In personal financial planning terms, deciding which is the best unsecured personal loan or secured homeowner loan is a very important decision. All loans should be repaid as soon as possible as they become expensive over the longer term.
A Loan Broker can talk you through your financial situation and advise you on your various options. If you are a homeowner with equity in your property, you may be able to borrow cheaply or refinance expensive debts by taking out a secured homeowner loan.
We always recommend that you seek independent financial advice, which is available where you see the blue IFA pound sign logo. Arrange a meeting with an adviser who will be pleased to tell you about what's most likely to suit you and the best loan and mortage offers in the market.
A loan broker is a regulated adviser under the Consumer Credit Act. If advising on mortgages he or she should have one of the following qualifications: Certificate in Mortgage Advice or Certificate in Mortgage Advice and Practice (CeMAP). Ask what qualifications he or she has.
The Association of Independent Financial Advisers (AIFA) is the trade association for professional advisers and includes the Association of Finance Brokers (AFB) which acts for secured loan brokers.
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