Personal Loans Blog » Home Equity Loan

Home Equity Loans?

Louise — Sun, 17 Jan 2010 11:26:38 +0000

Equity loans are easy to organise, cost effective and can consolidate all your other debts. Definitely a loan to conside if you can mange your finances correctly.

Home Equity Loans: A Little Tip To Minimise Your Taxes

Louise — Sat, 09 Jan 2010 08:59:55 +0000

Unless you own your own business, there’s really not a lot you can do to minimize your taxes. Take out a home equity loan. (The interest is tax deductible.) Use it to pay off your credit card balances and consumer loans.

Borrowing for home improvement rockets

admin — Sun, 15 Feb 2009 09:40:59 +0000

Sainsbury’s report a massive 53% increase in unsecured loans during 2008 (over 2007) and around 1.1 million of these loans were taken to partly or wholly fund home improvements.
Steven Baillie, head of loans at Sainsbury’s, said: “It is well-documented that the housing market struggled last year and our figures might suggest that people have decided to stay put and make the most of their existing homes.
“It may also suggest however that they’re trying to add value to their current homes in order to get a better price for them when the property market recovers.”
In all, Sainsbury’s extended £11.3 billion in personal loans for home improvement purposes last year.

On the Street where you (probably) don’t live

admin — Sun, 21 Dec 2008 19:28:00 +0000

The Times Online has published the 10 most expensive streets in England and Wales. Whilst most of us might be struggling to get a mortgage, worrying about negative equity or our creditworthiness for a personal loan, it’s unlikely that residents in these streets will have such worries:-
NORTH: Runnymede Road, Newcastle Upon Tyne. Average price: £1,135,625 (Alan Shearer and Kieron Dyer have lived here)
YORKSHIRE & THE HUMBER: Kent Road, Harrogate. Average Price: £1,173,373 (Attracts wealthy families as well as premiership footballers. Buyers will wait years for the right house on this road to come up for sale)
NORTH WEST: Congleton Road, Alderley Edge. Average price: £1,684,166 ( Home to Cristiano Ronaldo and Peter Crouch, it is the haunt of many premiership football players, pop stars and Coronation Street actors)
EAST MIDLANDS: Beeston Fields Drive, Nottingham. Average price: £972,214 (Owners tend to be entrepreneurs, sport agents and CEOs. Jane Torvill, the ice skater, bought a house here after winning her Olympic gold medal).
WEST MIDLANDS: Wellington Road, Birmingham. Average price: £945,500
EAST ANGLIA: Brooklands Avenue, Cambridge. Average price: £940,714
SOUTH WEST: Panorama Road, Poole. Average price: £4,158,333 (This is a road of two halves – on one side lie mansions with a harbour view, whilst the other side has smaller houses and apartments with no view. Harry Redknapp, manager of Tottenham Hotspur football club, has lived here.)
SOUTH EAST: East Road, Weybridge. Average price: £2,805,000 (John Lennon, Cliff Richard and Tom Jones have all lived here, and it has its own tennis and golf club.)
GREATER LONDON: The Vale, Kensington and Chelsea. Average price: £4,677,500
WALES: Llantrithyd Road, Vale of Glamorgan. Average price: £752,083

Why Choose a Home Equity Loan?

admin — Thu, 10 Jul 2008 11:37:40 +0000

In times of financial shortfalls, such as many of us currently find ourselves, a home equity loan can be a smart step to take.
A home equity loan allows you to release some of the equity locked into your house to fund home improvements or repairs etc. This can protect the investment you have already made in your home as well as adding value to it.