WHY CHOOSE A SECURED LOAN?

WHO COULD BENEFIT FROM A SECURED LOAN?

We see a wide variety of potential secured loan clients on a daily basis, a typical client could fit in to one or more of the categories below:

  • Clients wishing to borrow up to £500,000
  • Client looking to consolidate all outstanding loans and credit cards in to one lower payment
  • Client looking to carry out home improvements
  • Clients looking to raise capital for their business
  • Clients looking to pay a tax bill
  • Clients who have had adverse credit currently or historically
  • Client looking to raise funds on a buy to let property

WHEN TO CONSIDER A SECURED LOAN?

A secured loan should be considered if you are in one or more of the following situations:

  • Wants to raise money quickly
  • Is on an excellent mortgage deal that could be lost by taking further funds with their existing lender
  • Is on an excellent mortgage deal that could be lost by taking further funds with their existing lender
  • Has high early redemption charges on their current mortgage
  • Is unable to get an unsecured loan
  • Has only been self employed for a short period of time
  • Has multiple jobs Income is either wholly made up or supplemented by benefits
  • Is in a debt management, trust deed or looking to exit a bankruptcy
  • Avoid ERC if currently in fixed rate
  • Avoid having to move the balance of your mortgage from interest only to capital and repayment
  • Avoid moving the balance from competitive tracker rates