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Secured Loans: Easy To Get, Affordable Loans

Did you ever think why lenders ask for your home as a security against the loan amount? Well, your home is the most beautiful and valuable possession that you have. Obviously, you would not risk losing your home by failing to repay the instalments due to the lender. By pledging your home with the lender, you make the lender feel safe and assured.
The UK lending market has a number of lenders who compete with each other in order to get the maximum share of the market. This competition augurs well for the borrowers as they get a lot of offers and attractive loan plans from the lenders. The lenders offer different loan plans according to your individual circumstances. Tenants can take out those loan plans that do not call for any security. If you are a homeowner, you get many privileges by pledging your home. Similarly, if you are a defaulter or if any County court judgement has been passed against you, you can seek bad credit secured loans from the lenders.
Secured Loans are the most affordable loans available in the market. With interest rates starting from as low as 6.5 per cent, these loans have a mass following. You can borrow up to •£250,000. This loan can be repaid in instalments spread over a period of up to 25 years. Brits find these loans very helpful in consolidating their credit card and store card debts and in making their homes a better place to live in. A recent research conducted in May 2007 shows that a loft conversion could increase the value of your home by an average of 22,300 pounds. Similarly, a conservatory can add another 11,904 pounds on an average.
Today's busy lifestyle does not allow borrowers to personally visit the lenders' premises. There is a remarkable presence of the lenders on the Internet. So, you can apply for online secured loans just by filling the application form given on the web site.
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