Homeowner? Get Higher Loan Amounts On Any Loan Type

If you are a homeowner you can easily get loans that require collateral and thus obtain advantageous terms on your loans. However, not everybody knows that being a homeowner will also guarantee you better loan terms on other loan types including unsecured personal loans. But most importantly, whether you want a secured or unsecured loan, you will be able to get significantly higher loan amounts thanks to home ownership.

Homeownership represents a significant risk reduction for the lender even if the assets are not used as collateral for the loan. Thus, anyone who is a homeowner will find in lenders a better disposition to negotiate loan terms and will be able to obtain more advantageous terms on loans including higher loan amounts without having to overpay for them.

Homeownership and Risk

Homeownership and risk are two concepts that are related. The risk implied in any financial transaction will depend on the applicant’s creditworthiness and on other factors too. One on these factors is the applicant’s ability to repay the loan which is determined by the income and all the applicant’s assets that can be eventually sold to use the money to repay the loan.

Thus, being a homeowner greatly reduces the risk involved in any financial transaction, even if the property or properties are not used as collateral for that particular loan. This is due to the fact that regardless of the use of the properties, they are still unofficially guaranteeing repayment of any applicant’s obligations because there are legal processes other than repossession that can force the borrower to sell the property to repay the loan in the event of default.

Risk And Loan Amount

We have analyzed the fact that homeownership and risk are related, now we will go a step forward to see how risk and loan amount are related. Actually the risk involved in the financial transaction determines most of the loan terms. The loan amount is definitely not the exception. If the risk is higher, the lender will prefer to lend the least money possible in order not to risk too much on the financial transaction.

Thus, a lower risk will imply that the lender will be willing to lend a higher loan amount as this will increase his profits without too much risk of default. Since the risk can be pondered in terms of money, the higher the loan amount lent, the higher the risk. But the opposite is also true: the lower the risk implied (due to other factors like homeownership) the higher the loan amount that can be lent.


From the above two considerations, one can infer that homeownership implies a lower risk in any financial transaction regardless of the use of the property as collateral of the loan or not and that this risk reduction affects the loan terms in a positive way. Thus, due to the risk reduction produced by homeownership, the applicant can get lower interest rates, longer repayment programs, lower monthly payments and higher loan amounts.

Fulfill Personal Needs With Secured Loan UK

Stop compromising with your dreams. Now money deficit can no more prevent you from meeting your much desired dreams. If you are a UK resident, then secured loans have good news for you as they provide personal secured loans to meet your dreams.

Personal secured loans are offered to UK residents for your numerous purposes. You can use these loans for buying a home, car, renovating house, paying off previous debts, meeting medical or educational expenses and many other purposes.

You can borrow a personal secured loan UK with an amount ranging from £5000 to £75000 and even greater depending upon the collateral you put. Collateral is necessary to put against the loan amount as it is a secured loan. The collateral is mostly put as your home, vehicle, or any valuable paper.

Since you offer collateral, the lender becomes secured about his money and offer you larger loan amount. Along with that secured personal loans also offer a reduced interest rate and a flexible repayment term of about 3-25 years to all UK residents.

If you are having a bad credit history, do not worry at all. Secured personal loans also take care of all bad credit holders in UK. Bad credit holders include all individuals whose credit history includes poor credit score, arrears, defaults, bankruptcy, CCJ etc.

A simple secured loan might take ages to reach you because of its long approval process and paperwork. But with personal secured loans UK, you need not wait for the approval nor you need to find and visit each lender personally. Personal secured loans are provided to all UK residents online. Now you can avail money just by sitting at home with the help of your computer. Internet provides a huge list of online lenders providing secured personal loans to UK lenders. You can easily make a visit to as many lenders as you can without moving from your seat.

While applying for secured personal loans UK, you will be required to fill an online application form which will ask you to fulfill certain conditions. First of all you should be a UK resident with above 18 years of age. You should also have an employment proof and a minimum salary up to an amount fixed by the lender. Apart from these, you also need to have your identity proof, residential proof etc.

Once your application satisfies the lender, your loan will be approved shortly and the money will reach you in a very short time.

Short Term Personal Loans: Possible Always!

Do you want to avail personal loans? Do you want to avail these loans for a short period of time? Do not worry. With short term personal loans, you can fulfill your needs. Yes, now personal loans are also available for a short period of time. So, if you need monetary assistance for a short tenure, get it with short term personal loans.

Since, these loans are offered for a short period of time; hence, the repayment of these loans varies within 5-10 years. These loans are available both in secured and unsecured forms. To avail these loans through the secured way, you have to pledge a security against the borrowed amount. As security, borrowers’ home, other real estate, automobile, saving account, jewelry etc are generally used. Oppositely, in case you want to avail personal loans through the unsecured way, you need not pledge anything. This option is perfect for all types of tenants including council tenants, MOD tenants, housing executives, private landlords, living with parents or friends, pgs and so on.

Short term personal loans can be used for various purposes. With these loans, you can go for higher study, you can pay off your debts, you can make a holiday trip, you can cover your wedding expenses or you can avail money for business purposes.

Now it comes to the interest rate. If you want to avail short term personal loans through the secured way, you will get the benefit of lower interest rate. Since, in this option, borrowers’ security covers the risk of lending amount; hence, lenders generally offer these loans at comparatively low interest rate. But, by opting for the unsecured option, you can make the interest rate pocket friendly as well. In such case, you just need to make some research.

Short Term Car Lease – Could it be For You?

Few people will disagree that nowadays everybody needs a car. Yes, it’s true that public transport is efficient and reasonably cheap in most of our towns and cities; but despite what the environmentalists tell us, we all know that there is no substitute for the comfort of the motorcar.

Don’t believe me? Try taking your two young children to the supermarket by bus and returning with 20 bags of groceries. Perhaps you enjoy waiting on your own for an overcrowded train in the cold and poring rain. Yes, spoilt we may be, but in today’s world everyone needs a car.

But there’s a catch – motoring is not cheap. The credit crunch is affecting us all, and petrol prices are rising exponentially. Any car is expensive to purchase and running even the smallest private vehicle is extremely costly.

So, in a nutshell, here’s the problem – everyone needs a car, but it’s becoming increasingly more difficult to afford even the simplest model. Could a short term car lease be the relatively simple solution to this apparently unsolvable dilemma?

Sure a short term car lease will cost you money, but perhaps not as much as you might think…

In layman’s terms, a short term car lease is akin to renting a vehicle as opposed to purchasing it. The leaser uses the vehicle for a pre-specified amount of time (usually for no more than 24 months).

The major advantage of a short term car lease is that you will not have to fork out thousands of pounds for a brand new car; rather you will pay for the use of the vehicle in monthly installments. The money you would have spent can therefore sit in your bank making interest and will not depreciate with the value of the vehicle.

Sure, you could save money buying a second hand car, but buying second hand is always a gamble (do you really want to risk hundreds of pounds worth of repairs – buy a five year old car and you can guarantee that something major will go wrong sooner or later). Why not buy something new that’s guaranteed to work well and which you won’t have to pay a huge amount of money for?

The great thing about any short term lease car is that it will be new, its performance should be excellent (including its fuel-efficiency) and it will look great and stylish.

The only real disadvantage to a short term car lease is that although you do not own the car, it will be up to you to maintain the vehicle’s condition (the car will have to be returned to the car lease company in a reasonably good state). However, as the car is new, it is highly unlikely that anything major will go wrong with it – and even if it does, the vehicle will still be covered by the manufactures’ guarantee.