When you need to borrow a larger sum of money, or wish to spread it over a term of more than 5 years, some loan avenues may not be an option.
However if you are a homeowner or pay any mortgage at First Choice Finance, we can look to match you up with the most suitable secured loan.
To get a secured loan firstly you need to have a property that you own or pay a mortgage on, this can be where you live or a buy to let property.
The second thing you need is some equity in that property.
The difference between the value of the property you own and the amount you have left on your mortgage on it is the equity.
Some secured lenders allow you to go up to 95% of your equity through a secured loan.
The loans are secured on your home much like a mortgage and therefore lenders have more security on the funds they have lent to you.
This means that there are secured loan plans for people with defaults, county court judgements or even mortgage arrears.
The amount you can borrow and the rate you will get are a function of the amount of equity you have and your individual credit history.
Also you will of course need to be able to have enough income to pay the loan along with your other bills.
First Choice will be able to tell you if we can help you get a secured loan, how much it will cost and what rate it is at. All quotations will be provided for free and without obligation.
So discover more about getting a secured loan by visiting firstchoicefinance.co.uk or by calling us from a landline on 0800 298 3000 and from a mobile use 0333 003 1505.
Unsecured Personal Loans
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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. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
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.