Secured loans - what they are and how
they work
A secured loan is a loan that is secured against
the value of your property. Because of this security, you
could benefit from better rates, and an increased choice of
repayment plans. Also because you repay over a longer period,
your monthly repayments could be lower, helping you get back
on track with your finances.
Risk Statement
Think carefully before securing other debts
against your home. Your home may be repossessed if you do
not keep up repayments on your mortgage.
Customers with previous credit problems
We have already helped thousands of customers
who have experienced credit problems in the past. So you really
don't have to worry if any of the following applies to you:
CCJs - Most banks automatically
refuse customers with previous CCJ's but NOT US! We have loan
plans to fit most situations subject to your ability to repay
our loan, and you could use a loan to wipe the slate clean
and get yourself back on track.
No equity or negative equity - You can take
advantage of our loans even if you have little or no equity
in your home. Many of our plans allow you to borrow up to
110%, 115% or even 125% of your property value and still take
advantage of some of the very best rates available.
Mortgage arrears - Unlike most banks, we
do not rely on rigid computer programmes to asses your application,
and therefore we could still help even if you have fallen
behind with mortgage payments or had problems in the past.
No proof of income - More and more people
work for themselves or are unable to prove their income, as
they undertake contract or season work. But don't worry -
we treat each client as an individual. As long as we are sure
you can afford our loan, you will find that we are much more
flexible as we look at your application on an individual basis.
Customers planning to move house
You can still apply for a Loan, even if you're
planning on moving house in the future. When you move you
simply have two options:
1. Pay off your loan with the money you get
from the sale of your house
OR
2. Transfer your loan to your new property (subject
to your chosen lenders terms)
Loan amounts available to you
Loan amounts of £7,500 to £250,000
are available for any purpose, but of course, we judge each
applicant on their individual circumstances and ability to
repay the loan. For more information call one of our dedicated
loan advisors who will be happy to help.
Repayment options available to you
Repayment terms
Your repayment period will depend in the amount
you borrow and your personal circumstances. You can also choose
between a loan where the rate changes in line with the general
level of interest rates or one where you can fix your monthly
payments for an initial period of the loan. Don't worry if
all this sounds a bit complicated, or you don't know which
you want, we will help you to find the most appropriate loan
for you.
Early repayment
There's no need to worry about the commitment
of taking out a loan. If you're circumstances change, 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 Guide which will explain the procedure in detail.
Protecting your repayments
We will search all of our different lenders
to find the right loan for you. Each of our different lenders
also offer a range of payment protection plans. Some of the
benefits they include are:
Involuntary unemployment cover
Hospitalisation cover
Accident and sickness cover
Disability cover
Apply online for a credit loan and you could have the money
in 14 days! You are under no obligation, you can cancel at
any time up to completion and you won't have to pay any upfront
fees.
Remember to fill in all of the boxes or we may
not be able to process your enquiry.
