Aug. 2, 2009 -
PRLog -- The trouble with this credit crunch is that it has lead almost the whole of the UK population to believe that there simply are no funds available for borrowing purposes. Borrowing and lending is the absolute essential foundation for a heathy thriving economy. In fact the opposite of our present economy.This belief that there are no funds available has caused the complete stagnation of the housing market with building firms going into recievership at a rate never previously seen, major lenders have withdrawn from the market, and the secured loan brokers who are still in existence are clinging on to what remains of their businesses that their knuckles are white with the strain of holding on. If only people realized that there are loans for all purposes still available the situation throughout the UK would improve dramatically Even those with a good credit rating but who nevertheless could do with taking out, for example, a consolidation loan to consolidate their outgoings and save money monthly are not making applications for finance.Many young couples are putting their wedding plans on hold due to the fact that they think they will not be granted a loan to help finance their dream wedding, and also because they do not realize that a mortgage to purchase their first home together is also available. In fact RBS has only announced in the last few days that 90% LTV mortgages are available again to first time buyers. If this is what those with a good credit rating are thinking, what about those with bad credit?. Again contrary to what many people believe bad credit loans, and bad credit remortgages are also available in the marketplace. The oldest UK secured loan lender which for the last seven years has been renamed as Prestige Finance is granting bad credit loans for both employed and self employed applicants. At 60% LTV for employed and 55% LTV for self employed you can obtain a loan of between £5,000-£30,000 with up to four months mortgage arrears, although if the four months are consecutive Prestige have to be asked to give prior approval.. At 50% LTV they grant you a bad credit loan even if you have limitless adverse credit points. Self employed applicants can self certify their income on both these plans, but if they have more than four months mortgage arrears they must provide an accountant's certificate.If you oprefer a bad credit remortgage, the good news is that these are also available on pretty much the same criteria as the bad credit loan.Therefore whatever type of secure loan would help you through the credit crunch rest assured that there is availabilty of both.
http://www.championfinance.com# # #
Champion Finance arrange homeowner loans for all purposes, all circumstances and all credit ratings. Whole of market mortgages and remortgages available from all lenders, eg. Abbey, C&G, Woolwich, RBS, Halifax, Northern Rock, etc. etc.Debt Management, Trust Deeds, IVA's arranged.
http://www.championfinance.com
