Before the recession started the secured loans industry was very busy and many homeowners took out a secured loan as the underwriting was very slack Before the credit crunch there were a number of different secured loan lenders all looking for business and actively seeking to expand, but the secured loans market has seen big changes in the industry with many lenders with drawing products and many other lenders withdrawing from the market completly

Since the start of the recession the enquiries for people looking for debt advice has increased dramatically with many seeking urgent debt help Many people have lost their job in the recesion and many more are having to accept pay cuts and the money that they once had before the credit crunch does not look at paying their outstanding debt

By owning your property and looking to raise finance can be a confusing time as to where you are going to get the best deal for your circumstances When you are a homeowner the cheapest way to borrow money is by taking out a remortgage on your property

Secured loans are available to all homeowners who have equity in their property Equity is the difference between your mortgage balance and your property valuation

A secured loan as the name suggests is a form of loan for which only homeowners are eligible You can use your privileged position as a property owner to obtain a good rate of interest

Secured loans are loans that are only available to homeowners To be eligible for a secured loan you have to have equity in your property

Remortgages and homeowner loans are both only available to homeowners as both require to be secured on an asset and in the case of remortgages and homeowner loans this asset is a residential property A remortgages is when a homeowner wants to move his mortgage from one mortgage lender to another

A mortgage is a home loan that an individual requires if he wants to buy a property whether it is a mortgage to buy a first property or a subsequent mortgage to move house The majority of people in the UK require a mortgage at least once in a lifetime, but with the average homeowner moving house every few years the vast majority of people have several mortgages in the course of their lifetime and as a mortgage is the biggest financial commitment that anyone can undertake the choice of the correct mortgage is of paramount importance

Remortgages and mortgages are both types of home loans as both must be secured on the equity of a property Equity is the difference between the value of a property and the balance of the mortgage secured on it