Questions & Answers
All your secured homeowner loan questions answered - if you have anything more
specific you need to know, please do not hesitate to contact us.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME - YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENT ON A MORTGAGE OR ANY OTHER DEBT
SECURED ON IT ...
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How Much Can I Borrow ?
This will depend upon your income and the amount of equity within
your property. Some plans enable you to borrow up to 125% of your property
value. Loan amounts are available from £5,000 to any amount.
What If I Have CCJ's ... Defaults ... Arrears ?
There are many lenders on the panel offering a diverse range of
plans. This enables our advisors to arrange finance for people in some of the
most difficult financial circumstances.
Over What Period Of Time Can I
Spread My Loan ?
This is usually entirely up to you. Generally loans are available
from 3 - 30 years.
Is The Application Confidential ?
Absolutely - your loan application is treated in the strictest
confidence. Our advisors will not contact your employers, bank or any other
third party without your prior permission.
Are Any Restrictions Placed On How I Spend The Money ?
No - but you can usually utilise the money for almost any
purpose. Perhaps you want to pay off all your higher rate credit leaving you
with just one manageable monthly payment. Alternatively, you may wish to carry
out home improvements, purchase a car, caravan, boat, conservatory or perhaps
take a long and well deserved holiday - wherever possible the money is yours to
spend as you wish.
What If I Want To Settle The Loan Early ?
Loans of up to £25,000 are governed by the Consumer Credit Act
and a rebate will be given in accordance with the Consumer Credit (Early
Settlement) Regulations 2004 - the calculation varies between lenders for loans
in excess of £25,000. Your dedicated Underwriter will be happy to discuss early
settlement with you once a lender has been selected.
What If I Want To Move House ?
Simply pay the outstanding loan balance from the proceeds of the
sale or alternatively we may be able to transfer the loan to your new property.
Can I Borrow More In The Future ?
Simply telephone our office and we will gladly supply you with a
quotation for a further advance.
How Long Will The Loan Take To Arrange ?
The whole process usually takes 2 - 4 weeks dependent upon a
number of factors including how quickly you can supply the documentation
required to complete your loan.
What If My Circumstances Change / What If I have Other
Questions ?
As a customer, you are never left without good advice. You can
speak to trained staff who draw on extensive experience of helping homeowners
like yourself. So you may rely on prompt and sensitive help.
Is It Safe To Apply Online ?
It is extremely safe to apply on-line at our sponsors site, your
details cannot be viewed by any unauthorised third party.
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