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How to Find Your Lost Pension Fund

Take advantage of our free pension tracing service

Have you lost your pension and have lost track of your pension information? If so, dont worry as our pension experts can quickly find your pension investments with our free pension tracing service.

We’ll be able to quickly tell you what pension investments you have and how much they are worth.

Find your missing pension

How much is your lost pension worth?

It is estimated that in the UK there is over £4 Billion worth of unclaimed pension benefits from millions of people in the UK. Pension information and statements quickly become lost when people move home, emigate to a different country and change jobs they lose track of their pension entitlements in the process.

You’re not alone

It’s not uncommon and thousands of people lose track of their pension and retirement investments every year. We can quickly find any type of pension scheme including both work based pensions and personal pension schemes.

How can I find my lost pension fund?

We’ve made the process really simple. To get started simply complete the form below and our pension experts will quickly find your pension and provide you will all the details and information you need.

Name

Email

Telephone

Please provide any known information on your lost pension

House No

Street Name

Town

City

Country

Post code

You agree to be contacted by UK Financial Services to find you lost pension details

FAQ’s

Q: I am an expat currently living abroad can you still find my missing pension?
A: Yes, we can find missing pensions for expats and anyone with a UK pension fund who is now living overseas.

Q:How long does it take to find a missing or lost pension?
A: On average it may take few days depending on if you have one or more lost pension funds. We will be able to advise you on time scales and how long it will take depending on the information you provide us with.


Equity Release Solutions For Under 55’s

Equity-Release-Schemes

If you are under 55 and are looking to release equity from your home then there are a range of practical solutions that will enable you to release the money you need from your property without having to go down the traditional equity release route.

We’ve helped a wide range of people who fall below the threshold to qualify for regular equity release options. Whether you are in your 50’s, 40’s or 30’s we can still help without age any restriction.

What options do you have?

1. A secured loan: You can release equity from your home by means of a secured loan. This is an additonal loan on your propety that is paid off alongside your existing mortgage. You can find out more about secured loans and apply here.

2. A remortgage: You can re-mortgage your home to raise further funds and release further equity. You can find out more about mortgages and apply here.


Loans for people who have been refused credit

loans

If you have recently been refused for credit or a loan then we may be able to help. We know how frustrating it can be when you have gone to the trouble to make an application then only to be refused the loan you were hoping to get.

Lending Expert are independent loan brokers, this means we have access to a huge range of different lenders within the loans market. This enables us to go to any lender we wish to find you a suitable loan. If you have been refused a loan due to a low credit score, a bad credit history or CCJ’s, bankrupcy then we may find a solution with another more suitable lender.

We have a panel of approved lenders who lend money to those who have been refused a loan or credit elsewhere. After taking some initial application details we can then match your requirements to a suitable lender who we feel confident will accept your loan application.

If you are unsure of your options or if you have questions then please call us and we’ll be happy to explain everything and answer any questions you may have.

Apply for a loan below

You agree to our Terms and Conditions
Our advice is free and there is no obligation to proceed.

 

Further information

secured loans

We can provide loans for both the short and long term loans – from 3 – 25 years. Our brokers are able to provide you with quotes over different terms and can quickly compare all the loans on offer side-by-side. This means at a glance we can see which lenders are offering the best deals that meet your needs. Loans are available from £5,000 all the way to £500,000 plus.

We can provide loans for all types of reasons. Loans to consolidate existing debts, loans to make improvements to your home and loans for people who wish to use the money to buy a new car, pay for a wedding or any other type of expense.

We can provide loans for self employed people, those on benefits or those who are pensioners. We can also help those who struggle to prove their income or who are not in full time employment and have a regular income or salary.

Why have you been refused credit?

If you have been refused credit then the most likely cause is that you fall below the lenders criteria for the loan. This may be that your credit file shows a low score, missed payments or even CCJ’s – county court judgements from previous loans and credit. If may be deemed as to “high risk” for the lender who you applied to as some lenders will not lend to those who have a poor or adverse credit score.

It may also be that you have been unable to provide adequate documentation as part of the process or you are deemed not to be able to afford the repayments based upon your income and expenses.

