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29 August 2012

Quick Easy Approval of All Types of Loan in the UK

Home loans UK and Great Britain are available easily for all borrowers. If you have been staying in the UK and wish to purchase a home or renovate your home or for your children's higher education you can get all types of UK loans easily and quickly.
When you are dreaming for a home in the UK and have applied or are repaying  a home loan and you also need another loan for say home repairing, home renovation, unexpected issues,like your child's higher education you will have to consider applying for another loan. There are many  finance companies, private and Government approved that are willing to lend you money as loans.
Personal loans, business loans, consolidated loans and many more types of loans available for applying for a loan in the UK. There may be a wedding of a child, a home repair that needs urgent attention before the winter sets in, Unexpected expenses have a knack of coming up on wrong times, business losses , crises, sickness or vehicle repair may some times make you in need of large amounts of money. Paying a home loan EMI would be fixed and which would take away a part of your salary every month. There are many financial institutions who are willing to lend you ant types of loans in the UK. Many finance companies have made this process of application very easy as they have websites and any borrower can get any type of loan in UK with a quick glance online. Their websites have system support and guidance cells that help any types of customer to get information on loans UK. You can also use the online EMI calculator to get a thorough understanding of the repayment schedules and the amount you have to pay as EMI.
Do consider at what rate of interest the finance lending institution in UK is offering you a personal loan as this is always on a higher side. Though you can negotiate of the terms and conditions of repayment plans and increase loan repayment tenure in case the EMIs come out on a larger side. Important to consider a reputed finance lending company as quick and large loan lenders may want their money back as quickly as they lend you and you may also need to pay a higher rate of interest , though all this depends upon the severity of your need for money at that time, and we all know that time is important in crises situations and getting money at hand quickly may be very important.
All the Best from Rizwana!

Couple Not Stayed for More Than Three Years get UK NRI Home Loans

People who have been to the UK for job and do have all the employment details in hand, that is  the passport, identity proof, employment certificate, your salary slips ans of course your bank statements as an account holder in an UK bank, is all enough for you to get a home loan in UK.
Over the years there were many questions and criterion for selecting a prospective borrower NRI , from any other country staying in UK for employment purposes to get a home loan. Though there still are the procedures and formalities to be followed the rules can be bent for certain specific clients as borrowers of a home loan in UK to get a quick home loans and get it approved.
Many people who have joined on work in the UK having the required documents and work permit in place along with the document proof of identity and wish to apply for a home loan in the UK can find out lenders who are willing to offer home loans without fulfilling the required criteria of time for NRIs.Even f you have not worked for more than two or three years and have a good salary per month, this proof can get your UK home loan approved.
Try to research and ask for as many quotations from UK lenders as is possible and find out which housing finance companies are willing to lend you a home loan for buying a home in UK.If your spouse is also working this adds to your advantage as you can also show the salary proof of your spouse and this adds to your monthly incoming salary every month.There are many home loan lending companies and mortgage providers who would be happy to guide you and help you in fulfilling your dream of purchasing a home in the UK. You can also take the help of a good financial consultant of financial planner who will guide you for the same.
It is important to remember that if you are considering of taking a large amount as UK home loan do keep aside a respectable amount for your monthly expenses and unexpected expenses. Many couples in the UK get emotional and go in for purchase of a bigger home in the UK and as the home loan provider will get his installments as EMI every month you may have to sacrifice some other priorities in this case, which may affect your family life adversely. So do remember to use this salary proof to your advantage to get a UK home loan approved but take only that which you will be able to repay over the loan tenure. Maybe you can select a plan of repayment with smaller EMIs and longer loan repayment tenure.

