F.A.Q for secured Homeowner Loans.

Q : How much can I borrow?
A: Depending on your personal circumstances you can borrow any amount from £5,000 to £100,000 as a secured loan.

Q: What can I use the loan for?
A: You can use your loan for any (legal) purpose e.g. a holiday, car purchase or debt consolidation etc.

Q: How long can I take to repay the loan?
A:Generally depending on your circumstances you can select any repayment term between 3 and 25 years for a secured loan.

Q: Can I insure my loan repayments?
A: Optional insurance schemes are available to cover your monthly payments if you are unable to work due to accident, sickness or unemployment.

Q: What is a second charge?
A: Secured loans are secured against your property which already has a mortgage on it - so, the mortgage is the first charge and the loan is the second charge.

Q: Can I have a fixed rate loan?
A: Yes, you can. We have access to a number of lenders who allows you to choose a fixed or variable rate.

Q: Do I have to pay any upfront fees?
A: We do not charge any upfront fees, however some lenders do charge an arrangement fee which is typically included in the loan. These fees can range from 2.5% to 10% of the loan amount.

Q: How long will it take to process my application?
A: Once you have submitted the application form, you will be contacted by our lenders, who will discuss the best option for you, if aggreeable You will have to complete and sign some loan documentation and once you have returned it for processing your secured loan application should complete within 7 to 10 working days.