Secured loans for people who are self employed

Pre qualification and credit check

When you apply for a loan with us we will request your permission to perform a credit check. This will enable our brokers to understand your credit score and apply to suitable lenders who are appropriate to your credit status. This gives us a high rate of success when it comes to ensuring your application for a loan is accepted. We also go through loan affordability to ensure that you are able to comfortably meet the loan repayments and qualify to meet the lenders criteria.

We only ever apply to lenders who we are confident will accept your loan application. We will tell you if we feel you are not suitable for the loan you require and will be able to advise you on any alternative borrowing options or lenders. Our advice and quotes are free and we only charge a fee upon the successful completion of your loan.

Secured Loans For Retired People, Over 60’s, 65 & 70

If you have retired or a pensioner over the age of 60, 65 or 70 and are no longer working then we can help you get a secured home loan. We have access to a range of lenders who give secured loans to people who are retired and of pension age. Want to get started then Appy Here.

loans for retired people

We can provide loans to people who are no longer working and have no proof of income apart from their pension or investment income. Whatever your age or employment status we have access to a panel of lenders who provide flexible loans to a wide range of people with varying circumstances.

Loans for all types of reasons

  • Loans to consolidate your existing debts and credit
  • Loans for home improvements and modfications such as a new kitchen or home extension
  • Loans to purchase a car, holiday or other luxuries.
  • Long term secured loans from 3 – 25 years are available.
  • Short term bridging loans
  • Loans are available for applicants with a adverse or bad credit rating and history

Simply contact us and speak to one of our brokers about what loan options are available to you.

Secured loans are easier to get

Are secured loans easy to get?

For some people secured loans are easier to obtain and be accepted for a loan when compared to applying for an unsecured personal loan. This is more true for loan applicants who have a poor credit rating/history or low credit score and are deemed to be a higher risk applicant.

secured loans

Lenders are more likely to borrow to someone who has a bad or adverse credit rating on a secured basis because the borrower is offering collateral (security) against the loan. This means that there is less risk involved to the lender because if the borrower fails to repay what they owe then they can repossess the property to repay the loan. The lender understands that no borrower would wish to lose their home and therefore they have a greater incentive to repay the loan, and are less likely to default on their repayments.

Borrower beware

It is important that the applicant understands that if they do not pay what they owe or if they fall behind with their loan payments then they are at a real risk of losing their home to the lender to repossess.

For people who have been refused an unsecured loan

Secured loans do however offer a lifeline for those who have been refused for an unsecured loan elsewhere. Secured loans can be used to consolidate more expensive debts and can be used to help repair or build up a bad credit score when used correctly and repayments are made on time.

Search for secured loans for debt consolidation reasons

Am I eligiable for a secured loan?

If you are looking to a secured loan then the best way to see if you can apply is to speak to one of our broker experts. They will quickly be able to assess your eligability for a loan and be able to get you a decision within minutes. You application will depend on your home equity, your credit rating and your ability to repay the loan and meet the monthly payments.

Should I get a secured loan?

For many people secured loans offer the chance to get a loan at a lower rate of interest than an unsecured loan. Also, with a secured loan you can borrow more and repay the loan back over a longer period of time when compared to an unsecured loan. With a secured loan there is more risk if you think you may not be able to repay the loan as your home could be repossessed if you fail to meet the terms of the loan.

How hard is it to get secured loan?

We make the process very simple and easy. We make the application to the lender upon your behalf and make sure that all the paper work is completed correctly and that the lender has everything they need for your application. Our brokers will guide you through the process step-by-step and are on hand to answer any questions along the way.

More affordable rates for those with poor credit rating

If you have a poor credit rating then you will find that you can obtain more favorable and lower rates of interest with secured loans when compared to an unsecured loan. A secured loan limits the risk to the lender and therefore can offer more attractive rates and deals.

Find secured loans for people with a bad credit history

To get a secured loan you need to be 21 or over and own your own home. There needs to be enough equity within the property to act as security and you need to be able to demonstrate then you can afford the repayments of the loan.

Secured loans against buy to let property and loans for self employed people.

Secured loans explained

Secured Loans Explained

If you have never had a secured loan then you may be wondering what they are all about. Here we’ll explain what a secured loan is and how they differ from other types of loans on offer.

A secured second charge loan

A secured loan is a loan that is secured against your property in the same way a mortgage is. It is a second charge loan. Therefore you need to be a homeowner and have some equity within your home to be able to secure the loan against. Most lenders require the borrower to be 21 years of age or older.

