Scott Nelson - Debt Expert
Posts by Scott Nelson:
Second Charge Mortgage for People with Bad Credit
Yes, it is possible to secure a second charge mortgage even with bad credit, given that certain criteria are met. Let me explain more about this possibility...
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Second Mortgage Tax Benefits – Complete Guide
As of April 2020, landlords are no longer able to claim mortgage interest payments as tax-deductible on buy-to-let properties. But, thanks to the Landlord Mortgage Interest Tax Relief initiative, there are still some tax benefits associated with having a second mortgage. Let me explain...
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Can a Second Mortgage Be Refinanced? Complete Guide
Yes, a second mortgage can indeed be refinanced, potentially offering you more favourable terms or access to greater home equity. Keep reading to explore the ins and outs of this process.
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Does A Secured Loan Affect Remortgaging? Full Guide
Yes, a secured loan can indeed impact your ability to remortgage, influenced by various factors. Let me explain...
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Home Equity Loan and Bankruptcy – What Happens Next?
When faced with bankruptcy, an existing home equity loan is not erased but the lender may enforce the sale of your home, or in case of a Chapter 13 bankruptcy, a repayment plan is usually put in place. Want to understand more? Dive in...
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Home Improvement Loan or Remortgage? Full Comparison & Tips
Financing your home improvements can be achieved through either a home improvement loan or by remortgaging your home. Let's delve into it...
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Debt Consolidation Loans for Poor Credit
Have you been searching for debt consolidation loans for bad credit direct lenders? If you want to consolidate but are worried that your credit score is holding you back, there may still be options to explore. I uncover some examples of bad credit debt consolidation loans – and some alternative options that could work for […]
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Secured Loan Application Process – Step by Step Guide
The secured loan application process involves meticulous calculation of borrowing needs, assessing the value of your collateral, and diligent documentation. Let me walk you through the process...
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Debt Consolidation Loan with No Credit Check
Obtaining a debt consolidation loan without a credit check is a daunting task, given that most lenders rely heavily on credit checks to assess the risk involved. Dive in to explore your options…
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Secured Loan Rates – What Are They? FAQs, Tips & More
Secured loan rates, often lower than their unsecured counterparts, are influenced by various factors like your credit score and the asset used as collateral. Let me explain in more detail…
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Mobile Home Equity Loan – Is It Possible?
Obtaining a mobile home equity loan in the UK is generally challenging due to the greater risk of property depreciation. Delve into this article to discover the details and potential alternatives.
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Home Equity Loan to Pay Off Debt – Complete Guide
Using a home equity loan to pay off your debt can be a smart and effective way to manage your existing financial commitments. Ready to find out how? Let's dive in...
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Secured Loan – How Much Can I Borrow? Tips & FAQs
Typically, secured loans are a good option if you want to borrow more than £25,000. But, how much you are able to borrow will depend on the lender you opt for, your income, any existing debts you have, and your credit rating. Let me walk you your options...
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Lowest Rates for Home Equity Loans – Complete Analysis
The lowest rates for home equity loans are typically around 2%, but this can vary depending on personal circumstances and credit scores. Read on to fully understand the complexities and save money on your loan!
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Debt Consolidation Grants – All You Need to Know & FAQs
Debt consolidation grants do not exist in the UK; instead, debt consolidation loans and other debt management programs are available options. Let's delve deeper into these alternatives.
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Home Renovation Mortgage – Complete Overview
A Home Renovation Mortgage is a specialised type of loan designed to aid in the purchase and immediate renovation of a property, whether it's a dilapidated structure or a simple fixer-upper. Stick around, you'll learn more than you expect...
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Home Equity Loan Pros and Cons
Are you considering a home equity loan but unsure about the advantages and disadvantages? Discover the pros and cons right here!
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When Can I Get a Home Equity Loan?
You can get a home equity loan as soon as you have accumulated sufficient equity in your property and meet the lender's financial and credit score criteria. Ready to dive deeper? Let's go...
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Can I Get a Secured Loan No Credit Check?
Yes, obtaining a secured loan generally requires a credit check, with very few exceptions. Let me walk you through your options!
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Secured Loan Example and Explanation – Full Guide
If you are considering getting a loan then you need to know the difference between a secured loan and an unsecured loan to know which is the right type for you. It's important to also know the risks involved with a secured loan and the different types that are available. Let me walk you through it...
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Debt Consolidation Loans with an Instant Decision
Debt consolidation loans with an instant decision provide an efficient solution to manage and streamline your debts into a single payment. Intrigued? Let's dive in...
