| At last the weather has gotten better after one | | | | All this costs money and if the garden |
| of the coldest winters ever. There was even | | | | improvements are carried out there will be no |
| snow this March. | | | | holiday and visa versa. For homeowners there is a |
| Now that Spring actually has at last sprung, people | | | | very good way of making sure that both the |
| are thinking about and looking forward to | | | | holiday and the home improvements can both be |
| Summer and the nice sunny weather. It is at | | | | achieved. |
| about this tine of year that serious planning of | | | | Secured loans and remortgages are the best |
| Summer holidays occurs, and families spent many | | | | ways of raising funds for all these things. |
| an evening looking at glossy holiday brochures | | | | Remortgages and homeowner loans, or secured |
| featuring luxury cruises and far flung romantic | | | | loans as they are also called, are only available to |
| looking exotic locations. | | | | homeowners as they are secured on the equity |
| There are a number of holidays that look very | | | | of a property and as such they have very good |
| appealing but that are also possibly a little too | | | | interest rates of from 1.84% and 9% |
| expensive for their bank balance. | | | | respectively making them affordable to most |
| They wonder if they can afford a better holiday | | | | people. |
| this year than the usual one to a self catering | | | | The 125% LTV secured loan was abolished at the |
| apartment in Spain, especially as it is their twenty | | | | start of the recession, and now there must be |
| fifth wedding anniversary in July, and a special | | | | equity to obtain a secured homeowner loan. |
| holiday would be very much appreciated. | | | | The maximum loan to value for secured |
| However, they wonder if a quality holiday is | | | | homeowner loans is 80% for employed applicants |
| affordable as there is so much needed to be | | | | and 70% for self employed. |
| done to the inside and the outside of their | | | | This means that if a property is worth £250,000 |
| property to better enjoy the really good weather | | | | and the loan required is £30,000, the maximum |
| when it finally arrives. | | | | mortgage balance for an employed applicant |
| The garden furniture looks pretty shabby, the | | | | would be £170,000 and for the self employed it |
| ponds are leaking and the electric pumps that | | | | would be £145,000. |
| drive the fountains are broken. | | | | It is possible to obtain a remortgage at 90% LTV |
| In addition, the garden shed needs replacing and | | | | although most lenders limit the loan to value to |
| the patio requires to be partially renewed due to | | | | 85%. Remortgages and secured loans are very |
| broken sections. It would also make the Summer | | | | cheap ways of raising funds for holidays, home |
| much more enjoyable if they had one of those | | | | improvements, etc.and they can help |
| giant Italian style barbecues that double as a pizza | | | | homeowners realize their dreams. |
| oven. | | | | |