More loans in recent years' insurance has become an extremely popular way for UK borrowers to obtain credit. Analysts believe that by 2013 the UK secured loans market will be worth approximately £ 11 billion pounds. The main factors to explain this growth, which have already been addressed in this guide are: -
* The ability to borrow larger amounts for longer periods of time.
* The capacity of the source of a loan at a competitive price, regardless of your credit history.
However, there is another factor that also plays a vital role in the growth of this particular type of loan.
the housing market. The vast majority of applicants realize that secured loans provide the ideal vehicle to release the equity in your home, especially if market conditions were favorable. However, if economic factors were to have an adverse effect on home prices and equity levels to decrease as a result, it is very likely that the market for secured loans would slow if not even a drop.
* The ability to borrow larger amounts for longer periods of time.
* The capacity of the source of a loan at a competitive price, regardless of your credit history.
However, there is another factor that also plays a vital role in the growth of this particular type of loan.
the housing market. The vast majority of applicants realize that secured loans provide the ideal vehicle to release the equity in your home, especially if market conditions were favorable. However, if economic factors were to have an adverse effect on home prices and equity levels to decrease as a result, it is very likely that the market for secured loans would slow if not even a drop.