A bank loan is simply a form of debt that is granted for a given period of time, generally on predetermined interest terms tied to the prime rate of interest, the amount of the loan being repaymentable on a regular schedule, either on a monthly instalment or at a stated redemption date. These are very popular in the UK and the USA where credit markets are highly competitive and loans can be very timely and easily obtained. There are also some offshore banks that offer services to individuals looking for unsecured loans and credit cards. An example of such an offshore bank is the Swiss Bank Account. Obtaining a bank loan in Switzerland is simple. You need to have a valid Swiss bank account, a regular income, and a job that is authorized by the Swiss government to hold such an account. For these types of accounts, verification of the information provided by the applicant is usually not necessary as the issuing bank verifies the information itself. The bank in question will review your credit score before approving the loan and if you have any outstanding debts to clear before hand, they will usually approve the loan too. As a general rule of thumb, the easier it is to get approved for a bank loan, the lower the interest rates will be, and vice versa. The easiest loans to obtain are investment grade or better known as VIP debt. Investment grade debt such as a home mortgage is exempt from the usual underwriting procedures and is usually subject to a lower cost base rate. These types of bank loans are often applied for through offshore investment banks. Another option that can be used for getting an investment grade bank loan in Switzerland or anywhere else for that matter, would be
There are millions of people in the UK who have bad credit ratings and many of them will never have defaulted on a loan, had a county court judgement registered against them or been made bankrupt.
Building a house in the UK can, on the face of it, seem out of the reach to most of us. However, well over 10,000 people do it every year so it’s certainly possible!
Despite the much-lauded recovery from the Great Recession and all the talk of economic growth in the UK, significant numbers of British households have not really experienced much of a recovery. Recent research commissioned by the Joseph Rowntree Foundation suggested that nearly four out of 10 households with children, or 8.1 million people, live below an income level regarded by the public as the minimum needed to participate in society. The working-age poor seem to be particularly hard hit; households with members aged under 35 are now over four times more likely to be below MIS (minimum income standard) than pensioners.
Pre Lien Notices are important legal documents. They are sent to both a general contractor and a property owner. They have to conform by a number of different rules in order to be valid. Even the slightest mistake in any of the paperwork elements will render the lien invalid, which can cost the contractor in particular dearly.