Payday Power Blog 4 Cash

Cost of Mortgage Loans Decreases

Simon PR — Mon, 06 Sep 2010 14:36:30 +0000

The recent adjustment in the number of mortgage loans available has led to a slight market upturn. A recent report from Moneyfacts states that as mortgage costs are steadily decreasing this in turn has opened up more opportunites to potential new borrowers.

This month’s data has already shown a rise in the number of available mortgage loans for those people with a 20% deposit. However home loan availability for those people with a 40% deposit has fallen.

In short the bigger your deposit the better level of success you will have in obtaining a mortgage loan. You will also have the opportunity to gain instant access to more mortgage providers who will be able to assist you in finding the right mortgage loan deal. Check out fixmymortgage, a great source of information enabling you to compare a wealth of some of the current best mortgage offers on the market.

So what of the current mortgage trend? Darren Cook from Moneyfacts says, ”When banks increase the level that they are willing to lend against the value of a property, this usually means that risk increases and rates go up. But we are seeing average mortgage rates continue with their slow decline and this could indicate that lenders are getting to grips with the threats of a new mortgage environment.”

The Bank of England’s latest figures make for pretty dismal reading too as the number of mortgages accepted for people looking to buy UK dwellings has barely changed up to the end of July. Net mortgage lending has also only increased by £86m in the previous quarter emphasising the slow-moving growth rate.

Payday Power Doubles It’s Lending Power

Simon PR — Thu, 02 Sep 2010 08:51:24 +0000

Payday Power have confirmed that they have doubled the number of people they are lending to for payday loans. With access to a wealth of unique payday lenders, there are now even more opportunities to receive instant cash loans.

Payday Power provides people regardless of their credit level with a payday loan, usually within 1 hour. Hassle free and with no documents to complete or forms to fill – except thier quick and easy online form that takes just a couple of minutes. It really is that easy! They will often give you an instant response after scouring most of the top lenders in the UK market. Borrowers can get up to £800 cash within an hour and best of all its absolutely free with no hidden costs. Can’t find an immediate loan? Don’t worry as they will endeavour to find you the best loan to match your requirements no matter what your personal circumstances may be.

“This great news and the figures are impressive.” proclaimed Michael Head of Marketing. ”Not only should Payday Power be the first place to look for a payday loan, but now it may be the only place you need to look!”

And with only £25 repayable on every £100 you borrow, Payday Power makes lending options even easier in helping people manage their finances.

New You Tube Video Advert for Payday Loans

admin — Wed, 25 Aug 2010 14:50:42 +0000

Just thought we’d upload a link to our new payday loans video on YouTube.

A simple 20 second video inviting UK residents to take a look at our website and apply. Payday Power fans who would also like to show this video on their webpages could add the following code:

http://www.youtube.com/v/hGt3Zm45Sv0&hl=en&fs=1″></param><param name=”allowFullScreen” value=”true”>http://www.youtube.com/v/hGt3Zm45Sv0&hl=en&fs=1” type=”application/x-shockwave-flash” allowscriptaccess=”always” allowfullscreen=”true” width=”425″ height=”344″>

New Lender Added to Website

admin — Mon, 23 Aug 2010 14:05:05 +0000

Payday Power works with a large number of same day lenders and is pleased to announce the addition of Wage Day Advance to its list.

As soon as an applicant applies with us for a loan, we compare the applicants details against all our lenders criteria in real time until we find a match.

Now with the addition of Wage Day Advance, if we cannot find a lender who will accept their application immediately, we automatically send the application details through to Wage Day Advance, who claim to accept 85% of applications made to them.

They will then contact the applicant by phone to help them with any additional questions they may have and to complete their loan as soon as possible.

More good news is that even if we can’t directly help applicants out with a loan, but Wage Day Advance can, its loan charges appear to be the same as ours, which is a £25 charge for every £100 borrowed or 25% of the loan value.

Compare Payday Lenders for The Best Deal

admin — Wed, 04 Aug 2010 13:56:05 +0000

Payday Power has just added a ‘payday lenders comparison’ tool to its website. As Payday Power is a broker it may seem better for borrowers to go direct to the lender rather than a broker, but when it comes to payday loans, a broker can save borrowers a lot of time completing a lot of forms until they find a lender who wants to them the money.

The comparison tool or chart is updated every day with the latest success rates and statistics sent back from the lenders. Lenders or brokers who are accepting more loans move higher up the rankings while lenders without enough money to lend or very strict lending rules drop lower in the rankings.

It makes sense for borrowers to apply to the lenders with the highest rankings first which will give them the best chance of getting their loans approved and paid out.

Check out the payday lenders comparison chart here.