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Homeowners 'more likely to get personal loans'
People who own properties are arguably more likely to be able to successful apply for a personal loan, a website has suggested.
According to Themoneypages.com, lenders generally view homeowners as consumers who can provide a high level of reliability, particularly because they are less likely to miss payments as they can easily be found.
The website added that companies also tend to offer such people secured loans, which tend to be linked back to their homes.
"If you fail to keep up repayments, your lender has the right to repossess your home to get its money back," it explained.
"Interest rates are generally lower, again because the debt is lower risk, and you will probably be able to borrow more money."
Recent research published by Sainsbury's Finance revealed that nearly £12 million of personal loans were taken out to fund surgery of some kind during 2009.
It also revealed that an estimated 800 loans were taken out to cover cosmetic issues.