Hot Topics

How quickly can I get the money?
How quickly you get your loan depends on who you buy it from.
Will the loan company contact my employer?
Firstly, a loan company will never contact your employer without your consent.
What is not covered by personal loan protection insurance?
There are a number of situations that are normally exempt from personal loan protection.
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.
How much can I borrow with a debt consolidation loan?
The amount you can borrow on a debt consolidation loan is basically exactly the same as for a normal loan.

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.

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In theory, you can have as many personal loans as you want up to the value of your property, and while the housing boom continues and the price of your property increases, you will be able to borrow more and more against it.

Every time you want to take out another loan, you will need to have your property professionally valued so as to provide legal documentation of the amount you can safely borrow against your property. How many loans you get is up to you, but the more loans you take out the more complicated your finances will be. It may be worth considering a debt consolidation loan to bring all your payments together, then it will be easier to keep to the repayment schedule and ensure that all your creditors are happy.

 

Risk Warning
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.