Raise Capital
Raise Capital
Capital raising is one of the major reasons people apply for a secured loan. Unlike a mortgage, a secured loan is quick and simple to arrange, and generally can be used for any legal purpose, including;
• Holidays
• Business use
• Debt consolidation
• To apy for a wedding
• A holiday
Basically whatever you require.
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A secured loan can be used to quickly fund the purchase of a property at an auction for example, which can be sold off or funded by a conventional mortgage at a later. More convenient time.
The amount of capital raising that can be done depends largely on the amount of equity in your property, for example a lender who will lend up to 90% of the value of a property would lend £45,000 on a £100,000 property with an existing mortgage of £50,000.
Remember with a secured loan there is no big redemption penalty, all you need to pay on repayment of the loan is 1 months interest.
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