Larger loans than unsecured loans

Secured loans are generally larger loans from £5,000 all the way upto £500,000 and beyond. The size of the loan you can obtain really depends of how much equity you have within your home and how much you can afford to pay back. Some lenders also have limits on how much they are willing to lend, and each loan application is treated differently and is based upon personal criteria and credit rating.

Secured loans are also generally long term loans that are paid back over 5 – 25 years. Some lenders allow loans to be repaid longer than this.

Other useful articles and secured loans

Read: What is the difference between a secured and unsecured loan?

Read: How much can you borrow against your home?

Read: How does your credit rating affect your loan application?

Read: The secured loan application process and how to apply

What a secured loans used for?

Secured loans are popular for debt consolidation which means replacing your existing debts with a more affordable secured loan. Secured loans are popular for making home improvements such as new kitchen, bathrooms and home extensions.

Second loans can be taken out against buy to let property and are popular for landlords who wish to raise money against their investments without the need to remortgage.

If you have a bad credit history then you may find it easier to obtain a secured loan rather than an unsecured loan. This is because you have your home to offer as security against the loan and the lender will be more willing to lend to you. You may also be able to obtain more attractive and affordable rates of interest with a secured loan.

Secured loans are also used for those who need to borrow larger amounts of money and who wish to pay the loan back over the long term.

Other useful pages and articles

Visit: Secured Debt Consolidation Loans Visit: Secured Loans Buy to Let Property Visit: Secured Loans Bad Credit Visit: Secured Loans For Home Improvements Visit: Short Term Bridging Loans Visit: Secured Loans For The Self Employed

Using your home as security

It’s important to consider that like a mortgage, if you were to fail to maintain your loan repayments or pay back what you owe on the loan then you may be at risk of losing your home to repossession. In the event that you could not repay your loan then your home would be sold by the lender in order to pay back what you owe plus interest.

If you have any questions or require further information then please call us or complete our quote form and our brokers will be able to answer any further questions you may have.

Secured Loans For Pensioners – Over 60’s, 65’s & 70’s

If you are a homeowner pensioner or over the age of 60 and require a secured loan from £3,000 plus then please speak to us as we can help.

We are able to arrange loans based upon your pension (either state or private) income, self employment income and and other income generating investments such as stocks and shares and buy to let property.

We have a range of lenders who have a higher application age range and who are willing to borrow money to older people and applicants over the age of 60. Loan acceptance criteria is based upon affordability and the home equity to act as security against the loan.

To get started and to find out how much you can borrow simply complete the form below.

Request a call back & quote


You agree to our Terms and Conditions
Our advice is free and there is no obligation to proceed.

 

Benefits

  • No upfront fees.
  • Fast application turn around.
  • We handle the whole process from initial enquiry to dealing with lenders.
  • A wide range of lenders to choose from
  • Impartial and independent advice.

Our secured finance can be arranged for all types of purpose and reason such as debt consolidation loans, home improvement loans and we can also accept applicants who have a poor to bad credit rating.

If you a pensioner or over the age of 60 and require a loan please speak to a member of our team today to learn more about the lenders available to you.

Secured Loans Arranged FAST!

If you are in a hurry and require a loan quickly then we can help.

loans approved fast

Our secured loans Fast Track Application System means that we can arrange your loan much fast and quicker than through the normal loan application process.

If you inform us at the start that you need a fast loan then you will become a priority over other applications and we will start to work on finding you the best loan as fast as possible.

Our Fast Track Application Process

  • You let us know how quickly you require your loan.
  • Your loan application becomes a priority over others.
  • We quickly gather all the information we need from you to search for a suitable loan.
  • We present the best loan deals to you.
  • Upon making a decision we then submit your application to the lender quickly.

Please be prepared so we can move quickly with your application

If you require a loan quickly then please be prepared with all the following information we will require:

  • Your full contact information including information for any joint applicants.
  • Details of your current income and employment, debts and secured or unsecured loans.
  • Details of your credit history and file such as missed payments and CCJ’s within the last 12 months
  • Information on the purpose of the loan and how much you require.
  • Information on your home such as present estimated value, mortgage balance, and your mortgage term.

With our fast track system we can not guarantee that we will be able to provide you with a loan within the exact time frame that you require it. However we promise to do our best and to ensure it receives priority over other applicants who are not in a hurry for their loan to complete.

