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Mortgages, Remortgages And Secured Loans Are Improving.

By Robert Forrest

Mortgages, remortgages and secured loans, otherwise homeowner loans, have been struggling to survive over the past few years, with home loan products being suddenly, for example, being introduced to be withdrawn just as quickly.

This all makes sense, when you think about it, as these three products are all involved in a close way to property which was virtually brought to its knees over the period of the past three years.

It has always been thought that property is a wise way to invest, as no one normally loses in the property market, as prices in general go up in a steady fashion to double their worth every seven years or so.

It is indeed a fact that the richest people in the globe have made their riches by property investment.

The recession changed all this, and mortgages , remortgages and secured loans fell, as did the value of property on which all three depend.

A mortgage is the means where by almost everyone buys a home, as cash buyers are far from being the norm, as very few can afford this amount of money, and as a result they require a mortgage.

With the economic conditions causing property values to plummet, mortgage enquiries and approvals fell, as no one was interested in a property that was going down in value.

Homeowners, in the past, often changed mortgage providers when their deal finishes to obtain a lower rate of interest, but with the fall in property prices, lower rates were no longer available , and remortgage lending went down Often remortgages are used as debt consolidation loans .

Added to this the less lax underwriting and equity caused these home loans to flounder even more.

Secured loans, that are also called homeowner loans, need the value of a property just as remortgages do, and as they fell, so too did secured loan applications.

Equity margins tightened, as did criteria in general, making it even more difficult for people to obtain any of these home loans.

Now that property prices are once again going up, allied to a slackening off in underwriting, the future for mortgages, remortgages and secured loans look brighter.

Want to find out more about secured loans, then visit Champion Finance’s site on how to choose the best debt advice for your needs.

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Article Citation
MLA Style Citation:
Forrest, Robert "Mortgages, Remortgages And Secured Loans Are Improving.." Mortgages, Remortgages And Secured Loans Are Improving.. 21 Jun. 2010. 29 Dec 2014 <>.

APA Style Citation:
Forrest, R (2010, June 21). Mortgages, Remortgages And Secured Loans Are Improving.. Retrieved December 29, 2014, from

Chicago Style Citation:
Forrest, Robert "Mortgages, Remortgages And Secured Loans Are Improving."

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