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 Thank you. You do a great job with the least hassle. I intend to look to you for any future loan needs as well.
N. Bellinger, Manchester
It's amazing how fast and easy you've made the loan process. This was very quick, while remaining professional at the same time. I am impressed, thanks.
J. Williams, London
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What is secured loan?
Secured loan is a loan in which the borrower pledges asset (e.g. house, property, or car) as collateral for the loan. The loan is thus secured against the collateral in the event that the borrower defaults; the lender takes possession of the asset used as collateral and may sell it to regain the amount originally lent to the borrower.
From the creditor's perspective this is a category of loan in which a lender has been granted some rights to the specified property. The opposite of secured loan is unsecured loan, which is not connected to any specific asset (e.g. house, property, or car) and instead the creditor may satisfy the loan/debt against the borrower rather than just the borrower's collateral.
How can you find the best loan for each individual?
As we are brokers and not lenders we are not tied to any one source which allows
us the freedom to help find the best loan for your circumstances. It also means
we don't have to turn people down because of bad credit history problems. We have
lenders for virtually all circumstances and we give the same high level of service
whatever your background without asking intrusive questions.
Are my details safe?
Your details will be treated in confidence. We are registered with the Data Protection Act (1998).
We take responsibility that your data will not be shared with anyone other then people involved in your loan process.
How Much can I borrow?
Your borrowing typically depends on your requirements. However, you can borrow any amount from £15,000 to £250,000. In some cases you can even get loans in excess of 1 million but that depends on your credit rating, collateral etc.
However we encourage you to apply for any loan amount you want and we would like to assist you in anyway we can.
What fees will I have to pay?
We are here to help you in the best possible way we can. For a loan application, loan set-up, valuation and legal expenses you won't pay any fees at all.
If we have to make amendments to your loan application, you may incur some specific charges. However you would be told about those charges and you can then decide, if you want to move forward with the application.
How long will it take to process my loan?
Our aim is to process the loan as fast as possible. Normally the time from initial application to valuation, processing of all the paperwork and release of funds is 14 to 21 working days.
However it can be quicker sometimes and it can also take more then 21 days. It all depends on the complication of each application but you should except from 14 to 21 days for the funds to be released to your account.
What happens if I repay my loan early?
You're welcome to settle your loan in full before the end of the loan tenure. Your lender may, however, charge an early repayment fee. This information can be found in your loan agreement.
Your loan consultant will talk to you about this as the cost will vary according to the size and duration of your loan.
Please contact your loan lender, if you want to repay your loan early. Normally some portion of interest would be weaved, if you repay the loan early and you might have to pay some fee, which would depend on the size and duration of your loan.
What happens if I fall behind with my repayments?
All this information can be found in your loan agreement. If you fall behind with you repayments, please contact your lender and they would be able to help you properly.
Please think carefully before you get any loan, specially any loan secured against your property as your property may be repossessed, if you don’t keep up the repayments.
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