But truth of matter is that offshore world is accessible to everyone!

Placing money or assets offshore is a legal and often worthwhile undertaking and it is something that anyone living in, for example, UK, Europe, Canada, Australia or America can do easily and with potentially great effect.

Before I continue it is imperative to point out that suitability of entering offshore world for saving, banking, asset protection or any other reason can only be determined on a case by case basis. While ‘going offshore’ might be most effective way for one person to operate, it might be totally unsuitable for next person because of their personal circumstances. It is essential that anyone considering going offshore seeks advice of a professional financial adviser. This article does not constitute advice.

The potential benefits of saving money offshore, investing offshore or placing assets offshore are manifold, here are just 7 ways that you might be able to take advantage of all that’s on offer…

Secured loans can be a sensible way to borrow for certain expensive items, such as home improvements or debt consolidation.

This type of loan is usually provided with a lower interest rate than an unsecured loan because you will have secured your property against it. They are normally quicker to arrange because lender has some security to offset against loan should you default on repayments.

A secured loan enables homeowners to borrow capital and offset risk against value of their property. This means that anyone taking out a secured loan is effectively using their property to guarantee loan. If borrower fails with repayments, there could be a possibility their home is at risk.

Because loan is secured against your home, interest rate should be cheaper than an unsecured loan and you may be able to borrow more. One of major benefits of a secured loan is that interest rate charged by lender tends to be significantly lower than that of an unsecured loan.