Using isecured loans for a home owner loan

angelfishy

Hi

Am thinking of using isecured loans to arrange a home owner loan. Apparently they give you cashback of 2% of the loan value instead of charging a fee. Just wondering if anyone has used them or heard anything about them?

Thanks

jonesMUFCforever

No but how do you think they are able to ''give'' you 2% cashback - answer by charging higher interest rates!

Why not approach your existing mortgage lender for a further advance or go for a whole remortgage to include the extra funds you require?

_Andy_

Spam again

angelfishy

Thanks for the reply.

Unfortunately we wouldn't be able to use our existing mortgage lender (C&G) as we are needing to take the amount secured against our house to 90% ltv and our 'employed' income is very low. Think will steer clear of isecured, sure there will be some catch in terms of interest rates or something else.