Loan Basics

Written by Paul Heath


Continued from page 1

Unsecured loans arerepparttar opposite. They require no collateral. As mentioned previously, credit cards are a form unsecured loans. Many banks offer small signature loans. These are usually loans of between $500 and $3,000. Most unsecured debt comes in smaller amounts. This is because if you stop making payments,repparttar 111701 lender loses what you have been lent. They can turn you over to collections, and can call demanding payment, but, ultimately, if you have no money and cannot pay,repparttar 111702 lender loses out. However,repparttar 111703 cost to you is also great. Your credit is effectively destroyed, making it next to impossible for you to get a mortgage inrepparttar 111704 future. It can even hamper your chances of receiving approval for an auto loan or a credit card.

Any loans you take out, whether they are secured or unsecured, are reflected in your credit report. It is important to establish a pattern of responsibility fulfilling your obligations in full, and in a timely manner.

You may freely redistribute this article on your website providing no alterations are made torepparttar 111705 text andrepparttar 111706 links remains intact.



This article is courtesy of http://www.4a-loan.co.uk For loans & finance please visit us http://www.4a-loan.co.uk


Higher earners enjoy modest house price gains reports Moneynet

Written by Moneynet


Continued from page 1

AVERAGE MORTGAGE AMOUNTS •Overall average mortgage amount required was £136,604, a 67% loan to value (LTV) •FTBs were looking for an average mortgage amount of £130,518, a 67% LTV •Those users seeking to re-mortgage their property required an average mortgage amount of £155,801, a 63% LTV

SALARIES •The overall average salary ofrepparttar main income earner was £38,818 •An average FTB's salary was £36,090 •Those users looking to re-mortgage had a main income of £44,292 •For two income households,repparttar 111700 second salary averaged out at £23,199 for FTBs; £25,670 for users looking to re-mortgage.

Ends

* The following information is based on mortgage product search criteria provided by 5,400 randomly selected visitors torepparttar 111701 Moneynet site forrepparttar 111702 period 01.03.05 – 31.03.05

APV = Average Property Value AMA = Average Mortgage Amount ALV = Average Loan to Value

OVERALL Mar05 APV=£205,518 AMA=£136,604 ALV=67% Mar04 APV=£197,723 AMA=£127,714 ALV=65% Mar03 APV=£192,445 AMA=£121,476 ALV=63%

FIRST TIME BUYERS Mar05 APV=£195,282 AMA=£130,518 ALV=67% Mar04 APV=£172,475 AMA=£129,072 ALV=75% Mar03 APV=£161,700 AMA=£118,301 ALV=73% BUY TO LET Mar05 APV=£171,049 AMA=£125,499 ALV=73% Mar04 APV=£172,475 AMA=£117,072 ALV=73% Mar03 APV=£158,818 AMA=£115,682 ALV=73%

REMORTGAGE Mar05 APV=£249,322 AMA=£155,801 ALV=63% Mar04 APV=£226,504 AMA=£110,625 ALV=49% Mar03 APV=£223,956 AMA=£109,755 ALV=49%

Moneynet was the first UK web site to publish a comprehensive, independent and impartial overview of the products available in the personal finance sector. E-mail: INFO@MONEYNET.CO.UK Telephone: 020 8313 9030 Fax: 020 8464 1971 Website: http://www.moneynet.co.uk ADDRESS: Moneynet Sussex House 8-10 Homesdale Road Bromley Kent BR2 9LZ


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