23 August 2012

Why Take UK Home Loans from Reliable and Reputed Lenders

Many relatives being out of this country either for few years and some for more than few decades for work UK loans have helped many to achieves their dreams. Living away from home and setting up a new home when working in UK and foreign countries be it Asian countries or Western countries people do face the financial crunch to purchase a new home and home loans help immensely in collecting large sums for purchasing a new home in a foreign country.
Living abroad for more than five years then you are familiar with the country and its places. But if you are new on work permit or contract basis at first few months it is best to live on rent. Though interest rates for offering loans in the UK loans do not differ much from other countries an NRI would get home loan of large amount for less tenure. You must always inquire about the home loan lenders as you live in a foreign country. If on work basis and living on rent  you can provide all the documents related to your work permit, contract, your salary slip and bank statements for the past six months and avail a home loan from any UK housing finance company or bank.
Staying and working in UK you will have to balance your expenses and savings. If you wish to purchase a new home in UK or back home India  you must first open a savings account in a reputed UK bank. This is beneficial as this is a valid proof and can help you to get your home loan approved later on. Bank statements of past six months are valid proof to get your home loan approved in any country. You will also need the help of good consultants and property dealers who can guide you with UK properties and homes available on UK home loans. In the UK properties and homes are available in wide range of budget and a good property consultant can guide you with best and cheap deals amongst  the UK houses for sale and the lowest interest rate UK home loan.
While considering borrowing a home loan consult a good financial  consultant and select a good reputed lender as foreign country rules maybe different for NRI people. A good lender reputed lender will have all the procedures on paper and in case of any emergency or default in your side in repayment of the home loan they will not approach to harsh measures in recovery of the due home loan. A reputed home loan lender in the UK will also help you out in case of any financial temporary crunch or in case you wish a foreclosure of your loan. Since reputed lenders have been in business for many years and have a good reputation you can also refer to advice from your colleagues in UK and friend staying there about different financial options available to purchase a home in UK.
All the Best from Rizwana!

22 August 2012

How to Get Large Amount of Money as Home Loans for NRI

Non resident Indians are very lucky , not only in terms of getting earning in dollars but also for applying for a home loan. In the UK as well as other countries property rates are rising gradually. Owing a home can become a reality for many NRIs if they avail offers provided by UK financial home loan companies.
You being an NRI would apply for a home loan in India and get a certain amount of money as loan, with all documents in place. Being a non resident Indian if you purchase a home in UK you would definiately enquire about the banks and finance companies that are lending NRIs large sums of money as loans.
If you wish to purchase home back in India and would like a get a home loan, and if you like a larger amount of money as loan it is advisable to apply in the UK and get a home loan approved to purchase a plot or property in India. If you apply to any Indian bank or housing finance company that lend money as loan you would get a certain amount in rupee value. But if you apply for a home loan in UK  you will get the loan amount in dollars, which is definitely more in value than the rupee in the market.
In such a case where you will apply for a home loan in UK to purchase property home in India you will get maximum 85% of the home value or total property value price.Also do find out the rules for applying for an NRI home loan in the UK. You will also need to fulfill certain criteria for approval,  like be employed over a certain period of years for quick loan approval. Your passport details and your salary slips along with your job or employment certificate.  
You can avail a much larger loan amount in UK as compared to India as it will be in dollars if you fulfill the repayment criteria of the lending institution. If you have been working for more than five years then there is no question as you will be having all the documents in place, but if you have been recently transferred or on contract basis then do enquire with the bank for their lending criteria for approval of UK home loans. But do remember the loan amount may be larger but usually the lending institution lends home loans for a smaller period of time that is the loan repayment tenure will be less and thus the EMI amount would be larger also.
All the Best from Rizwana!

