Case Studies
Mr & Mrs S from Manchester bought a property that needed renovation. After using various credit cards to finance out the work, they soon found that they were over committed.
A secured loan for £40,000 was arranged for Mr & Mrs S which allowed them to consolidate their credit card debts, reducing the amount that they were paying out each month by 50%.
Mrs C from London needed to raise some money to extend her property and she was looking to raise £28,000 for the project. There was plenty of equity in her home.
However, a remortgage was undesirable as that would mean paying a large redemption penalty as she was 11 months into a 2 year fixed mortgage deal. Instead, a secured loan for the full amount needed was arranged which financed the extension and avoided expensive remortgage penaties.