday loan there, an outfit on a store card, a new TV with monthly payments, it’s all too easy to accumulate expensive debts. If they’ve different payment dates one could get missed, but debt consolidation lets you 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 simple to take control of spiralling credit payments, so that you can reduce your monthly bills and rebuild your credit rating by proving to lenders that one 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 guide 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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