During the present economic climate many UK citizens consider that bad credit loans have ceased to be.

It makes sense that many think this, as bad credit loans, bad credit mortgages and bad credit remortgages precipitated the credit crunch. Underwriting in the homeowner loan industry in general caused much of the financial crisis that most of the civilised world has experienced in the course of the last two odd years.

All through history it has been impossible for non homeowners to be accepted for a bad credit loan. Even tenants with great credit ratings find it difficult to obtain a loan now. Lenders really want some sort of security when they grant a loan.

Homeowners are in a better situation, and in fact until the advent of the credit crunch bad credit loans were quite readily available from a good range of secured bad credit loan lenders. Even homeowners with the most awful credit rating could get a bad credit loan up to a maximum LTV of 75%

Bad credit secured loans are not so easy to obtain now as they were then, but so saying there is some availability even now.

There are still bad credit loan lenders who advance bad credit loans up to a maximum LTV of 60% to 70% but these bad credit loans are for light adverse.

There are two secured loan lenders who still advance bad credit secured loans to individuals with unlimited bad credit points. These lenders are Blemain Finance and First European Securities. These bad credit secured loan borrowers can have unlimited defaults, etc.

These bad credit secured loans have a maximum limit of 23,000 and a maximum LTV of 50% of the value of the property being given as security.

These bad credit loans are still available in a restricted way, and they can be a great help to homeowners at a time when they most need help by means of additional funds.

Want to find out more about bad credit loans then visit Drips Lizzy’s site on how to choose the best bad credit loanfor your needs.

Mortgages and remortgages along with secured loans are all types of loans that are secured on property. Therefore these financial products are only available to those who own their own home, and are not in rented property..

A remortgage, as the prefix clearly states, is the redoing of something and in the case of a remortgage it is the rearranging of a current mortgage.

A remortgage is a new mortgage that replaces a current mortgage.

Remortgages and mortgages are based on the equity of a property , and equity is the difference between the value of a property and the mortgage balance. This means that if a property is worth 300,000 and the mortgage balance or the required remortgage is 150,000 the available equity is 150,000.

Before the credit crunch many mortgage and remortgage lenders were only too happy to grant their products at up to 100% LTV. While the Northern Rock had 125% remortgage and mortgage plans.

This said, some people may have heard that the Nationwide are offering 125% mortgages, and this is correct in a restricted way. This 125% mortgage is only available to existing customers who are trapped in negative equity due to the recession and they want or even require to move house perhaps through job relocation for example.

If they need a mortgage to move to another house the Nationwide are willing to grant them 125% of the property value to assist them.

There are still a few building societies granting mortgages and remortgages at 90% and very very occasionally 95% LTV, which would mean that if a property is valued at 200,000 on a 90% plan the maximum mortgage or remortgage would be’0,000.

Equity is really king at present and the better the LTV is the cheaper the remortgage rate is.If a homeowner has a 40% deposit mortgages and remortgages are available at under 2% which is the lowest ever rate.

Self certifications of income when applying for a mortgage or remortgage are theoretically still available fom a couple of mortgage lenders, including Platform, but at the end of the day these mortgage lenders can still ask for back up proof of self employed earnings by means of an accountant’s certificate or even full accounts.

Before the recession many mortgage lenders accepted self certifications of income, and this is in fact caused much of the financial woes, as sub prime mortgages were advanced to those who in reality could never afford to make the repayments.

Remortgage and mortgage criteria have very much tightened up and this could do with being relaxed a little.

Learn more about rmortgages then vist Champion Finance’s site to ascertain the best choice of remortgage for your needs.

All of us have a particular thing that we do best.

We are all different in our own special way. We can all succeed to a greater or lesser extent at something. Not every painter becomes a Van Gough. Not every little boy kicking a football about in his local park becomes another George Best.

There are times in life when we need to use the service of another person and these are times when we need the special skill that they possess. If we have a fever not so serious that we need a doctor we ask a chemist for advice and buy the medication that he recommends.If we want to learn to play a musical instrument we take lessons from a musician who is not only good at playing the instrument, but is good at teaching his own special skill to others.

It would never even occur to us to do all these things for ourselves.

When it comes to all the examples in the previous paragraphs we seek help from the experts, and yet when it comes to such an important event as taking out either a first or subsequent mortgage we seem to think that we can arrange it ourselves.

Similarly when a homeowner decides that they want a remortgage either to change from their current mortgage lender to obtain a better interest rate or to raise additional funds for a vast array of purposes whether the additional funds are needed to buy a car, to do homeimprovements or even to use the remortgage as a debt consolidation loan which rolls all their other debts into one saving money each month and makes their finances easier to handle the majority of homeowners arrange the remortgage themselves.

It is funny that when we want a golf lesson we go to a golf pro as he is the expert in golf when commonly we do not obtain the expertise of a mortgage broker to arrange a remortgage or mortgage for us.

A mortgage broker knows everything about remortgages and mortgages, and will have access to all mortgage rates to offer you a vast number of mortgage options from which you can make your informed choice.

Many people simply only go to their own bank to get a new mortgage or remortgage, and very seriously limiting ther choice of remortgage or mortgage products.

A mortgage broker is the best person to arrange your mortgage or remortgage and you can find these finance experts online or in the newspapers.

Looking to find the best deal on remortgages to find the best information on mortgages for you.