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Use a Secured Homeowner Loan to Buy Another Property

Use a Secured Homeowner Loan to Buy Another Property
By Liz Moir

If you are a homeowner you can obtain a secured homeowner loan which can be used for a variety of purposes, whether it is to carry out home improvements, to purchase a car, fund a wedding, etc.etc.

A secured homeowner loan can be an excellent way to buy a foreign property.

Prices of properties abroad can be bought at very low prices at the moment due to the credit crunch forcing people to sell their second property.

There are very good buys in France at the moment, although France has always been a popular country for British people, in particular, as prices have always in general been cheaper in France than in the UK.

By taking out a secured homeowner loan you will get a good rate of interest, and you will not require a deposit as you would if you arranged a mortgage on the property in France.

Secured homeowner lenders will normally grant this type of loan up to a value of £100,000 or more subject of course to equity, income and status. A secured homeowner broker can arrange everything for you, leaving you free to surf the web to find your dream second home in France.

It is obviously advisable not to put in an offer to purchase a property until you actually have the funds which takes about three weeks or slightly longer.

However there is no harm in looking, not only on the internet, but also in various publications which feature properties in France for sale.

There are many beautiful areas and cities in France to consider when you have decided to purchase a property in France with your secured homeowner loan.

It may be worth considering Brittany and Normandy in the North of France, as you can take a car ferry which sails direct to these two areas from the British coast.

These areas do not enjoy the almost non stop sunshine that can be enjoyed in the South of France which is however considerably more expensive.

However, Normandy and Brittany have many quaint villages and you can buy a completely habitable two bedroom property there from about £50,000.This is quite a bargain. Also both of these regions have seafood to die for.

Some of the names of the towns in these areas may seem familiar to you even if you have not visited these areas of France before, names such as Brie, Camembert,etc., which are world famous cheeses from these areas.

Courtesy of your secured homeowner loan, you could enjoy these culinary delights in the land of their birth as it were.
Cider and many other apple alcoholic drinks also stem from here.

The coast is beautiful, and your secured homeowner loan will also be sufficient to purchase a flat with a seaview in the most attractive town of Deauville home to the world famous film festival and an extremely grand casino.

It is also possible to purchase properties in the world famous wine region of Burgundy quite comfortably with your secured homeowner loan money.

You can again buy a habitable property in this area of France from about £50,000.

There are dozens of quaint villages in this area of France where time seems to have stood still, with ancient farms sometimes situated on the main road of the small town or village.

If you think you would like this area of France, but prefer some place more lively, you could use your secured homeowner loan to purchase a flat in the lovely city of Dijon which lends it's name to the world famous mustard.

I hope this wets your appetite and gives you some idea of what you can buy in France with your low rate secured loan

http://www.championfinance.com

Champion Finance arranges homeowner loans, whole of market mortgages and remortgages.

Article Source: http://EzineArticles.com/?expert=Liz_Moir

Use a Secured Homeowner Loan to Buy Another Property

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