Former bartender Chloe Hurst, 20, from Leicester, is mum to Ru, who has just turned one, and pregnant with her second child, ᴅᴜᴇ next month. Chloe loved having a baby so much that she got pregnant again just two months after giving birth.
It was August 2020. She was three weeks pregnant with her first child. But she was just 18 and her partner, Billy Bailey, is now 23. They’d met eight months earlier, in December 2019, on a ɴɪɢʜᴛ ᴏᴜᴛ in their hometown of Leicester. She had a ᴘᴏsɪᴛɪᴠᴇ ᴘʀᴇɢɴᴀɴᴄʏ ᴛᴇsᴛ. She was very ᴡᴏʀʀɪᴇᴅ and sᴄᴀʀᴇᴅ because she was too young.
But, although young, they decided to keep the baby. Their families were not too sʜᴏᴄᴋᴇᴅ and supported them although she was a ᴛᴇᴇɴᴀɢᴇʀ. She was very sᴛʀᴇssᴇᴅ as she sᴜꜰꜰᴇʀᴇᴅ from ᴍᴏʀɴɪɴɢ sɪᴄᴋɴᴇss. On April 29, 2021, at Leicester Royal Hospital, Ru arrived following a seven-hour ʟᴀʙᴏʀ. And, 16 weeks later, she fell pregnant again. This time the baby was planned.
“I didn’t tell people until I was 17 weeks pregnant. I wore baggy clothes, ʜɪᴅɪɴɢ my ʙᴜᴍᴘ and just wanting to keep our second baby a secret for as long as possible. I decided to announce the pregnancy and ɢᴇɴᴅᴇʀ at the same time,” she said.
People did assume it was an ᴀᴄᴄɪᴅᴇɴᴛ because it happened so soon after Ru’s birth. They also thought she was too young to cope with two babies so close in age or that we hadn’t thought it through. Now she is eight months pregnant with her second son, who is growing well and is ᴅᴜᴇ on July 25. The pregnancy has been sᴛʀᴀɪɢʜᴛꜰᴏʀᴡᴀʀᴅ and easier than the first, and he’s looking forward to having ‘two under two’.
She shared her pregnancy on Tiktok. There are a lot of ᴄᴏᴍᴍᴇɴᴛs, someone congratulates, someone has ᴄʀᴜᴇʟ ᴄᴏᴍᴍᴇɴᴛs. Tʀᴏʟʟs were certain “she was a single mum and claimed she was “ʀᴜɪɴɪɴɢ her life” by having two babies so young.” And so many people jump to the ᴡʀᴏɴɢ ᴄᴏɴᴄʟᴜsɪᴏɴ that she is a sᴄᴀᴛᴛᴇʀʙʀᴀɪɴ with no idea what she is doing.
They’re raising their children ᴠᴇɢᴀɴ, and she is an ᴀᴅᴠᴏᴄᴀᴛᴇ of ʙᴀʙʏ-ʟᴇᴅ ᴡᴇᴀɴɪɴɢ. How do you feel this ᴛᴇᴇɴᴀɢᴇ ᴘʀᴇɢɴᴀɴᴄʏ, let’s leave your ᴄᴏᴍᴍᴇɴᴛ.
Introduction
Are you in need of financial assistance but don't want to sell your property? A loan against property might be the ideal solution for you. This type of loan allows you to leverage the value of your property to secure a loan amount. In this article, we will provide you with a comprehensive guide on obtaining a loan against property. Follow these step-by-step instructions to make the process smooth and hassle-free.
Assessing Property Value
The first step in obtaining a loan against property is to assess the value of your property. You can hire a professional property evaluator or consult a real estate agent to determine its market worth. The lender will consider this valuation to calculate the loan amount they can offer you.
Researching Lenders
Once you have assessed your property's value, it's time to research different lenders who offer loans against property. Compare their interest rates, loan tenure, processing fees, and customer reviews. Choose a reputable lender that aligns with your requirements and offers favorable terms and conditions.
Document Preparation
To apply for a loan against property, you need to gather the necessary documents. The typical documents include:
- Property ownership documents
- Identity proof
- Address proof
- Income proof
- Bank statements
- Tax returns
Ensure that you have all the required documents ready and organize them for easy access during the application process.
Loan Application
Now that you have chosen a lender and prepared the documents, it's time to submit the loan application. Fill out the application form provided by the lender, providing accurate information. Double-check the form to avoid any errors or discrepancies.
Property Valuation
After submitting the application, the lender will initiate the property valuation process. They will send a representative to assess the property's condition, location, and market value. This valuation helps the lender determine the maximum loan amount they can offer you.
Loan Approval and Disbursement
Once the property valuation is complete and meets the lender's criteria, they will approve your loan application. The lender will communicate the approved loan amount, interest rate, and repayment terms. Upon agreement, the loan amount will be disbursed to your bank account.
Repayment Terms
Understanding the repayment terms is crucial before finalizing the loan agreement. The terms include the loan tenure, interest rate, and EMI (Equated Monthly Installment) amount. Ensure that you carefully review the repayment schedule and have a repayment plan in place.
Conclusion
Obtaining a loan against property can provide you with the financial flexibility you need without giving up ownership of your property. By following the step-by-step instructions outlined in this article, you can navigate through the process effectively. Remember to conduct thorough research, gather the necessary documents, choose a reliable lender, and understand the repayment terms.
FAQs
1. Can I obtain a loan against any type of property?Yes, you can obtain a loan against residential, commercial, or industrial properties.
2. What happens if I default on the loan repayment?Defaulting on loan repayment can lead to penalties, legal action, and the possibility of losing your property.
3. Is the interest rate fixed or variable for a loan against property?The interest rate can be either fixed or variable, depending on the terms agreed upon with the lender.
4. Can I prepay the loan before the tenure ends?Most lenders allow prepayment of the loan, but it may be subject to prepayment charges.
5. How long does the loan approval process take?The loan approval process can vary among lenders, but it typically takes a few days to a few weeks, depending on the documentation and property valuation process.
In conclusion, a loan against property is an excellent option for individuals in need of financial assistance. By following the step-by-step instructions provided in this article, you can secure a loan against your property efficiently. Remember to thoroughly assess your property value, research lenders, prepare the required documents, and understand the repayment terms. With careful planning and execution, you can leverage your property to fulfill your financial needs.