We also have no influence over how long a lender may take to consider your application or release funds to you. The final decision with regards to providing you with a loan is with the lender.

Simply complete the form below and a member of the team will call you back asap within office hours.

If you would prefer to speak with someone then please call us on: 0161 731 0093


Request a call back & quote


You agree to our Terms and Conditions
Our advice is free and there is no obligation to proceed.

 

 

How does my credit rating effect my loan application?

If you are worried about your credit rating or that you are wondering how much effect it has on being approved and obtaining a loan then you should read on.

get an secured approved loan

How important is it and how does it effect my chances of getting a credit?

Your credit rating, score and past history is very important and is a “score” that is based upon your credit worthiness and your ability to repay credit you have taken out in the past.

Your credit score is what lenders use to see if you are a “safe bet” and competent at handling your finances correctly.

How does my credit score effect my chances of obtaining a loan?

Your credit score has a big effect on your chances of obtaining a loan or any type of finance such as a mortgage, credit card, overdraft or car loan.

The better your score then the more likely you will be approved for credit now and in the future.

Poor, bad or adverse credit history

Every lender has their own lending criteria and different appetites to risk. The poorer you credit score and credit history then you are seen as a riskier applicant to offer a loan to. The lender sees it that going by your previous history of credit you’re most likely to default on payments in the future. This will make any lender cautious of lending money to you.

The lender would be worried that you will not pay back what is owed or default on payments. This is because the lender can see from your credit file that you have miss-managed your finances and loans in the past.

A bad credit history could result in you either being denined a loan, or being offered a loan that is charged at a higher rate of interest to compensate the lender for taking on a high risk applicant/customer.

Apply here for a bad credit secured loan

A good or excellent credit history

good credit loans

If you have a good history of credit and made payments on time then you have demonstrated that you are competent to manage your finances correctly and will be rewarded with a good or excellent credit score.

An applicant with a good or excellent score is mostly likely to be rewarded with cheaper rates of interest and loans from the main stream lenders and banks.

A good credit score gives you more choice of lenders and cheaper rates of interest. With this is mind it pays to manage your finances correctly or be punished with higher interest changes when you apply for your next loan, bank account or credit card.

Apply for a loan with a good credit rating

What is a good credit score and what is bad/poor?

You can find out more detail on your credit score my signing up to one of the many credit check websites that provide you with detailed information on your credit history.

When you allow us to search for a loan we will also be able to present to you loan offers that are based upon your credit score, historty and file. This means we only present the best deals based upon your criteria and loan affordability.

What are the credit scores – what is the range – and what do they mean?

The credit score ranges from the low 300’s and mid 800’s.

Excellent & Good Credit Score: Your score will be in the range of 715 and upwards of this figure.

Average Credit Score: Your score will be in the range of 610 and 714.

Poor Credit Score: Your score will be in the range of 570 and 609.

Bad credit score: Your score would be in the region of 500 to 569.

If you have a score that is below 500 then you’re really going to struggle to get any type of loan or you’ll have to pay very hight rates of interest.

The higher your credit score the better

In summary the higher you score the better and the less interest you’ll have to pay on any loan.

If you need a loan then please speak to us and we’ll find you the best loans based upon your credit file for both applicants with a good and poor credit history.

Other related articles

Loft Conversion Loans & Finance

Loans for loft and attic conversion

If you have been considering converting your loft into a practical and useable space then we can help finance the project with a secured home loan.

We can provide loft and attic renovation loans from £5,000 to £50,000 plus that are payable from 3 to 25 years.

What can a loft conversion loan be used for?

The proceeds of your loan can be used for any planning, design and building costs associated with your loft project. This includes all the electrics, heating, lighting, windows, stairs and everything you require to successfully convert your loft into a useable living space.

What loan information can you provide me with?

  • We’ll be able to show you all the lenders who are willing to lend to you given your loan criteria.
  • The maximum amount of loan you can obtain.
  • Show you how much the monthly repayments will be.
  • What the loan APR (annual percentage rate) is.
  • Show you how the monthly payment amounts will change depending on how long you wish to pay the loan back (the term).

What is the application process to obtain a loan?

As independent loan brokers this means we have access to a wide range of lenders on the market. We will need to speak to you to obtain some basic information on your loan requirements and how much you wish to borrow to complete the renovation project.

