Why Get a Secured Loan?

If you want to borrow money based on the equity in your home, it would behoove you to do some shopping first. You typed in a search for welcome finane, but by filling out our form you can see what other options you may have.

Home owners need to be able to access cash for all kinds of needs and wants. If you are a home owner, you will find that you should be able to get funds up to the value of your home from a secured lender like Welcome Finance.

There's many a reason why one would seek a secured home owner loan rather than a remortgage. First of all, if one's personal credit standing has declined since they got their original mortgage, the rate they will be able to get will almost certainly be higher than the original mortgage, and the higher rate will apply to the total loan. Moreover, if rates in general have risen, one wouldn't want to forfeit the lower mortgage rate he has on the old mortgage. So, if he needs an extra 20,000 to have a swimming pool installed, he won't have to give up that original rate. He can get a homeowner loan for just the sum of money he needs, and maybe even pay the second charge loan off early.

Besides, even though remortgages are in the main at lower mortgage rates than secured home owner loans, you can find some select lenders in the UK that have access to some very attractive rates on secured homeowner loans. Low Cost Funding has access to these lenders, and we specialize in quickly scanning these to find you the lender that will get you the loan for your situation. For instance, there are loan merchants that specialize in bad credit homeowner loans. And other sources that feature special low rate lending for those with an excellent credit rating. Also, there are some second charge loan merchants that are more favorable towards lesser loan amounts than other loan merchants.

Another advantage of getting a secured loan is length of time in getting your loan. How speedily can you get the funds you need with a secured loan? Well, in the UK, for loan companies like Welcome Finance, loans under 25,000 are regulated by the Consumer Credit Act of 1974. This means that there is a 2 week time lag before your funding can go through. However, loans with amounts greater than 25000 are not subject to regulation, and hence it is feasable to get your loan approved the very next day. Compare this convenience to a remortgage, where you will have to wait much longer before you get your money.

Low Cost Funding can furnish you with a personalized quote on a secured loan to fit your needs. As stated above, we have the resources to rapidly search from amongst top home loan companies in the United Kingdom to pick the best loan sources for your particular needs. And because we get paid from the lenders, it doesn't cost a penny more to you for using our assistance. So if you were searching for welcome finane to get a secured loan, take a couple of minutes and get a loan quote from us to see what other fantastic options are available.