Long Term Loans

First Choice Finance is an established loan and mortgage business with 25 years longevity in arranging long term loans across the UK. Larger loans such as bigger personal loans, secured homeowner loans and second mortgages are designed to be paid over a longer period of time to help keep them affordable. The loan amounts available range from £5,000 to £150,000. Many of them offer early repayment options. (Note: These long term loans should not be used for bridging finance or other short term finance, e.g. for less than 12 months). If you are looking to borrow smaller sums of money of below £10,000 and are only wanting to pay the money back over a few years then you may first want to try and arrange an unsecured personal loan. Please tell our loan team whether you would prefer to look at unsecured loan routes or our secured loan panel of lenders for your long term loan.

Because secured loans or remortgages are usually for larger amounts than you can usually get through unsecured personal loans, credit cards or other short term finance it can be helpful to extend the loan term reducing your monthly repayments, although this will increase the interest cost of the loan over the duration. So we will work with you to aim for a balanced scenario where you only borrow the amount you need and spread the payments over a term that keeps the overall to be paid back sensible, but where the monthly repayments are affordable for you. To see if we can help and get a free personal quotation for your specific requirements call our UK consumer loan team on 0800 298 3000 (or if on a mobile dial 0333 003 1505), alternatively please fill in our short on line enquiry form Please note: These long term loans can be used for virtually any purpose.

Debt Consolidation Over A Longer Term

If you have built up some short term debts such as payday loans, credit cards, personal loans etc. then you could use First Choice Finance to find a long term debt consolidation loan, please feel free to visit our debt consolidation calculator and compare how the cost of the different options work out. By having the loan over a longer term you are able to reduce your monthly repayments and simplify your outgoings by combining all your debt payments into just the one payment, the longer the term of the loan the lower the monthly payments, although this will result in more interest paid over the loan term

Longer Terms Loan Calculator

Use our free online calculator to figure out the impact of rates and terms on loan amounts. Whether you are looking for a long term loan or a short term personal loan enter your loan amount, interest rate and the loan term you wish to base it over and see how much the loan will cost you for a month.

A £30,000 loan low rate loan arranged by us at 7.1 APRC over 15 years will cost you £243 pcm for first 24 months then £240 a month for 156 months, total payable £46,440 including advice, arrangement and lender fees of £3420 total.

Bad Credit Loans

If you a bad credit rating First Choice finance could still help, if you have missed mortgage payments, have CCJ`s of your credit file, missed payments of current credit cards or personal loans, or other negative marks on your credit profile, First Choice Finance could still help as a leading UK Finance Broker we have an large panel of lenders for loans and mortgages and will search our panel of bad credit secured loans to find a plan that best suits your unique circumstances, due to our experience in the loan sector our underwriters will be happy to try and answer any questions you may have.

Long Term Debt Consolidation Loans

Outstanding consumer credit borrowing continues to grow, so people could do well from looking into long term debt consolidation loans in order to bring their spending under control. Credit Action stats show that unsecured lending grew by £1 billion between July 2012 & July 2013, with each person having more than £3,000 owing on things like credit cards, finance deals & overdrafts.

As long as you can afford to pay off these kinds of debts, it`s OK, but if you find that they`re building & you don`t have an idea about how you`re going to rein in your finances, a longer term debt consolidation loan could be the answer.

These work by using the equity that`s built up in your property to form a new, homeowner secured loan which is used to pay off all your unsecured debts & which can be spread over 3 to 25 years to suit your budget. That way, you`re left with a single manageable repayment to make each month, although you may find that overall interest paid back may be higher due to the longer term nature of the agreement.

At First Choice Finance, we can help you to get a loan to consolidate your debts & get back on top of your finances even if you have been declined finance elsewhere. We`ll scour our loan products to match you up to a deal. Discover more about long term debt consolidation loans by enquiring on line at firstchoicefinance.co.uk or by calling us on our mobile friendly 0333 003 1505 or from a l&line on 0800 298 3000.

Long Term Secured Loans

A secured loan is designed for larger loan amounts to be repaid over longer period of times, secured loans commonly range between £10,000 & £100,000 & can be used for almost any purpose, regular uses include home improvements, debt consolidation, vehicle purchase as well as many other different reasons.

Consolidate Your Debts - Many of us have fallen into the trap of short term finance such as payday loans & credit cards, although these debts can start of small many of us continue borrowing only repaying the minimum amount, this results in debt repayments that could last indefinitely. Consolidating all your debts into one larger loan that can be repaid over a longer period of time means that you are given a definite date for when the debt will be cleared & allow you to manage your monthly budget.

As a secured loan broker with 25 years experience First Choice Finance give you access to numerous lenders, to help find a loan plan best suited to your requirements, we also have a number of unsecured personal loan options that are available giving you another option. Personal loan terms range between 3 years up to 10 years, again allowing you to spread your payments to suit your requirements.

Remortgaging
As well as secured loans First Choice Finance offer mortgages & remortgages. Remortgaging can also be used to finance larger amounts over long periods of time. Whatever your circumstances, when you enquire via our website your enquiry will be processed by our experienced finance professionals while your secured loan application will be h&led by a qualified mortgage adviser who has a detailed knowledge of secured loans as well as the remortgage plans available.

Everyone has their own dreams, First Choice can help you finance these dreams & spread the payments over a longer period of time. We are finance experts, together with you, we always put together a unique & transparent financing package thats tailored to your exact needs whether it be a secured homeowner loan or a re mortgage. Make your dream a reality with help from First Choice Finance. We give our clients quick access, & a personal conversation with a qualified mortgage advisor, ensuring transparency throughout the loan or mortgage process, giving you clear, understandable communication. We are your reliable partner in all aspects of finance.

As financial professionals & with over 25 years of experience we have some the best contacts for loans & mortgage plans, from low cost deals to finance plans that can help people who may have had difficulty getting a loan or mortgage in the past. With a wide panel of lender, we are often able to help even the most difficult cases, we have helped thousands of customers already. We do everything we can to make your funding request possible. This is done through sustainable credit processing & the consistent use of our expertise & knowledge of arranging long term finance.

Here Are Some Highlights Of Our Loan Company Process:
The entire process begins with an in principle decision without any initial costs.
-Special loans for homeowners up to £100,000
-can be used for the debt restructuring
-Loan & mortgages available for people with poor credit, CCJ`s & defaults
-Mortgages available up to £1,000,000
-Personal loans up-to £15,000
-Terms up to 25 years

We are often even able to help if other banks or lenders have already rejected an application for finance

Even if you are already talking to another finance company we are still able to look at your situation & may be able to give you an alternative loan or mortgage option.

Enquire online for a free non binding quote.