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Bad Credit Secured Loans Instant Decision – Is It Possible?
Yes, it is possible to obtain a secured loan with bad credit and receive an instant decision, particularly with pawnbroker loans. Intrigued? Let's dive in...
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Can I Use a Home Equity Loan to Pay Off a Mortgage?
You can use a Home Equity Loan to pay off a mortgage. But, there are some extra costs associated with this method. Let me explain...
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Can I Get a Second Mortgage? Here Are The Rules
You can apply for a second mortgage as long as you are eligible. The rules will depend on whether you opt for a second charge mortgage or a residential mortgage. Let me explain...
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How to Get out Of a Secured Loan – Step-by-Step guide
There are a several different ways you can get out of a secured loan. For example, you could sell your asset, or consider a debt consolidation loan. Let me walk you through your options...
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Adding Home Improvement Loan to Mortgage – Problems and Pitfalls
Adding a home improvement loan to your mortgage is indeed possible, offering a potential solution for funding renovation projects. Stick around to uncover the ins and outs of this financial strategy...
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How Much can You Borrow on a Home Equity Loan?
Most Home Equity Loan provides allow you to borrow a maximum of 85% of your equity. However, this will vary depending on the lender and your personal circumstances. Let me walk you through your options...
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The best Secured Loan Direct Lenders
The best secured loan direct lenders tend to be UK banks, such as, but not limited to, HSBC, Santander, and Halifax. But, the most appropriate loan for you will depend on your personal finances and credit score. Let me walk you through your options...
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Can You Get a Home Equity Loan with No Mortgage?
It is possible to get a home equity loan with no mortgage if you are a homeowner. But, you will still need to be eligible according to a strict set of criteria. Let me explain...
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Second Charge Mortgage Calculator UK
A second charge mortgage allows you to borrow money against your home equity whilst leaving your first mortgage alone. If you're interested in taking out a second charge mortgage, you can use an online calculator to estimate your monthly repayments. To do so, you will need to know how much you want to borrow, your home equity, and how long you need to repay the loan. Let me illustrate...
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Loans for People on Benefits with No Upfront Fees
It is possible to get a loan with no upfront fees whilst you receive benefits. But, before applying for a loan, you need to make sure that you meet all of the eligibility criteria. If you don't, your credit score could be harmed. Let me walk you through your options...
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How to Release Equity for Home Improvements?
To release equity for home improvements, you could remortgage, use a home equity line of credit, or take out a secured loan. Let me walk you through your options...
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Debt Consolidation Loans with No Guarantor – Top Options
Most debt consolidation loan providers don't require a guarantor. But, if you have bad credit, your options will be very limited. Let me walk you through your options...
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Can a Secured Loan be Written Off? In-depth Guide & FAQs
Technically, a secured loan can be written off. However, it can only be written off by the lender, and it is unlikely that they will do so. Instead, you should consider another debt solution, such as debt consolidation. Let me walk you through your options...
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Second Charge Mortgage Buy-to-let – All You Need To Know
It is possible to take out a second charge mortgage on a buy-to-let property. But, calculating the affordability of this borrowing method is difficult because the amount that you can borrow heavily depends on your rental yield. Let me walk you through it...
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Home Equity Loan to Buy Car – Is It Possible?
Yes, it is indeed possible to use a home equity loan to purchase a car, utilizing your property's equity to finance the vehicle. Intrigued? Let's dive in…
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Secured Loans for Self Employed with No Accounts – Reviews
Secured loans for self-employed individuals with no accounts are indeed achievable, albeit with careful preparation and a strong understanding of the lender's requirements. Dive in to explore the landscape of such loans and arm yourself with the knowledge to succeed.
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Second Mortgage for Home Improvement? Allowed?
You are allowed to use a second charge mortgage for home improvement. But, it's not the only way to fund home improvements. For example, you could refinance your existing mortgage or take out a home improvement loan. Let me walk you through your options...
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Secured Loan Unencumbered Property – Is It Possible?
Yes, it is indeed possible to secure a loan against an unencumbered property, utilizing its full value as equity. Let's delve deeper into this topic...
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Second Mortgage Pros and Cons – Complete Analysis
A second mortgage offers potential benefits like access to substantial credit but carries risks including higher interest rates and the possible loss of your home. Let's delve into this...
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Family Equity Home Loan – Good Idea or Debt Trap?
A Family Equity Home Loan, a method of financial assistance from family members, can indeed be a beneficial route to homeownership, although it isn't without its potential pitfalls. Read on to find out more...
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