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Need a Loan to Pay for Your Wedding? 4 Ways a Secured Loan Can Help You Finance Your Marriage and Honeymoon

Are you planning your wedding?

Your wedding day is the biggest day of your life. However, it can also be one of the most expensive. The Guardian reports that the average cost of a wedding day in the UK is now a staggering £21,000 with the costs set to soar in the next few years.

So, even if you are not planning to hire a castle and have the day paid for by Hello magazine, the cost of a wedding day can still stretch into several thousand pounds. So, why not consider a secured loan to help you finance your marriage? Here are four ways a homeowner loan can help you.

1. Secured loan covers the wedding costs

The cost of the wedding day itself can run into five figures. Common expenses you will incur on the day include:

  • Wedding dress
  • Suit hire for groom, best man and ushers
  • Church or registry office fees
  • Wedding rings
  • Reception venue, food and entertainment
  • Photographer
  • Wedding cars
  • Flowers

If money is tight, make sure you shop around. Venues often charge more for a wedding than for other events so get the best quote you can. Second hand wedding dresses are increasingly popular, and friends may be able to take your photographs for you.

Whatever you decide, a secured loan can help you meet these costs. Rather than spending thousands of pounds on expensive credit cards, a secured loan allows you to borrow against the equity in your home. You make one simple, affordable monthly payment to the loan which you can use for all the expenses on your wedding day.

2. Use the equity in your home

A homeowner loan is a personal loan secured on your property. The amount of the loan and the interest rate is typically determined by:

  • Your income and outgoings
  • Your credit history
  • The equity in your home
  • The amount you wish to borrow

Secured homeowner loans allow you to borrow against the value of your property in order that you can fund all the costs of your wedding day.

3. Secured loan can pay for a honeymoon

The Daily Mail reported in 2008 that a honeymoon is the second highest wedding cost. The average cost of a honeymoon has reached £3,220 as couples travel further and further afield on their post-wedding trip.

Whether you are planning to travel to Spain or the Seychelles, a honeymoon is costly. The holiday itself can cost several thousand pounds in addition to food, spending money and a ‘honeymoon wardrobe’.

A secured loan allows you to use the equity in your home to pay for a once in a lifetime trip. One simple, manageable monthly payment is all you pay for a loan that you can use to enjoy a luxury honeymoon with your new spouse.

4. Secured loans are simple and quick to arrange

Whilst some weddings are arranged years in advance, many marriage ceremonies are organised in just a few weeks. If you need money for your wedding or honeymoon quickly, a secured loan could be the perfect answer. You can have the money you need to fund your marriage in time to pay the wedding and honeymoon bills.

So, if you want to make your wedding a day to remember, why not consider a secured loan to finance the big event? You could get the dress, ring, honeymoon and venue that you and your partner deserve.

To use your home to raise money at a competitive APR, please fill this homeowner loan form.

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