New Home Loan

New home loan, new home loan rates, best new home loan, cheap new home loan, new home loan tips and advice.

A home loan is a cheap and flexible way of raising capital for a wide variety of reasons from home improvements to buying a car. Home loans can even be used to get you out of a financial crisis, which some people have experienced at some time in their lives. A home loan is also another term for a mortgage, so if you need a mortgage you may also ask for a homeloan.

From April 2008 two new equity loans will be available through the Governments shared equity scheme Open Market HomeBuy (OMHB) and they are called. MyChoiceHomeBuy which is an equity loan between 15 and 50 per cent of the purchase price which is provided in partnership with eight Housing Associations named CHASE, this can be used in conjunction with any conventional mortgage.

Also available is Ownhome this is an equity loan of between 20 and 40 per cent of the purchase price, and is provided in partnership with the Housing Association Places for People and Cooperative Financial Services and can be used in conjunction with any conventional mortgage from the Co-operative Bank.

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