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What types of loans are available? Secured Loans With a secured loan you retain your existing mortgage and take out a further borrowing secured on your property typically from a different lender. Secured loans tend to be more flexible, easier and quicker to process and require no upfront survey, legal or other fees. Unsecured Loans With unsecured loans, the loan is not secured on the property. This is generally the quickest way to borrow. Unfortunately it also tends to be the most expensive because there is no security. They also require no upfront survey, legal or other fees. How
much can I borrow? You can have your loan
approved subject to references on-line and completed in 14 days. If
you borrow more than £25,000 you could receive your cheque even
sooner. You can use your loan for
any reasonable purpose. For example you may be thinking of taking advantage
of our exceptional interest rates and clear all your loans and debts
so you can reduce your monthly credit payments. Or you may be thinking
of carrying out some home improvements or buying a car. Whatever you
decide you will receive a cash loan to spend as you wish. You can insure your payments
so that you won't have to worry if you lose your job or are off work
through accident or sickness. If you are like me you probably want the
peace of mind of insuring your payments but not the cost. You can repay the loan
back at any time. The method of calculating the amount of money required
on early redemption will be stated in the loan agreement. We will also
send you a copy of the FISA borrowers information guide which will explain
the procedure in detail. The simple answer is YES.
We have access to a majority of lenders currently operating in the UK.
This means we can source the best deal for you whether it be fixed or
variable. You are under no obligation
whatsoever. You can cancel your loan at any time up to completion without
cost nor penalty.
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Typical
APR: 10.9% Example: £10,000 over 60 months
= £214.58 per month (At 10.9%- Total repayable = £12,874.80) Your home is at risk if you do not keep up the repayments on a mortgage or other loans secured on it. |
What types of loans
are available?