Hello Everybody

Does anybody to now know good site for Home loan just give me?

thanks
kayl

I also want to know about home loan.

if you mean a loan secured on your property i took out this sort of loan last month through foundations. visit their website foundations-loans all their contact details are on there and it will tell you everything you need to know.

lizzie

Please can you expand on this, I'm not sure what you mean, otherwise I might be able to help you out.

Securing a loan on your property should be used as a very last option. If you look at the market, in some instances, secured loan rates are higher than unsecured loans. The reason that secured loans appear cheaper is because instead of 7/8 years, you are going to pay it back over a longer period (thus paying huge amount of interest).
If you are borrowing more than £25000 or if there are other reasons that wont allow a high street lender to give you an secured loan, do your research before you jump in. Secured loans are not regulated, so if you get bad advice you will be stuck with an unsuitable loan for 15 or 20 years.

Mick

i think icici is the best company for your home loan regarding because its interest rates are lower as comparison to the other companies.

Secured loans are regulated. A few months ago only loans under 25k where regulated. Now all loans regardless of size are regulated by the OFT and come under the CCAof 1974.

MK is correct in the fact that you need to be careful and mindful of the negatives to a secured loan. However there are many positives too. Also gone are the "large" penalties that lenders used to charge to redeem a loan early. The max they can charge you now is 1mths of interest on the outstanding balance at anytime during the loan term.

Secured loans do come into their own when you have either had previous credit problems have too much credit. A low credit score due to time in job time in property. No voters role history,type of job/income etc.

Personnel loans are great for small amounts and shorter years however please be careful with redemptions here too as some companies add the interest day one which may cost you more to clear within the first 6mths.

Its a bit of a mine field all in all. If you don't mind me asking how much is your property worth?
how much is outstanding on your mortgage?
and how much are you looking for?

Please PM me with these details and I will let you know if you would be eligible for a secured loan in the current climate.

I hope this helps

I also agree and think that icici is the best company for your home loan.

Here's some useful tips on home loans!

Tip #1 – Excellent Credit – The first thing you need to do before trying to purchase a home is to insure that you have excellent credit. If your credit is less than excellent, do not despair but work as hard as you can to improve it before attempting to purchase a home.

Tip #2 – Do Not Stretch Your Finances – A home mortgage lender will only lend money to you if they believe that you have the money to make your payments plus the money to keep up your property as well. Make sure that you are not stretched too thin each month, or you will not be able to obtain a favorable mortgage.

Tip #3 – Wait to Purchase That Car – If you are in the market for a new home and a vehicle, you should get the mortgage process completely out of the way before you even consider applying for vehicle financing.

Tip #4 – Get Pre-Approved Before Home Shopping – It is always a good idea to meet with a mortgage broker before you begin looking for a new home. A mortgage broker can lead you through the process of getting you pre-approved for a mortgage. This allows you to know how much of a mortgage you can afford, and it allows you a positive position in any negotiations over a piece of property.

Tip #5 – Aim Low – Mortgage brokers have a tendency to pre-approve you for more of a mortgage than most people feel comfortable with. For this reason you will want to look for homes with a lower sales price than the mortgage you were approved for.