- Borrowing Options For The Self-Employed and Contractors - First Choice Finance
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First Choice Finance - Mortgage BrokerCompare Home Owner Loans

Borrowing Options For The Self-Employed and Contractors

Borrowing Options For The Self-Employed and Contractors

Being Self Employed Should Not Stop You From Arranging Finance
A Selection Of Borrowing Options
Personal Loans / Secured Loans / Mortgage Plans


Video transcript

Self employed loans can prove to be difficult to come by, but First Choice Finance could help you to get hold of the money that you need, whether it`s for your business or personal use.

Independent finance provider Syscap has indicated that the number of official complaints made by small companies about loans and overdrafts increased by 17 per cent in 2012, with failure to renew deals or increasing fees being amongst the most common grievances.

Smaller firms have been hit particularly hard since the financial crash despite it being a while ago, as traditional lenders have tightened up their borrowing criteria, with the self-employed possibly facing additional difficulties getting the loans they require.

While the ability to choose when to work is an advantage of being a freelancer, traditional lenders don`t often see it that way, as it can raise doubts about the borrower`s ability to make repayments.

However, First Choice Finance can help those looking for self employed loans, as we are a broker that has access to an extensive selection of secured or unsecured loans for you to find a secured loan, personal loan or second mortgage that is suitable for your individual circumstances.

All you need to do is fill in a simple online form and one of our loan underwriters will seek out a deal that will be presented to you on a no-obligation basis, so you can decline the offer at no cost. If you`re happy with it though, the money will be arranged and transferred to you as promptly as possible.
Find out more about self employed loans that can be used for virtually any purpose by applying to us via firstchoicefinance.co.uk, calling 0800 298 3000 from a landline or 0333 003 1505 from a mobile.

Self Employed Loans Or Finance For Debt Help

Debt can build up in the background from credit cards, small loans, payday loans and overdrafts without us even realising it. Especially so perhaps if you are self employed or a new business starter or a contractor as you may be distracted from managing your own day to day finances because of the work needed to keep you self employed business going and making sure your employees are getting paid and your business can meet its bills. Take a look at our Self Employed Loan Options . Sole traders and limited company directors alike can need debt consolidation and there are many lending solutions out there that can enable you to borrow from £3,000 to £150,000 to get in control of your finances and ease your cash flow, so you can focus on running your business. Loans for the self employed can be unsecured or secured on property. Self employed unsecured loans tend to go up to around the £15,000 mark from our panel, secured self employed loans can go up to £150,000 subject to the equity you have available to provide loan security.

Homeowner Secured Loans
Rates From 7.1% APRC Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property. First Choice are tied to certain loan providers.

Mortgages & Remortgages
4.5% APRC
Representative Example: Borrow £80,000 over 25 years At 4.6% Variable, £461.95 for 300 months.
Total Payable £138,585. Total Cost Of Credit £58,585 (incl £1360 fee).

Unsecured Personal Loans
First Choice are tied to certain unsecured lenders.

Security is required on immovable property.

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home

First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.

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If you have a poor credit rating you may find it more difficult to find a loan here at First Choice Finance we have specialist lenders offering a range of poor credit loans so enquire online and speak to us we may be able to help even if you have been declined finance in the past.

Find a mortgage plan suited to your circumstances