Are there many secured lenders who offer products at 75%?
75% secured loans
There are a large selection of lenders who can offer secured loans at 75%, 85%, 95% and 100% loan to value. This means the lender will willing to secure a loan for up to 100% of your properties value. This could be your residential home or a buy-to-let property. The terms and interest rates of the loan and how much you can borrow will vary from lender to lender. A broker above will be best to advise you on your options and which lenders are most suitable for you.
For what purposes can these loans be used for?
Loans can be used for any legal purpose and are popular funding options for home improvements, debt consolidation and raising funds on buy to let property.
Are loans available for people with bad credit histories?
Blemished credit applicants are accepted
There are a range of suitable lenders who offer secured loans to people with adverse or bad credit history. Some second charge lenders will accept and consider applicants with CCJ’s IVA’s defaults, missed payments and options those with a low credit scoring. A secured loan broker has an indepth knowledge of the market and lenders which means they will be best placed to advise you on which lenders are most suitable.
None mainstream Buy to let applicants accepted
Funding solutions are available for applicants who wish to borrow against a buy to let on a first or second loan basis at 75% loan to value. Loans can be issued for applicants without proof of income, the unemployed, people on benefits without any requirement for a credit check. Some lenders can also accept family gifted deposits of 25%.