With this information we are then able to search all the lenders to find you the best deal that suits your particular needs.

New Conservatory Loans & Finance

Conservatory loans

If you need a loan to either buy a new or to replace an existing conservatory we can help. We can arrange the finance for your new conservatory quickly from our panel of approved lenders.

We can arrange conservatory loans from £5,000 to £50,000 plus repaid over 3 to 25 years.

What can a conservatory loan be used for?

  • Any planning and initial design costs of your new conservatory
  • All labour and materials cost
  • The cost of the conservatory itself including all windows, doors and the roof.
  • All flooring costs and any costs associated with decoration and soft furnishings.

The proceeds from your loan can be used for any purpose in relation to the design, build and furnishing of your new conservatory.

What loan information can you provide me with?

  • We’ll be able to show you all the lenders who are willing to lend to you given your loan criteria.
  • The maximum amount of loan you can obtain.
  • Show you how much the monthly repayments will be.
  • What the loan APR (annual percentage rate) is.
  • Show you how the monthly payment amounts will change depending on how long you wish to pay the loan back (the term).

A secured home loan

Your conservatory loan will be secured against your home by way of a second charge home loan. Loans can be payable over 3 to 25 years and are available for those with a good and poor credit rating.

How can I apply?

The loan application is straightforward. Firstly please contact our secured loan brokers to discuss your requirements and how much you wish to borrow. We will ask you some questions that will enable us to search the loans market place to find you a deal based upon your criteria.

We will then assist you throughout the whole loan application stage through to a successful completion and the funds have been sent to your bank account.

Home Extension Loans & Finance

If you are planning a home extension or any home improvement building works then we can help you finance the project with a secured home loan.

Home extension loans

We can provide home extension loans quickly from £5,000 to £150,000 plus repayable over 3 to 25 years.

Your loan amount can be advanced in full prior to the start of your build to pay for initial planning costs and deposits for materials and labour.

What can a home extension loan be used for?

  • Planning costs and any architectural or project management costs
  • All building works including electrics, plumbing, and works for both external and internal building works
  • New kitchen materials and all labour costs
  • New bathroom materials and all labour costs
  • Any external garden or landscaping costs
  • Any costs for the connection of electric, gas, telephone or mains water supply
  • All decoration costs for both materials and labour
  • Any cost for furniture and room decoration such as carpets, tables and chairs and soft furnishings
The loan amount can be used for any purpose regards your home extension project.

What loan information can you provide me with?

  • We’ll be able to show you all the lenders who are willing to lend to you given your loan criteria.
  • The maximum amount of loan you can obtain.
  • Show you how much the monthly repayments will be.
  • What the loan APR (annual percentage rate) is.
  • Show you how the monthly payment amounts will change depending on how long you wish to pay the loan back (the term).

Who can apply for a home extension loan?

Any homeowner who is over the age of 21 can apply with us for a home extension loan. We search the whole secured loans market place to find you the best deals at the most affordable rates.

We can arrange loans for those with both a good and poor credit rating.

What is the loan application process?

Secured loans for home extension

Firstly we would need to speak to you to obtain the size of the loan you require. We would then ask you some brief questions about your income and expenses, your home equity and your credit rating.

Using this information would search the home loan market place to find you a loan deal from a range of different lenders. See further information on the loan application process here

.

A secured home loan

Your loan would be secured against your property by way of a second charge loan. The amount you can borrow will depend on affordabilty (your ability to repay the loan) and how much home equity you have in your property to act as security for the loan.

We will be able to tell you the maximum amount you can borrow based upon your personal circumstances.

Cheap Wedding Day Loans

Congratulations you’re getting married!

Wedding day image

Do you need a loan to fund the special day? This is no problem, we can arrange a affordable wedding day loan quickly via our panel of approved lenders.

Making the big day special is important and we know how difficult it can be to save up to pay for the complete costs of getting married.

Whether you need a loan to pay for the complete cost of your wedding or to simply help you meet your savings target we can help bridge the shortfall.

We can quickly arrange wedding day loans from £5,000 to £100,000 plus in a matter of weeks.

What can a wedding day loan be used for?

