Press release -
Remortgages And Secured Loans Are Reviving
Both <a href="http://www.championfinance.com">secured loans</a> and remortgages are loans allied to property and the available equity in that property. Equity is the difference between the value of a property and the outstanding mortgage. if a house is worth £200,000 and the mortgagea is £120,000, the equity available is 80,000. If on the other hand a home has a value of 200,000 and the outstanding balance is the same there is no equity at all. Preoperty has always been regarded as a solid investment with property prices doubling on average every seven years or so.This meant that prior to the recession if a homeowner had lived at his address for only a few years he woul have sufficient equity to obtain a secured loan or a <a href="http://www.championfinance.com/remortgages.htm">remortgage</a>. The fall in house prices during the recession put paid to the healthy demand for and approval of secured loans and remortgtages as many homeowners no longer had sufficient equity to either remortgage for a better interest rate or to raise additional funds for a number of purposes. Secured loans, like remortgages can be used for a number of purposes such as funding home improvements, paying for a holiday, a wedding, etc. Secured loans and remortgages were commonly used as <a href="http://www.championfinance.com">debt consolidation loans</a>. All this looks all set to revive with the rise in property prices
- secured loans
- debt consolidation
- homeowner loans
Champion Finance have been arranging secured loans since 1985. They also provide whole of the market remortgages and mortgages in addition to offering debt advice, debt help, debt consolidation and all debt solutions.