20 August 2012

Smallest Emi Offers - Understanding this offer on Home Loans

Home loans are a large amount and we understand that the decision of applying and approval and repayment of the home loan is a long term decision. A welcome change now is seen in the banks and finance housing sector companies here and abroad resorting to new concepts for increasing more movement in number of home loan borrowers.
The average middle call individual who is either single income or double income person sure sees  a sparkle of hope in this move. The inflation world wide and low sales in every sector the most affected industry has been the house construction industry and housing finance industry. As sales have been recorded very low and gradually diminishing with so many constructions on a stand still it was due from long time that a drastic measure be taken. Buyers and home loan borrowers were on a static action mode , wait and watch , as with such high rates of property it was just not possible to go in for a large home loan. the  risk of insecure future jobs and finance industries along with marketing industry on a low people from individual jobs sector were on a tight position to buy a new home.
One of the easiest criterion for selecting the best home loan and an important tip for an home loan applier would be to see, and understand and jump for any offers from housing finance home loan industry companies.  Lowest Emi offers are calculated according to the average income and salary earned by an individual. Targeting the average middle class as home buyers and home loan applicants the move from the lenders is to offer a reasonable EMI , that is the amount to be paid towards the repayment of your home loan every month. With the lending institution allowing 20% down payment a large sum of loan amount has to be repaid over pa period of 10, 20, to 25 years. Now since these plans have taken back stage and borrowers are still hesitating to apply for a home loan another way to lure more people to borrow money is to bring the amount going out as repayment as minimum, as low as can be worked out possible. By quoting this lowest EMI offer the borrower at a glance looks at the amount he/she needs to repay every month only. Small amounts every month can be easily saved for. the hitch here is the home loan will go on for a longer loan repayment tenure. Also it may be possible that the loan offered will be at a higher rate of interest. when selecting and opting for such an offer on your home loan do calculate the total amount you are paying for the purchase of your home. 
All the Best from Rizwana!

09 August 2012

South Africa Scenario of Home Loans in 2012, Quick Home Loans in South Africa

Home loans scenario has taken a vast change and as people keep expecting the home rates and home loan rates to lower there seems to be no light of hope in the near future.There is though a rate correction observed in the year 2012 among builders and construction companies.
Visiting many sites where new homes are being constructed in every country, especially the South Africa is showing great progress in offering home loans.A ray of light for budget homes in seen in the South African country and sales are beginning to increase though at a snails pace. In our city Mumbai, Going too far away in the suburbs was one option till last year 2010 which now seems futile. Even if you are willing to sacrifice precious energy and travelling time the homes constructed on the outskirts of the city also fall in the range of 30 to 40 lakh Indian rupees. The same case is happening in other countries. South Africa is emerging as a destination for cheap home purchase and also getting easy home loans.
Discussing with people we understand that Government poilicies regarding home rates and home loans , though revised is of no major consideration while purchaisng a new home. More and more people who really need new home are still unable to take the step of borrowing a home loan,as this is still very unaffordable. There are many housing finance companies in South Africa who are willing to offer loans to NRIs with the required employment proof and salary slips. The workers on contract basis can also get a home loan in South Africa if they have an account in the local South African Bank and the first step in applying for a home loan in South Africa, or in fact any loan is that you will need to open a bank account in any reputed South African Bank. Since all your documents required will need assembling and recording for applying for a home loan in South Africa , the most important being your identity proof, work permit contract documents with all details of your job and tenure of the work contract, salary slips and credit card statements in place you can easily get any loan from a South African loan lending institution.
Tips for getting any loans in South Africa Loans would be to first open an account in a reputed South African Bank, do keep the deposit money at hand first. You will have to enquire in any South African Bank about the amount they need as deposit or beginning amount for opening an bank account. Keep your credit card statements up to date, and remember to have money remaining as balance in your credit card account, you will understand that any lender from South Africa would want to see your bills paid and still your salary remaining  in excess before offering you a home loan. Keep all expenses in check for few months prior to applying for any type of loan in South Africa so that your credit card statement shows more balance money and money saved from your total income.
Always find out about the loan lending company and select a reputed finance company in South Africa for any type of loan as they have a regular format for offering loans and this corms handy when any thing unexpected happens during the loan repayment tenure,as in case of failure to repay the EMI on time, a reputed South African loan lending company would not fall to undue pressures for loan recovery and would offer you help during such situations by either offering more time or skipping EMI for a certain period or also in case of death of a spouse or the borrower, considering all options in your favor, and also as last resort helping in closing of your home loan with minimum hassles.
All the Best from Rizwana!