|Your mortgage is a big investment and you want to make sure you're getting the best deal. However, if interest rates rise, more of your monthly payment is taken up by your interest payment.|
125% Mortgages means you could borrow loans up to 125 per cent value of your house. Borrowing additional 25% equity gives you chance to pay off credit cards and many other debts. The reputation of this no equity mortgage continues to rise, as the demand for debt consolidation. Homeowners are able to pay off credit cards, installment loans, and unsecured loans. Consolidating your debts into one 125 mortgage payment can reduce your monthly expenses dramatically. You can choose how to use your additional money from 125 Mortgage.
125% Second mortgage loan is a equity release from your home and give you extra 25% of your house mortgage value as a unsecured loan. Remortgage for you for any purpose: whether you want the additional money to finance a new car, university or school fees, major home improvement work, or anything else. For whatever purpose you need the remortgage our team of advisers will help you so select the right mortgage from our range of lenders.
Remortgage loans are available to homeowners in UK. You have to be selective to select a mortgage company when you are getting a loan secured on your property.
2nd mortgage deals are more flexible than first time buyer offers. 1st time buyers in UK have different interest rates and mortgage insurance offers than 2nd mortgages.
As many of you already know, consumer debt is at an all-time high, and if you have credit card bills mounting each month it may be time to consider a 125% second mortgage. This 2nd loan, requires no equity, and the loans can even exceed the value of your home.
- Debt consolidation to 125%
- Home improvement financing
- Access cash without refinancing
When you are looking for a 125 Mortgage lender there is an important work to do :
Finding The Best Mortgage Lender
If you are talking to a Loan Officer or Mortgage Broker they will tell you the best Lender they are working in UK. But if you ask them again couple of years later they probably give you another Lender Option and saying that this one is the best. Best thing to do is to speak to a Portfoilo Lender and try to get from them the best lenders deal.
Try to find a good Loan Officer or Mortgage Broker, not the BANK or Mortgage lender. Those brokers has two jobs : be on your side to get the loan faster and the other side to provide quality mortgage loans.
Big Banks have their strict policy and would not be flexible in the loan agreement terms.Each type of lender has its own strengths and weaknesses. Excellence within every local office can be difference, depending on the loan officer, the support staff, and a variety of other factors.
Types of Mortgage Lenders: Mortgage Bankers, Mortgage Brokers, Wholesale Lenders, Portfolio Lenders, Direct Lenders.
Most homeowners considering 125 per cent home equity loans for many reasons; home improvements, debt consolidation, buying a car, education fees, major home improvements like additions, or paying large, unexpected bills.
125% Home equity loans most of the times are the better option because you have some tax and affordable lower percentage rate
If you have Bad Credit Record worst thing when you are trying to get 125% loan for your Home, but good news that you can get loans easily if you are a UK Homeowner. Mortgage companies accept to give you Remortgage even if you have CJJ or Defaults because your house is secured on it. 125% Bad Credit Mortgage Even if you have bad or adverse credit, county court judgments (ccj's) or mortgage arrears you can still qualify for 125% Loan.
In Most of the cases mortgage lenders tends to give you Bad Credit Mortgage We have many lenders on our panel offering a diverse range of plans. This enables us to arrange finance for people in some of the most difficult circumstances.