Every second individual has a desire of own home where he or she can spend the precious moments of the life and this place known as their belonging in the near future also. It is quite difficult to purchase your own home in this era, as the prices are sky high. Payment for a Loan is like paying a trunk of money, which you do not possess. One, who earns sufficiently, cannot get a home due to the continuous increase in the prices and with the effect of it, his or her purchasing power falls. Now, you may get such a relief when you will notice the current downfalls in the prices of the homes in the UK.

In recent news published by Reuters, the home prices in UK touched the lowest value since April 2018. In the month of August, there was 0.2% decrease in the price observed. Suddenly in the month of September (6 months before Brexit), the cost of the home for a common person lowered down with 1.4%.

Reference link https://uk.reuters.com/article/uk-britain-houseprices-halifax/uk-house-prices-record-biggest-fall-since-april-halifax-idUKKCN1MF0QC

If compared to the previous year, the prices were rose with 2.5%. These facts enunciate that now it is easy to buy your own home, as there is an ease in the cost. Now the concern is how to jot down the money to pay this amount and come forward to fulfil the dream for many years. Even if you save a lot every month, you may face failure to collect the entire amount to purchase own property. Still, you can make your dream come true of acquiring own home asset with the help of better Debt Financing.

If compared to the previous year, the prices were rose with 2.5%. These facts enunciate that now it is easy to buy your own home, as there is an ease in the cost. Now the concern is how to jot down the money to pay this amount and come forward to fulfil the dream for many years. Even if you save a lot every month, you may face failure to collect the entire amount to purchase own property. Still, you can make your dream come true of acquiring own home asset with the help of better Debt financing.

What is debt financing?

It is the way to fulfil your responsibilities or desires with the help of the debts. Debts mean loans you take from any credit provider, who willingly lends its money to you. You can use it when you lack the savings, financial support of the family and other factors, which influence your purchasing power.

Sources of Debt Financing:

One of the convenient and the time-saving sources of debt financing is explained below. It is to make you understand that you have this option too if you are unable to approach anyone for giving you the funds to purchase a home.

Online

With the advent of technology, everything has come online. Being relaxing at the balcony of your rented home, you may realise that if you had your own home then it could be better. You opened your cell phone and start searching for the dealers. Now you can also search for the lenders, as they are also online. There can be a situation when you have your own house but you feel that there is a need of an improvement then you can also surf the internet and find the lender, who provides legitimate deals on the home improvement loan.

Eligibility Criteria:

The eligibility criterion differs from one lender to another. Generally, a person has to be-

• A citizen of the UK
• Aged 18 or above
• Working in a company either part-time or full-time
• Not imposed by CCJ ( County Court Judgement)

Such home rate fall in the UK gives a wonderful opportunity to the online lenders or direct lenders, who transfer the funds quickly to the applicant’s bank account.
Loan for people with the low credit score is also available, but you are allowed to get funds only if the margin between the standard and the actual credit ratings is minor.

Suggestions to follow:

Do not apply for loans without doing the adequate amount of research because if you catch by a fraud then your financial goals can be ruined so does the financial well-being can be destroyed. Repay on time to maintain the image in front of the lenders so that the credit provider can never say no to your loan application.