FAQ's
- How do I apply for a loan?
- What can I use my loan for?
- How much can I borrow?
- What type of guarantee do I need?
- Can I pay back a loan sooner than the agreed time without incurring penalties?
- Can I get a loan if I have adverse or a poor credit record?
- Can I get a loan if I am a student?
- Can I borrow money for our daughter's Gap Year?
- If I don't own a house is it still possible to get a loan?
- What can I use a commercial loan for?
- What is the difference between a secured and unsecured loan?
- I rent out my home. Can I still get a loan on it?
- What is a bridging loan and how does it work?
This is what makes this site great! Just pick up the phone call the Freephone number and the adviser on the other end will take you through the process.
Depending on your circumstances and credit history we will find the best loan company offering the most competitive rate for you to apply to.
You are asking a company to lend you some money at an agreed interest and repayment level. They in turn want to know a little about you, especially about your credit record and income so, please have this to hand when you call.
Once the loan is agreed and the money is sent to you, what you use it for is up to you.
There must be a reason why you are here in the first place, so whether it be for for a car, home improvements or just to consolidate a number of credit agreements into one, then go ahead and use the money as planned.
This depends on a number of things including:
Your income
Your current credit expenses
Your mortgage and home value
Your credit history
Talk to the adviser who will let you know what levels of borrowing are open to you.
We don't usually look for a personal guarantee but the lenders will be looking to secure their lending against your home.
Which is why we make you very aware that not keeping up your repayments could end in repossession of your home.
It depends on the lender and the deal you agree, there are options to make early repayments so check with the adviser if this is an option open to you.
YES YOU CAN!
Naturally, if your credit history is bad then the lender will want to make sure that they have a security if you don't repay.
You should use this opportunity to start to repair your credit history by making your repayments in full, on time, every time, then, in the future, lenders will be far more open to lending to you and offering even lower rates.
Yes, there are opportunities for students as well as tenants. There is also the opportunity to have a guardian or parent stand as surety for you and the borrowing.
Yes, you can. As long as your credit history and circumstances meet the lenders requirements.
This is an excellent reason why using this service which has a panel of a number of lenders with different requirements, gives you a much greater chance of finding a competitive rate.
You can even borrow for your own Gap year when you want to take a work break!
Yes, call our service and they will take you through all the opportunities for tenants.
Commercial loans are a special area and have their own requirements.
Usually these are used to buy a business or business premises or even convert or develop a site or building.
Buy 2 Let investments are often classed as commercial loans and we can certainly help you there.
Your house or property is the difference.
Secured loans use your property as security against the loan which is why they can be for larger amounts and over longer periods.
A mortgage is, effectively, a secured loan.
Yes, some lenders are happy to do this as long as there is equity in your property.
Equity is the difference between the value of the property and the mortgage secured against it.
A bridging loan is a short term loan secured on a property, that releases funds to help a home or property buyer to fund another purchase.
The levels of lending can be up to 75% of the value of the property and the interest charged can be relatively high, but this also means that the borrowing can be repaid at any time without penalty.
This type of lending is usually only for a few weeks or months, often while the property is sold and the capital is then released.
OUR TYPICAL, VARIABLE RATE IS 10.9%
APR . RATES RANGE FROM 7.4% APR to 27.60% APR
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A
MORTGAGE OR ANY OTHER DEBT SECURED ON IT