(PRWEB) July 21, 2005
Loans Connection (http://www.loansconnection.co.uk) can now assist homeowners with secured personal loans and second charge loans. A secured loan is any personal loan that requires the borrower to provide the lender with some form of security. In the case of secured loans, the security will be the borrower's property, regardless of whether it is mortgaged or owned outright. Loans secured against property that is already mortgaged are known as second charges, whereas loans secured against a property owned outright with no existing mortgage in place are known as first charges.
There are many companies offering secured personal loans but Loans Connection believe they are different. They understand how both mortgages and secured loans work. They also want their clients to recommend them and return to them in the future. That is why they always provide their clients with the very best deal the first time.
Secured loans are available for many reasons and can be for any purpose. Most people use secured loans for debt consolidation and home improvements. Secured personal loans can often be offered to people who have been rejected by their mortgage company because of bad credit.
What is a UK Debt Consolidation Loan?
A UK Debt Consolidation Loan from http://www.loansconnection.co.uk is a low cost loan secured on a UK home. It frees up the spare capital (or equity) in the home to repay store card and other debts. A Debt Consolidation loan for home owner can reduce BOTH the interest costs and the monthly repayments, putting the borrower back in control of their life.
A low rate Home Improvement Loan is great if someone wants to raise a large amount; are having problems getting an unsecured loan; or have a bad credit history Â they may be able to get a bad credit Home Improvement Loan even when they have been turned down for an unsecured loan. With a low cost, low rate, cheap, low interest Home Improvement Loan, the borrower can afford the extension, new kitchen or bathroom, conservatory, landscaped garden, redecoration in their own home. It can add value to the property and save all those moving costs too.
A secured loan is a generic name for a loan secured on a home. A low rate secured loan uses a UK home as security which is why it is also known as a secured home loan. It is suitable for raising a large amount; if people are having problems getting an unsecured loan; or have a poor credit history. Lenders are more flexible with their underwriting, making a Secured Loan possible when borrowers may have been turned down for an unsecured loan.
Loans Connection can help with all aspects of secured personal loans for any purpose.
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