A wedding day loan can be used for any purpose beyond expenses on the day, such as buying:

  • The wedding dress
  • The wedding cake
  • The wedding flowers
  • The wedding photographer, albums and pictures
  • The engagement and wedding rings
  • The venue, food, music and wedding entertainment
  • The stag and hen do
  • The honeymoon or wedding holiday costs
  • The wedding cars, suits, dresses and any other associated costs

In fact your loan can be used for any purpose associated with your wedding costs and overall expenses.

Secure your perfect venue today and get your loan in advance of getting married

You may need your wedding loan for upto 12 months inadvance of getting married to pay for expenses such as booking your venue in advance, your honeymoon deposit or arranging suit hire etc. This is no problem either. You just need to let us know how quickly you need the money and we will arrange the rest in time to make your arrangements and pay for your costs in time.

Your wedding day budget

wedding day loans

Take some time to consider how much your budget is and plan for a contingency fund for unforseen costs. Once you have a figure in mind then contact us to find out how much you’ll be able to borrow for your wedding.

If you have savings then you may not need to borrow the full amount, and only may need to “top up” your savings.


Pay back your loan over the medium to long term

We can provide loans to meet any budget – loans are secured against your home and can be paid back over 3 – 25 years. Wedding loans can be arranged quickly for those with a good and poor credit rating.

Loan eligability depends on your home equity, affordability and your credit rating status. To find out exactly how much you can borrow speak to one of our brokers, obtain a quote – our advice is free and there is no obligation to proceed with an application.

How to make a secured loan application

So you’re ready to make a secured loan application and to proceed with getting a loan?

If you haven’t done so already then I recommend that you speak to one of our brokers. They will ask you some straight forward questions that will help them to build up a picture of your loan requirements.

By using the information you give us our brokers, we can then search all the market lenders and find you a loan that matches your criteria. Your broker will then be able to show you a list of lenders that are in principle able to offer you a loan that meets your needs.

It’s important to note that the search we carry out is only a “soft search” and will leave no credit footprint on your file. Therefore it does no harm to carry out a loan search to see what options are available.

How does the loan application work – and how long does it take?

We take care of the application and deal direct with the lender upon your behalf. This involves all correspondence, calls and dealing with any issues that may evolve throughout the application stage. See this article below to learn more about the process in detail.

A guide on how to apply for a secured loan

Upon completion of the loan the funds are generally transfered to your account within 48 hours or less.

The main stages of the application

  • Speak to us or complete our quote form
  • A broker will speak to you to obtain details on the type of loan you require
  • The broker will take some details on yourself, income, your home and credit history
  • The broker will then show you all the loan options from the search. These will be loans that match your criteria and that will be available to you
  • You choose a loan and the broker makes an application to the lender
  • The lender will carry out a valuation of your house and verify all of the information you have provided as well as carrying out a credit search
  • Once the property valuation has been done and all the information verified you will then be asked to sign the credit/loan agreement
  • Shortly after this your loan will compete and your funds transfered to your bank account

While this process goes through your dedicated broker will be on hand to ensure that everything goes through smoothly and to answer any questions at each stage.

Need a loan for a new kitchen?

If you have been dreaming of a new kitchen and require a loan to finance
the project then we can help.

Kitchen loans

By taking out a home improvement loan against your property you’ll be able to raise the money you require to pay for both the kitchen, the installation and any additonal building works that are required in the process.

If you need to build a new home extension as part of the new kitchen design, or additonal work is required at the same time then this isn’t a problem either – all of the works required can be funded using the same loan.

Taking out a homeowner loan for kitchen improvements is a popular decision as a brand new kitchen not only looks and feels great but is also a great investment and can add thousands of pounds to the value of your home.

What are the benefits of arranging a kitchen loan with us?

  • Loans from 3 – 25 years
  • Borrow from £5,000 to £100,000 plus
  • We can quickly calculate how much you can borrow and get you a loan in principle offer
  • kitchen loans arranged quickly with your plans and time scales in mind
  • There is no credit foot print when we search for a loan
  • Applicants are accepted with both a poor and bad credit rating from the whole loans market place.

What can a kitchen loan be used to pay for?

  • Your new kitchen cupboards, worktops and including all appliances etc
  • New flooring, wall tiles and decorating
  • Any new windows, doors or ceiling work that is required
  • All electrics, lighing, plumbing and plastering work that is required
  • Any new kitchen furniture such as tables and chairs etc
  • Any room or house extension to accomodate your new kitchen.

Your loan will be a secured loan and can be used to pay for all your new kitchen expenses and associated building works required to complete the project.

