About Loans Warehouse
Loan Warehouse, as its name suggests, serves as a loan warehouse that can cater most of your financial needs, offering a vast range of loans including second mortgages, personal loans, guarantor loans, bridging loans and business loans. Since Loans Warehouse focuses their niche on the second charge lending, they have a specialized market focus and consequently creates a more flexible service offering. This often means manual underwriting compared to automated systems, with this, the team at Loans Warehouse can work with lenders to gain the best deals for their customers. So, Loans Warehouse can negotiate improved terms compared to the standard published terms by most lenders.
Loans Warehouse especially caters the individuals who have a bad credit score and are unable to apply for the loan at banks and typical financial institutions. People who already have been refused with their loan application and want to consolidate their bad debt, may also consider Loans Warehouse.
The loans offered by Loans Warehouse range from £5,000 to £2,500,000 (second mortgages), from £50 to £25000 (personal loans), from £500 to £10,000 (guarantor loans) and £25,000 to £25,000,000 (bridging loans). The repayment tenure for these loans is from 1 year to 5 years. The business loans range Borrow £5k – £1m (unsecured loans up to £350k), with repayment terms as 6 months to 5 years. Loans Warehouse doesn’t charge any repayment fee. The typical APRC, on average, is 9%, 14.9%, 49.9%, and 10.2% for second mortgages personal loans, guarantor loans and bridging loans respectively.
The Core Features of Loans Warehouse
- Variable APRC as per the loan and circumstances of the customer
- Average APRC as 8.6%
- Acceptance of poor credit, CCJ’s & Defaults
- Overall Borrowing ranges from £50 to £2,500,000
- Fast application processing
- Flexible loans repayment terms, from 1 month to 5 years
- Prompt customer service
How does it work?
Customers can apply on Loans Warehouse’s website by filling out a handy contact form. Focusing on the fast responses, the team will typically get back to customers within minutes to undertake their fact-finding for the right loan and customer requirements. Loans Warehouse offers a callback function as well, at a time that is best suited to the individual.
Customers can ask about a loan with Loans Warehouse, and they will not be charged with an advice fee. This is good for customers who want to know their affordability and kind of loans on offer that can suit their needs. Also, Loans Warehouse does not charge an upfront valuation fee either. If a loan does not go ahead, or the customer changes their mind, Loans Warehouse does not ask for money. The customers can enjoy more choice by being able to explore the market, and with Loans Warehouse working flexibly with lenders, there is a chance that they can help their customers to secure a better deal than going to the lender directly.
The Final advice
Winners of the What Mortgage Award for the Best Second Mortgage Broker for five years in a row, the Loans Warehouse portrays itself as one of the best brokers for second mortgages and personal loans.