Homeowner loans commensurate with the special status of homeowners in the UK
Presuming that there are a number of children in your home, you often have to wait for getting your needs fixed. But the single child knows how to get his demands fulfilled. His denial to eat once has his parents going down on his knees. Homeowners in the UK have a similar status among loan providers. The preference that the homeowners enjoy in homeowner loans will make the tenants jealous.
Any guesses about the reason behind this preference.
Okay let me inform you. It is the home which is at the centre. Among the several assets that form the collateral for the purpose of guaranteeing repayments, home forms the safest bet for the lender. Home commands the largest loan amount from the loan provider. This springs because of two factors:
Firstly, borrowers hold home as a prized possession. Come whatever, he is not ready to lose the home. While home continues providing a safe shelter, many people have their sentiments attached to the home. With such a background, borrowers will not ever take steps that endanger their home.
Secondly, home is an immoveable asset....