What is your budget?

It is a good idea to establish a budget and an amount of money you will require to complete the project taking into consideration a contingency for any unforseen building costs. Let us know how much you require and we’ll find you a suitable loan for the amount you need at the best rates possible.

Kitchen loans – our brokers can find you a great deal

If you have a specific kitchen in mind or would like to find out how much you could borrow then speak to us or complete our quote form. A member of the team will contact you to discuss your loan requirements.

loans approved

What is a second charge loan?

If you consider that your mortgage is a first charge loan then an additonal loan secured against your property becomes a second charge loan. It simply means a second loan secured against your home.

second charge loans

A second charge loan is secured against your property and acts as security to the lender in the event that you didn’t repay the loan or had difficulties in repaying what you owed.

What are the features of a second charge loan?

Unlike a personal unsecured loan a second charge secured loan means that you risk losing your home if you failed to pay back the loan. This is because you have used your home as security against the loan. Its important therefore that you are able to meet the repayments and that you’re not in a position of over stretching yourself.

See: The difference between a secured and unsecured loan and How to apply for a second loan.

Debt consolidation loan or debt management plan?

A debt consolidation loan is quite simple a new loan that you take out to pay off your existing debts. To consolidate all of your existing payment (credit cards, overdraft, loans etc) into one larger loan and only one repayment each month.

Why and when should you consider consolidating your debts?

You should consider consolidating if you are struggling to meet the repayments and or if the interest payments for your current debts are high. By consolidating you should be able to save on the cost of repaying your debts, reduce the monthly amount you have to pay and make the process of managing your debt easier.

What are the potential benefits?

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A debt consolidation loan should in theory be earier for you to manage as there is only one payment to meet each and every month. If you have struggled to meet multiple payments at different times of the month with your current arrangement then you may find having just one payment to deal with easier to manage and budget for.

Because you are able to pay off a secured consolidation loan over the long term (up to 25 yeasr) this can then reduce your monthly repayment amount and committment. Therefore you should find it easier to meet the repayments every month. If you are current debt are at high rates of interest (for example payday loans or expensive credit cards) then you may be able to get a better deal (rate of interest) from your consolidation loan lender and save.

If you pay back your consolidation loan over a long period of time; while this may reduce your monthly repayments each month, the total amount you pay back throughout the duration of the loan may be more.

What is a debt management plan?

A debt management plan is used for those who have multiple creditors (money they owe money too) and is designed to enable the debtor to pay what they owe under a set plan and course of action. You make one monthly payment to the DMP (debt management plan) and they then distribute this payment to your multiple creditors upon your behalf.

What are the benefits of a DMP – debt managment plan?

A DMP will stop your creditors hassling you about what you owe, they will in most cases freeze your interest payments, you’ll be making a monthly repayment that you can afford (at a reduce rate) and you’ll only be paying what you can afford to pay after your essential living costs have been taken into consideration.

However it is worth noting that unlike a debt consolidation loan a debt management plan will negatively affect your credit rating. This is because although you are making some payments towards your debts, you are paying less that you originally agreed and have not meet the original terms of your loans. Consolidating your debt however is simply changing one form of debt or loan to another and also long as you maintain all of your repayments then taking out a consolidation loan is likely to have a positive effect on your credit rating.

We can help consolidate your existing debts

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Through our panel of secured lenders our loan brokers can help to arrange a debt consolidation loan. By providing us with some basic information on yourself, your home, your employment status and credit history this enables us to search against our lenders loan criteria to find you a suitable loan for the amount you require.

Your existing debts – what do we need to know?

We’ll also require information on your current debt committments and the total amount you owe (the outstanding balance). We can then use this information to get you the right size of loan that is big enough to clear and pay off your current debts in full. You may need to speak to your current individual lenders to obtain a redemption figure – this is the final payment amount they require to pay of the debt in full and includes both the capital payment and interest due.

We can help if you have a poor credit history, have CCJ’s or defaulted on payments in the past.

How to apply for a secured loan and the application process

What’s involved in applying for a loan?

Are you are considering an application for a secured loan and are wondering how it works and what’s involved? This simple guide will explain the process involved from the initial enquiry through to obtaining a successful loan offer.

What is a secured loan?

