If you are considering buying a car there are numerous ways of obtaining finance to make your purchase. You can sometimes obtain a loan arranged through the car dealership.This can be quite expensive at present, unless the dealership has a special loan offer on the make of car you want to buy. A secured homeowner loan could be a good alternative. With a secured homeowner loan you will have ready cash available to negotiate the best deal, and it means that you can buy your car from a private individual which will save you money.
This kind of loan has a very good rate of interest, much lower than that of most credit cards for example. A credit card used to buy a car is not really advisable unless you intend paying off the balance in a few months. It takes about three weeks from applying for your secured homeowner loan to receiving the funds. This is because you must be given an at least eight day cooling off period between receiving your copy credit agreement to receiving your credit agreement to sign.
For your loan you also have to sign a Legal Charge in England and in Scotland you must sign a Standard Security for your loan. It is also a very good way to pay for home improvements. As with the car purchase, it gives you ready cash to negotiate the best deal. If you want to buy a new kitchen you can arrange a loan through the home improvement company, but the interest rate can often be high, much higher than the rate of a secured homeowner loan.
I have seen rates of over 25% APR advertised by home improvement companies. This would make the cost of your home improvements very expensive. The secured homeowner loan rates at present start at about 8% APR making it a very attractive means of borrowing. You can use your loan for many other purposes,including holidays, weddings, etc. Arranging a secured loan is an excellent way to cut down your monthly outgoings on credit cards, loans, hire purchase,etc.
Instead of paying out a fortune every month you can arrange consolidation and have only one low interest monthly payment. If you have numerous financial outgoings monthly a secured homeowner loan used for consolidation should save you hundreds of pounds. I have known homeowners who have saved over £1,000 every month by taking out a secured homeowner loan. These are only some suggestions of what you can do with a secured homeowner loan, and of course there are many others.
Weddings nowadays cost £20,000 or even more. Most people do not have that sum of money available or even if they do have, they may very well prefer to borrow the money, as per the old saying that a pound can be your best friend.
There are many expenses incurred when arranging a wedding. Even the wedding cake baked by a specialist baker costs hundreds of pounds or if very elaborate thousands of pounds.
The wedding meal is very costly. Even at a very average type of reception the starting price per head for dinner is over £40.Therefore if you have two hundred guests that is a cool £8,000. Then there is the matter of the toast. If you have champagne as most people do Moet et Chandon will cost at least £40-£50 per bottle in a hotel with Dom Perignan costing well over double that. However, many people judge it worth it on the most important day of there life, and hopefully you will only be doing it once.
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