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Hot Topics
- What if I already have a mortgage or loan secured on my home?
- It is possible (indeed common) to have more than one mortgage or loan on your property, as long as there is sufficient free equity in the property to secure the loan.
- What is credit scoring?
- Most of the major credit card companies use their own credit scoring systems – normally but not always in conjunction with a credit rating from a credit reference agency.
- What can I do if I think information held by a credit reference agency on me is incorrect?
- If you have been turned down for a loan and you cannot see any reason why, then you can contact the credit reference agency to see your personal credit report.
- Can I have a fixed rate loan?
- It is entirely up to you if you want a fixed rate or a variable rate loan – however there are some limits to this.
- Can I cancel my loan application if I decide not to go ahead for any reason?
- If you decide you want to cancel your loan application once you have made it, you can do so within a certain period of time set by the loan company.
I’m self-employed, am I still eligible?
Self-employed loans used to be difficult to find and expensive. But today, now that more and more people are working for themselves, self-employed loans are widely available and, as interest rates have fallen to their lowest in years, more affordable.
So whether you're a contractor or you run your own business, whether you have certified accounts or no proof of income, you can still obtain credit with a secured or unsecured self-employed loan.
A wide variety of lenders offer self-employed loans - and they can be tailored to suit your individual financial circumstances. For example, if you have an adverse credit history or bad credit rating, such as mortgage arrears, credit card problems or payment defaults, there are still companies that will offer you a self-employed loan.
If you can't prove how much you earn, you will be able to self-certify your income using a professional organisation. If you have at least 2 years’ certified accounts, you will be able to take on a loan that offers similar rates and benefits to those you would enjoy if you were employed.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.
- Poor credit history ?
- How quickly can i get a decision ?
- What is a tenant loan ?
- Personal loans
- What is a unsecured loan ?
- How much can i borrow ?
- How quickly can i get the money ?
- Is there a way to get a debt consolidation loan that does not require offering your house as security or a way to get a debt consolidation loan if you do not own a house?
- Can I take the payment protection off/on throughout my loan?
- Can I borrow again in the future?
- What happens if i am suddenly injured or taken ill ?
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