After my father died, I had to spend so much time taking care of my ailing mother in her bungalow that my husband eventually suggested she should come and live with us. Being very practically minded, he suggested I should take her away on holiday while he made certain adjustments to the house and garden so that it could accommodate a wheelchair and make her feel welcome as well as allowing her to retain some independence.
When I returned, I could hardly believe the amount of work that had been achieved in such a short space of time. All the downstairs areas had become wheelchair-friendly and a lovely, sunny conservatory had been added to the back of the house. This led out to decking and a glorious new garden perfect for sitting out in the summer.
When I regained my powers of speech, I asked how it had all been possible. My husband explained that he had taken a loan from an online finance broker and called in a high-powered team of workers who virtually worked round the clock to complete all the necessary work in the fastest time possible. It had all been done in a matter of weeks, from start to finish.
Debt, to me, is probably the worst four letter word of all. I live in horror of it, as my husband well knows and I was very anxious to know all the details. He was able to reassure me to some extent. He had opted for a secured loan for speed as online finance companies are able to process applications so much more quickly than banks and with far less paperwork involved.
He reminded me of the global recession and explained that banks were extremely reluctant to lend money in such a climate. It didn’t seem to matter that we were in a good financial position with our mortgage virtually paid off. If he could have done it without borrowing, he would have done so. However with two children at university, our savings were becoming depleted.
He had done his homework carefully and chosen a reputable finance brokerage firm that had been established for over twenty years and. The company was registered with the Finance Industry Standards Association and therefore operated within their standards. They were able to approve and process the loan far more quickly than any bank, freeing up vital cash to keep the various contractors happy.
Everything certainly seemed to be above board when I went through the documents and, with the flexibility to repay the loan sooner than the set term, I felt rather more reassured. I actually telephoned them myself to ask a few questions and they could not have been more helpful, just as my husband had described. It seems he had made a very good choice after all.
In the end I had to agree that there are situations in life when quick decisions or even risk-taking are called for. Our home is our greatest asset and we have ploughed everything we have into it. Making it work for us instead seems to me to make good sense. We will all enjoy the improvements and these have certainly increased the value of the property. All in all, that seems to be a win-win situation.
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