Secured Loans, Self Employed

If you are self employed and you want to buy a new car or perhaps go on a dream holiday or other such expensive item you may find it hard to get a secured loan. These are secured on your house and if you do not own your own home getting further finance may be tricky.

You may not know it but there are self cert mortgages out there tailored specifically for your needs. Ordinary lenders may be worried about mortgage arrears and bad credit. But some specialise in supplying the self employed. This is a growth area on the housing market and you should certainly shop around to find the best deal.

A self cert mortgage will be delivered based upon your expected income from the following year. Get independent financial advise on how to work out how much you can afford. A secured loan for the self employed can also be found. Interest rates do vary so look around to see what is available in your area. Many firms now use the internet extensively.

Do not over estimate your potential income other wise you will find yourself in mortgage arrears and with a serious bad credit rating. This will affect your future prospects for credit lending. The stigma can follow you for years so try to avoid mortgage arrears and you should be able to steer well clear of bad credit. Self cert mortgages and secured loans depend upon you putting up your house as security. This means the risk to the lender is negated by the assurance that they can get their money back either through repayments, or if the circumstance have dictated, by the repossession of your home.

Make sure you are buying a house or obtaining a loan that you can afford over the lifetime of the agreement. Nothing is very certain in this world so do your best to have savings and policies for any unforeseen eventuality that will prevent you making regular payments. Keep a tight reign on your expenditure and you should be able to enjoy financial freedom for years to come.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

SOLVING YOUR MORTGAGE PROBLEM SIMPLY

ABBEY FINANCE

0845-4567-847

Just click here to fill out our simple on line Mortgage Enquiry Form, it will only take a few moments.

enquiries@abbeyfinance.biz

Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE