FAQs
How much can I borrow?
We can arrange loans for any amount from £5,000 to £500,000. However, there are a few factors to take into consideration such as available monthly income and the equity available in your property. The most important considerations are that you can afford the monthly repayments and that you are a homeowner. Simply state on the application form how much you would like to borrow and we will work hard to meet your requirements.
Over what period of time can I spread my loan or mortgage repayments?
This is of course up to you, and depends on how much you can afford each month. Our loans are usually available over 5 to 30 years.
What can I use the loan for?
Anything you want, there are no restrictions as long as it's legal. Maybe you need to reduce your monthly outgoings by paying off all your debts, leaving you with one lower monthly repayment. Or perhaps you would like to buy a new car, boat or caravan. What about new windows, conservatory or maybe an extension? It really is up to you.
If you are thinking of consolidating existing borrowing you should be aware that by extending the term of the debts this may increase the total amount you repay.
What happens if I'm ill and can't work or I'm made redundant?
We offer and recommend optional accident, sickness and redundancy cover to give you complete peace of mind. Optional life cover is also available and some plans offer this free when you take out a loan.
What happens if I want to borrow more?
Contact us and we will process your application.
Can I repay the loan before the end of the original term?
Yes of course. We don't provide loans that lock you into a fixed term of borrowing. You are free to repay the settlement or redemption figure due whenever you deem necessary. The amount of interest payable to settle will depend on the lender. Generally, our lender panel will, in the event of early redemption, will give a rebate under the terms of the Consumer Credit Act 1974.
What to do next?
Please complete our online application form. We will process your application speedily and come back with a lending solution very quickly.
What is a Secured Loan?
A secured loan is a loan secured against property. As the amount of a secured loan is generally higher than an unsecured loan, you will be required to sign a mortgage deed to provide the Lender with security over the money you have borrowed - just like your mortgage. The deed allows the lender to register a charge over your property. As many lenders relax the requirements of their lending criteria to provide lending facilities in a host of circumstances, security over the loan is very important.