Self Cert Mortgage, Saving Up

If you have a mortgage regardless of whether it is a standard one or a self cert mortgage you may be eligible for a secured loan. It is unlikely that you will be able to get one if you currently have mortgage arrears or have a bad credit rating.

They can be used for almost any large purchase. This could be for a new car or a holiday or some sort of extension to your house or a conservatory for instance. The rate of interest is low because the loan is given on the proviso that the lender will be assigned the security if the loan defaults. This means if you can not keep up your payments to your secured loan then your house may be confiscated. This would also be the case if you fell behind with your payments to your standard or self cert mortgage and had been accumulating mortgage arrears.

You need to keep paying your debts regularly otherwise you will be surprised with a bad credit rating. This can stopper any further chances you had at grabbing credit at a decent interest rate. It is vitally important that you can ensure that all the priority debts, that is your self cert mortgage, secured loans and mortgage arrears are paid off promptly otherwise you will be given a bad credit rating and your creditors may demand you pay up otherwise they will demand your house as payment.

Before you take out a loan make sure that you can realistically afford. It is very nice to buy a new car or go on a fancy holiday or enlarge your house but if you can not keep up with the payments you will lose your security and your home. Take stock of what you have and how much you can afford. You could make up a budget plan taking in all your incomings, then take from that figure all your outgoings. The amount you have left you can spend on a new loan if you so wish it or you could save it up prudentially for a rainy day.

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