What is the difference between an unsecured loan and a secured loan ?
An unsecured loan is not secured on any asset and is therefore available to both homeowners, tenants and applicants who live with relatives. No security is required for an unsecured loan. Unsecured loans are typically slightly more difficult to obtain than a secured loan however we can offer unsecured loans up to £15000 for homeowners and up to £5000 for non-homeowners. |
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What is a Debt Management Plan?
A Debt Management Plan is a single payment made monthly to cover all of your unsecured debts. The payment is split equally between all of your creditors and usually we will arrange for the interest to be frozen or significantly reduced. We use our extensive experience in the industry to negotiate the best repayment for you to ensure a stress free financial future. |
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What is the difference between and unsecured loan and a homeowner loan ?
A homeowner loan is secured on your property and is only available to homeowners who already have a mortgage in place. As security is being provided to the lender a lower interest rate is usually available and the term can be extended allowing you to benefit from reduced monthly repayments.
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How quickly can my bridging loan be arranged ?
Usually it takes between 1 and 2 weeks to arrange your bridging loan however in certain circumstances we can complete a facility in as little as 3 days.
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