What is the difference between a secured loan and an unsecured loan?
The obvious difference of course is that a secured loan is secured on
property and an unsecured loan is not, however please also note :-
A secured loan is much easier to obtain especially with adverse credit
history.
For Homeowners an unsecured loan is just as "risky" as a secured
loan should you default on payments, the reason for this is lenders know
that the best way to get an unsecured loan repaid is to apply to the court
to apply a charge to the property - effectively making an unsecured loan
into a secured loan on your property.
Interest rates for secured loans are generally much cheaper.
Should you fall into arrears on a secured loan lenders are less likely
to take immediate drastic action against you as they have security on
the loan.
Secured loans take longer to process than unsecured loans, however due
to the much cheaper interest rates on secured loans it is worth the wait!
If you have adverse credit history or a poor credit score then the chances
of us arranging an unsecured loan are slim, in addition when we are successful
in placing unsecured loans for clients with poor credit ratings the interest
rates on these loans are prohibitive for most.
We can provide low cost personal loans,home loans or consolidation loans
arranged quickly,easily and confidentially by post. -no salesman will
call - and no up front fees on any of our loan packages. Affiliated to
the largest loan finance brokerage in the UK, est 1983 (Licensed credit
brokers for authorised banks fully observing the industry standard association
code of conduct) enabling you to enjoy complete peace of mind when applying
for a loan.
If I decide to repay loan early are
there any penalties on early loan settlement?
No, none of our loan plans carry loan interest penalties
for early settlement, repayment figures for loans are carried out in accordance
with consumer credit act guidelines for loan settlements.
Which lenders do you use for loans?
We have access to over 400 lenders in the U.K., far too
many to list. When we recieve an online loan application we carry out
credit searches/land searches and match your credit score and circumstances
to the loan provider giving you the best possible loan rate. we then get
immediate approval on your loan application as all searches have been
carried out.
We can provide low cost personal loans,home loans or consolidation loans,
all loans arranged quickly,easily and confidentially by post. -no salesman
will call - and no up front fees on any of our loan packages. Affiliated
to the largest loan finance brokerage in the UK, est 1983 (Licensed credit
brokers for authorised banks fully observing the industry standard association
code of conduct regarding loans and credit) enabling you to enjoy complete
peace of mind when applying for a loan
What a.p.r. will I pay on my loan?
The a.p.r. on loans depends on your credit score, circumstances and the
lender, after we recieve your online loan application we will contact
you (usually within 24 hours) with full details of a.p.r. and repayments
before you decide to proceed with loan application.
Do you offer loans for any purpose?
Yes we can offer loans for any purpose whatsoever including - home improvement
loans, debt consolidation loans,car loans, student fees loans, business
start up loans, bridging loans etc.
If I complete online loan application am I under any
obligation?
None whatsoever, by completing online loan application you are providing
us with the information required to obtain a loan offer, loan agreed in
principle, from over 400 lenders, when we contact you with loan details
you can decide whether or not to proceed with loan application at that
stage, if you wish to proceed with loan we then dispatch loan application
forms to you.
We can provide low cost personal loans,home loans or consolidation loans,
all loans arranged quickly,easily and confidentially by post. -no salesman
will call - and no up front fees on any of our loan packages. Affiliated
to the largest loan finance brokerage in the UK, est 1983 (Licensed credit
brokers for authorised banks fully observing the industry standard association
code of conduct regarding loans and credit) enabling you to enjoy complete
peace of mind when applying for a loan.
If you feel
we have not dealt with your question on our loan F.A.Q.'s pages please
feel free to email us with details and we would be happy to include any
relevant questions in these pages.
Questions on all aspects of loans, mortgages, finance and credit related
topics only please.
We can provide low cost personal loans,home loans or consolidation loans,
all loans arranged quickly,easily and confidentially by post. -no salesman
will call - and no up front fees on any of our loan packages. Affiliated
to the largest loan finance brokerage in the UK, est 1983 (Licensed credit
brokers for authorised banks fully observing the industry standard association
code of conduct regarding loans and credit) enabling you to enjoy complete
peace of mind when applying for a loan.
If you have any problems/queries please e-mail us at
YOUR HOME
IS AR RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN
SECURED ON IT ALL LOANS ARE SUBJECT TO STATUS. SECURED LOANS SECURED ON
PROPERTY