Secured loans guide

A secured loan or otherwise known as a home loan or homeowner loan is loan that is secured against your property. The property is used as security for the loan amount. The amount you can borrow depends on your ability to pay back the loan (affordability) and how much equity you have in your property to secure the loan against. This article explains the difference between a secured and unsecured loan and how they differ.

The application process – step by step

1) You complete the “find me a loan” quote form or call a broker from our website.

2) We then request some information from you that will enable us to search for a suitable loan based upon your information and our panel of lenders criteria.

We’ll ask you to provide us with the following information – either online or by telephone.

  • Your name, address and contact details. If this is a join application then we would require the details of both applicants.
  • The loan amount – how much you want to borrow.
  • How long you wish to pay it back over – the loan term or period.
  • The purpose of your loan – what do you wish to use it for?
  • We’ll then need to know information about your credit history such as CCJ’s, any missed mortgage or loan payments within the last few years.
  • We then need to know some details of your property (the security for the loan). Is it residential (your home) or is it a buy to let? How many bedrooms, bathrooms, and reception rooms does it have? Is the property ex local authority?
  • Next we need to know some financial information related to the property. Such as your mortgage balance, do you have any other secured loans on the property? What do you consider the value of your property to be? Is it a capital repayment or interest only mortgage?
  • Finally we need to know your employment status and information on your salary and income either for yourself or both applicants if it is a joint application.
  • 3) With this information gathered your broker is then able to compare this with our panel of secured loan lenders criteria and present a selection of suitable loans. The loan offers presented will take into consideration your personal requirements, your property, income and credit rating.

    4) With this information and guidance from your broker you can then go on and apply for a loan knowing that in principle you already meet the lenders criteria. The lender will have any final say and decision on if they will accept your application for a loan.

    At the search stage – what information will I be presented with?

    Your broker will present all the information on the loan offer to you so that you can make an informed decision on whether you wish to proceed with a full application to the lender.

    You’ll know:

    • The lender or list of lenders who matches your loan criteria.
    • How much money you can borrow – the loan amount.
    • The monthly payment amount.
    • The “type” for example, capital and interest repayment.
    • The APR – annual percentage rate.
    • The cost of loan over the period.

    With assistance from your broker you can use the above information to make a decision on your loan. Your broker will then submit your application to the lender upon your behalf.

    loans approved

    How long does a loan application take to complete?

    The loan application process takes about 4-5 weeks. Upon completion of the loan the lender should deposit the funds directly to your bank account within 48 hours – however this is can a little longer due to administration for some lenders.

    Unsecured vs Secured Loan?

    What is the difference between a secured and un-secured loan?

    If you have been researching different types of loans in the hope to find out which is more suitable for you then this may help.

    Secured loans

    Listed below are some of the standard features associated with each type of loan.

    The features of a unsecured (personal loan)

    • Loans givens generally up to a maximum of £15,000 or in some cases £25,000.
    • Loans usually payable up to a maximum of 7 years or 10 years in some cases.
    • Loans are usually available from main stream lenders. For example The RBS, Nationwide, Tesco etc.
    • The APR (annual percentage rate) is fixed. This means your repayments and the interest amount you pay will remain the same throughout the term of the loan.
    • No security is required and available to those who don’t own their own home.
    • Minimum age requirements are from 18 years plus.
    • Lenders criteria will generally be based upon employment, salary, your current debts and your ability to repay the loan amount.

    Lets compare the above features with that of a secured loan or otherwise called a home loan, or homeowner loan.

    The features of a secured loan (Homeowner loan)

    • Loans can be anywhere up to £500,000 and beyond and depends upon many other factors such as the lenders criteria, the value of the security (the property) and the affordability for the borrower to repay the loan.
    • Loans are payable over a maximum period of 25 years.
    • Payable interest only or with capital repayment depending on the lenders own criteria.
    • The APR (annual percentage rate) is variable and linked to the Bank of England base rate. This means that your interest repayments could go up or down.
    • The loans are secured and you must have a property with sufficient equity to secure the loan against.
    • Minimum age requirement of 21 years plus.
    • Lenders criteria will be dependent upon LTV (loan to value) equity within your home and your affordability to repay the loan.

    In Summary

    Secured loans are suitable for those who need larger loans and have enough equity within their home to act as security. Secured loans can also be a solution for those with a blemished credit rating and are unable to obtain a unsecured loan via the main stream lenders.