Secured loans are most common when the requirement is to borrow a large sum of money over a long period of time. Depending on requirements, remortgages and homeowner loans tend to suit different situations. Loans and mortgages can be substantial financial commitments to make, so it is extremely important that you secure the right plan and one that works for you. Homeowner loans operate under the same principle as remortgages, but are slightly different in that they are actually separate from the mortgage. Secured loans, also known as homeowner loans are ideal for debt consolidation or large loan amounts.

Remortgages with more competitive rates may make financial sense if you are you paying huge amount of debt for your private loans or credit card bills. Homeowner loans operate under the same principle as remortgages, but are slightly different in that they are actually separate from the mortgage. It is important that you understand the terminology used by financial lenders, especially when it is a large financial commitment.

Promise gets 350 leads from free guide

Promise Solutions says it received over 350 requests from brokers following the launch of its free guide “Tips on creating more loan and remortgage enquiries”.

Mortgage rates rise as Bank Rate stays on hold

We examine at the latest mortgage deals on the markets and see if they come up to scratch.

Little cheer for mortgage market

The housing market continues to show little sign of improvement, according to the latest statistics from the Bank of England.

BoE mortgage lending remains stagnant

Just 52,854 mortgage loans were agreed in principle for home buyers in November 2011 an increase of 68 from October, figures from the Bank of England revealed.