Thursday, December 17th, 2015
For many years, homeowners in the UK have struggled to find the best solution when looking to raise finance against their own home or perhaps an investment property they own. Without access to all the facts, many just live in hope that they have actually made the correct choice be it a remortgage or perhaps a secured loan instead.
Fortunately brokers like Caboodle Finance of Sutton Coldfield in Birmingham have been advising clients in this regard for a number of years, taking away the need for that client to crunch their own numbers so that any decision is based on solid financial data and of course professional advice.
As the secured loan market has evolved over the last few years the products and interest rates available have edged closer and closer to those available on a remortgage, making the decision on which path to take even more complicated.
The factors to be considered when making a decision are not just down to the interest rates on offer as consideration also has to be given to the term of the borrowing, any fees that may be involved and any future “tie-ins” or “early repayment penalties” that may be payable if the loan or mortgage is paid off early.
When assessing the individual circumstances and requirements of each customer, Caboodle Finance gives balanced consideration to both sets of these products in order to advise on the best course of action on a case by case basis.
In fact, whether secured loan or remortgage, the process can at first sight appear to be fairly complex, usually because of one or more influencing factors which include but are not limited to:
So finally, if you are looking for some great advice regarding secured loans or a remortgage, please speak to a professional broker.
At Caboodle Finance of Sutton Coldfield, Birmingham we are always ready and willing to help our clients review and assess their individual circumstances and requirements in order to deliver the best possible outcome for them based on those parameters. Just click HERE to contact us by email or call us today on 0121 308 9114 and we will be delighted to help you.
Caboodle Financial Services Ltd
Mere Green House
46-48 Mere Green Road
West Midlands B75 5BT
Telephone: 0121 308 9114