Take Out A Joint Loan With Your Partner, Relative Or Friend. Debt Consolidation / Any Other Purpose Couples Loans. Homeowner Joint Loan Rates Start At Just 5.3% APRC. Affordable Combined Loans from £3,000 - £250,000.
If you would like to make a joint purchase, embark on a project or deal with some debts alongside your partner, spouse or a relative but don`t have enough savings then a joint loan through First Choice Finance could be the answer for you. A joint loan may allow you to borrow more money than you would alone and could help you afford to finance your project or get on top of your debts together. Joint loans and mortgages can be made available for both homeowners and tenants. Whether you have good or bad credit our UK joint loan lenders may have just the right loan for you. Many couples use joint loans to help repair bad credit or to carry out some debt consolidation - but the loans can be used for virtually any purpose and the rates are competitive.
If you are a couple, relatives or friends who are prepared to join forces, then you could benefit from a joint loan to take that holiday of your dreams, buy a new car or carry out home improvements / repairs. Call our UK team on freephone 0800 298 3000 or mobile friendly 0333 003 1505 to talk through your joint borrowing options confidentially - alternatively fill in our Combined Loan Enquiry form and we will get cracking on your any purpose couple / joint loan today. For homeowner loans our clients have obtained secured loans from just 5.3% to a maximum of 32.3% in cases with high levels of bad credit. Tenant loans and unsecured homeowner personal joint loans may be available on different terms - please ask our loan team if you would like these options.
Joint Borrowing To Consolidate Debts
You may have inadvertently built up credit cards, store cards and personal loans which are playing havoc with your family accounts and making it difficult to cover the household bills while keeping food on the table as well as keeping up the repayments. You are by no means alone in this scenario and refinancing your debts into one joint loan could help make your combined finances more easily manageable and give you some breathing room. By getting into a positive cash flow position it may reduce your stress levels and even allow for a few overdue treats such as nights out or a holiday.
Joint Loans Expertise
First Choice Finance has over 25 years of experience in matching our customers with the right loans for them and we have extensive knowledge of how joint loans are set up. Call our finance team to get the latest on joint loans. Our large panel of lenders gives us access to some of the most innovative and most recent products on the market allowing us to arrange for our customers a bespoke no obligation joint loan proposal which is based on your overall circumstances and requirements and includes payment arrangements to suit.
Guarantor Joint Loans
If one or both of you are not homeowners or property landlords then you may wish to consider a guarantor loan option. These range from £500 to £15,000 and entail one person taking out the loan but a guarantor supporting their application, agreeing to meet the repayments if they cannot. So it is important the two of you have a good relationship and agree to the responsibilities involved before taking any loan out together. You can find out more and enquire for guarantor joint loan services by looking at our Joint Guarantor Loans - which are unsecured.
Any Purpose Joint Loans
When we say any purpose loans the margins really are wide. The loan must though be for a legal purpose and be affordable, acceptance of the loan is based on your circumstances and affordability rather than your financial wishes. Time stands still for nobody and saving for the things you need and want can take a very long time when you have a family budget to consider so borrowing may be required, just ensure you borrow what you need and can afford. You might want to take your family on a well-deserved holiday before the kids get too old, maybe somewhere exotic and sun kissed, a joint loan can help send you on your way.
Your growing family may have the need for a new family vehicle, one with good safety features and room for a couple of kids, maybe you want to invest in a camper van or motor vehicle to take the family on extended trips to the UK or Europe, First Choice Finance joint loans help our customers achieve their financial dreams.
Home Improvement Joint Loans
If your home needs a little sprucing, maybe in the form of a new kitchen or bathroom, some landscaping in your outdoor areas or even an extension or a conservatory to help you better utilise your space then a joint loan could be just what you need. If you own the property and have equity then it makes sense to spend on your property to maximise its potential as a living space for you and your family to enjoy for years to come, we have years of experience in matching couples like you to the perfect joint homeowner loans so find out if we could help you today.
Yes joint loans can be taking out by multiple borrowers, the fact the loan is taken out my more than one borrower can have multiple advantages, firstly you should have multiple incomes this should make the loan easier to afford as well as possibly allowing you to increase the size of the loan. Joint loans can also help if one party has adverse credit, for a no obligation free quote please get in touch.
Can I Get A Joint Loan If We Are Not Married?
If you are unmarried then you could still qualify for a joint loan, it is important to note that both parties will be equally responsible to keep up the repayments and missed payments will affect the credit profiles of all the borrowers who are named on the loan agreement. When you are taking out a secured loan then both borrowers must be listed on the deed.
Joint Loans For People With Bad Credit
Borrowers with adverse credit may find it difficult arranging a loan through mainstream lenders. Because their past mistakes highlight their apparent unreliability when repaying money, many lenders will not take the risk and may refuse to lend to credit impaired applicants. If you take out a joint loan then you may find an increased chance of getting approved for a loan.
If you have been recently refused a loan it is important not to start applying to multiple lenders who may again refuse your application. By doing so you risk causing further damage to your credit rating.
No matter what your credit history is like, we welcome the opportunity to try and help you with your loan enquiry.
Joint Loan Lenders
First Choiec have direct access to numerous lenders offering a wide range of joint borrowing options, these include joint loans, joint mortgages as well as guarantor loans and springboard family mortgages. Contact us to receive a no obligation free quote.
Tuition fee Joint Loans
Another common reason for couple needing joint loans is to help their children with their tuition fees, it makes sense for a couple to want to jointly invest in the education of their children to help secure their future. Your child may have a talent which you want to be encouraged, perhaps there is a specialist school you would like to send them to which you don’t have enough in savings to pay for. Many parents whose children are going to university are all for the idea of them furthering their education but are uncomfortable with them being burdened with debt for most of their lives and understandably want to help out where they can. Or maybe your child want some industry specific training which is not included in the curriculum, First Choice Finance knows that you don’t want your children to suffer because you can’t afford the education you want them to have, we offer joint loans to homeowners who want to invest in their children’s future.
Our customers trust First Choice Finance to match them to the right loans for whatever purpose, if you would like to see how much you could borrow then get in touch with us today and speak to one of our loan team who will talk you through our lenders options and you could be on your way to realising your finance goals sooner than you think.
Homeowner Secured Loans
7.1% APRC Low Rate Loan.
Borrow £30,000 over 180 months.
24 payments of £243 at 5.25%
then 156 payments of £240
at 5.00% (variable). Total payable
£46,440 with a £2,975 intermediary
fee and £455 in lender fees.
Borrow 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.
Think Carefully Before
Securing Other Debts
Against Your Home.
Your Home May Be
Repossessed If You Do
Not Keep Up Repayments
On Your Mortgage.
Security Is Required On
Borrowing Is Subject To
Status & Affordability.
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.