in Dorset can basically be classified into two broad categories.
These are secured and unsecured loans. Anyone with a house
or property can apply for a secured loan in Dorset. Unsecured
loans are for those applicants who do not have a home or who
do not intend to utilize their home for collateral purposes.
This is because they fear that they will lose their home if
they are not able to repay the loan.
CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A
MORTGAGE OR ANY OTHER DEBT SECURED ON IT
A fee between 0% and 10% of the loan may be charged on some plans
depending on credit history and ability to prove income.
Example: Loan of £15,000: 120 monthly repayments of £204.66,
Loans secured on residential property.