Practical - Attainable - Viable
Below we've answered some of our most frequently asked questions
How much you can borrow will depend on a number of factors and your advisor will be able to provide you with an exact quote. Home improvement loans can be arranged from £5,000 – £2,000,000 and be repaid over 3 – 30 years. Secured home improvement loans are for homeowners only and are suitable if you wish to borrow a larger amount against your home over a longer period of time. Loans can be arranged up to 95% loan to value and 100% LTV in some circumstances. Home improvement loans can also be secured against BTL property for landlords who wish to raise additonal funds against their property investments.
In most cases you will need to show the lender adequate proof of income. Proof may be SA 302 documents from HMRC or business accounts. Each lender will have their own requirements and an advisor will be able to advise you on what is required.
Yes. If you are a landlord and have a buy to let investment then we can arranged secured loans against buy to let property. The loan funds can then be used for any legal purpose such as debt consolidation, home improvement or to buy further BTL properties. Loans can be arranged on both a first and second charge basis from 85% loan to value and can be repaid over the long term.
Yes. There are plenty of lenders on our panel that offer loans for self employed people. This also includes contractors, company directors and new business owners. Each lender will have their own income proof requirements and our advisors will be able to advise you on what is required as part of the applicant process.
Yes. There are a range of lenders who will accept applicants with adverse credit credit issues. This may include CCJ’s, defaults or previous missed payments. Some lenders will also accept applicants who have previously been bankrupt. The advisor will be able to present a range of options and lenders that match your needs and credit rating.
With a debt consolidation loan any type of debt or credit committment can be consolidated. This may include credit cards, overdrafts, store cards or previous loans. The new loan is simply used to pay off your debts so that you have an easier to manage loan and only one repayment to manage each month.
Yes, there are a selection of lenders and products that are suitable for landlords who have some bad credit. Examples include CCJ’s, defaults and missed payments. Loans can also be considered for bankrupts. The interest rates on these products are higher as you may expect. Request a quote for a detailed example of what is available for you.
Yes secured loans are available against HMO’s, multi let properties and student lets.
How much you can borrow will depend on your personal circumstances and how much equity you have without your buy to let. Max loan to value is 75% for a BTL. Request a quote here on the page and one of our brokers will contact you provide an accurate quote. For a quick estimate of costs and repayment amounts you can use this calculator.