Strict tests will ensure that only homeowners who can really afford such schemes can take out equity, which have been a popular way for many to raise extra funds.
8th december 2011 The White Rose Credit union is providing interest-free home loans for vulnerable people around the district. The loans pay for essential repairs and disabled adaptations.
Professional landlords are showing signs of confidence by taking equity out of unmortgaged properties they own to expand and gear up investment potfolios.
As government regulators and lenders work to stabilize the housing market, one of the factors that helped propel the housing boom of the past decade is now taking a central role in thwarting their efforts: second mortgages.
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Second mortgages complicate efforts to help homeowners
