Lucky Finance Loan and Remortgage Articles
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With the recent sharp increase in property values your current home could be a pot of gold. Property prices have increase about 20% - 30% over the past year but according to economists this current boom will not continue or much longer despite recent changes in property taxes announced in the budget speech. Home Loan investments You could get a health profit by selling your home at this time while the property market is hot, but remember you'll need to spend about the same for a home of similar size and in a similar location. There is another way to access that pot of gold your house currently sits on. You can unlock the value of your property by staying right where you are. You, as a property owner, can have your property revalued and apply for a further advance on your home loan of up to 100 percent of the new value of the property. Advancements on your Home Loan So for example, your home was initially valued at R250 000 and your home loan at the time was R250 000 and your property has since be revalued to be worth R500 000 - you will be entitled an extra R250 000 on your home loan. It doesn't matter whether you want to use the equity in your home to make an investment or to splurge on consumer goods — banks generally lend subject to the normal credit criteria: whether you can afford the monthly repayments. |
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Whatever your circumstances as long as you are a UK resident and a homeowner Lucky Finance can help secure the Bad Credit Loan or Bad Credit Remortgage you need. Bad credit and CCJ's (County Court Judgements) or being self-employed is not a problem, for a quick response to your loan needs fill out our Personal Bad Credit Loan or Remortgage Application Form. A bad credit rating or bad credit history is not usually a problem.
