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Secured
Loans If you are at present within an incentive period on your current mortgage such as a fixed rate, then you may face large redemption charges to remortgage to raise any equity. Alternatively you may be on a low tracker rate or SVR which would be inadvisable to remortgage away from at this point in time. You may have tried to obtain a further advance from your existing lender, but due to changes in criteria or tightening of credit lines they may at present prevent you from doing this. A secured loan may be the most suitable option in these circumstances, while there is also the possibility the loan could be cheaper with no up-front costs. Secured loans are often quicker to arrange than remortgages, often arranged in as little as 24 hours, and can often have more flexible criteria than remortgages. This flexibility may be of use if your credit rating has become impaired and is restricting lending from certain lenders. Loans can start at £5000 and can be over a term of 5 to 30 years and your first mortgage remains unaffected. If
this is a solution that may sound viable for yourself please do not
hesitate to contact us to discuss your circumstances and the possible
options available to you. .
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Clifton
Mortgage Solutions Ltd is an Appointed Representative of Financial Ltd
(FSA Number 188153), which is Authorised and Regulated by the Financial
Services Authority.
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