{"id":29947,"date":"2016-10-14T15:53:52","date_gmt":"2016-10-14T08:53:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-loan-war-heats-up-as-first-direct-raises-limit-to-50000\/"},"modified":"2016-10-14T16:01:47","modified_gmt":"2016-10-14T09:01:47","slug":"personal-loan-war-heats-up-as-first-direct-raises-limit-to-50000","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/personal-loan-war-heats-up-as-first-direct-raises-limit-to-50000\/","title":{"rendered":"Personal loan war heats up as First Direct raises limit to \u00a350,000"},"content":{"rendered":"


\nBanks are upping the maximum you can borrow \u2013 but interest rates are high First Direct has launched a new era of jumbo-sized personal loans, allowing customers to borrow as much as \u00a350,000 without the need to secure it against property or jump through the hoops of a mortgage application process.Previously, the bank\u2019s maximum personal loan was \u00a330,000, and the new ceiling leapfrogs the maximum at other lenders such as Sainsbury\u2019s (\u00a340,000) and Tesco (\u00a335,000). However the typical rate charged, at 6.7%, is significantly above typical mortgage interest, and double the 3.4% that First Direct charges on personal loans below \u00a330,000. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Personal loan war heats up as First Direct raises limit to \u00a350,000<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Banks are upping the maximum you can borrow \u2013 but interest rates are high First...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-29947","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7N1","jetpack-related-posts":[{"id":8110,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-central-bank-raises-home-buyers-loan-to-value-limit-to-85\/","url_meta":{"origin":29947,"position":0},"title":"Saudi central bank raises home buyers' loan-to-value limit to 85%","date":"March 16, 2016","format":false,"excerpt":"\r \r Saudi Arabia's central bank will allow mortgage companies to supply a greater share of funding for home purchases, raising the maximum permitted contribution to 85 per cent from 70 per cent of the value of the house, it said on Tuesday.The change is part of a series of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-waives-tdsr-limits-for-deferred-mortgage-repayments\/","url_meta":{"origin":29947,"position":1},"title":"MAS waives TDSR limits for deferred mortgage repayments","date":"April 8, 2020","format":false,"excerpt":"\r Borrowers who apply to defer either their home loan\u2019s principal payment or both their interest and principal payments will be exempt from the TDSR limitations. The Monetary Authority of Singapore (MAS) has clarified that certain limits for deferred payments on consumer loans and mortgages will be waived in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132230,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-our-savings-go-towards-the-help-to-buy-loan-or-overpaying-a-new-mortgage\/","url_meta":{"origin":29947,"position":2},"title":"Should our savings go towards the help-to-buy loan or overpaying a new mortgage?","date":"December 5, 2022","format":false,"excerpt":"\r Our five-year fixed-rate deal ends soon, we have saved \u00a3100,000 and need the best remortgage strategyQ My husband and I purchased a property in May 2018 for \u00a3600,000 using the London help-to-buy scheme. We took out the maximum help-to-buy loan of \u00a3240,000 and put in a \u00a330,000 deposit. At\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131122,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-overpay-the-mortgage-and-borrow-money-for-house-renovations\/","url_meta":{"origin":29947,"position":3},"title":"Should we overpay the mortgage and borrow money for house renovations?","date":"October 24, 2022","format":false,"excerpt":"\r The work would cost \u00a325,000 and we can afford to save about \u00a3500 a month towards itQ We currently have a mortgage of \u00a3122,000 and need to complete some home renovations costing \u00a325,000. We can afford to save about \u00a3500 a month to put towards the house renovations but\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-a-flat-6-scenarios-you-might-face\/","url_meta":{"origin":29947,"position":4},"title":"Buying a flat: 6 scenarios you might face","date":"January 25, 2017","format":false,"excerpt":"\r The higher the floor, the costlier the flat, so if budget is a concern, opt for a unit on a lower floor.\u00a0 Aside from the important decisions you have to make when buying an HDB flat, there is always the risk of unforeseen circumstances that may affect the buying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128419,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rates-are-rising-so-why-are-mortgage-rules-being-scrapped\/","url_meta":{"origin":29947,"position":5},"title":"Interest rates are rising \u2013 so why are mortgage rules being scrapped?","date":"August 1, 2022","format":false,"excerpt":"\r Analysis: Bank ruling that borrowers don\u2019t have to show they can afford steep repayment hikes raises questions over how to curb excessive borrowingFrom today, there is one less barrier to obtaining a mortgage. 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