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The number of remortgages, mortgages and (http://www.championfonance.com) homeowner loans granted all greatly diminished over the past three years as these were three years of deep recession.

Many were uncertain how long they would be in their current position and this made them uncertain about either a mortgage ,a remortgage or a secured loan.

In addition to all this, mortgage providers tightened their under writing criteria so strictly that many could no longer obtain a mortgage or a remortgage even if they both needed and wanted one. After all it was the reckless criteria that had originally lead to the recession in the first place..

The drop in the value of houses only served to detiorate the home loan position even more.

Before the recession remortgages were a popular way for people to change mortgage lenders to either simply obtain a lower rate of interest or even to obtain extra funds for various reasons, including debt consolidation.

The next of the home loan products, namely the secured loan or homeowner loan, if you wish,went down in the same fashion as mortgages and remortgages , and the reasons were the same.

Secured loans have all the same uses as remortgages and can be used for almost anything including debt consolidation.

Homeowner loans were even worse affected than remortgages and mortgages and the greatest per centage of secured loan lenders ceased trading.

Pre recession there was over twenty homeowner secured loan lenders offering these low cost loans and now there are less than a hand ful.

This meant that many homeowners who would have really received an advantage from a secured loan and especially as a debt consolidation loan to offer economies were refused the chance.

Things are hopefully now improving due to the return of one of the secured loan lenders, and that is Link Loans who had to departed from the homeowner loan market due to their backers refusing funds.

Their backers are now RBS instead and they are giving homeowner loans to individuals who have only been working for themselves for a minimum of a six month period.

This means that the self employed can now apply for a much needed debt consolidation loan.This will be very glad tidings as self employed have recently been finding it almost impossible to obtain remortgages, mortgages and secured loans.

Looking to find the best (http://www.championfinance.com) secured loans, then visit www.championfinance.com to find the best deal on a (http://www.championfinance.com/remortgages.htm) remortgage for you.