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What is an unsecured loan?: An unsecured loan is a loan where no asset is pledged as security for the loan. (The most frequently used security is the family home.)
What do you accept as income?: When you apply for a loan you will have to state your regular income.
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 borrow again in the future?: Your ability to borrow again in the future will depend largely on how well you managed your loans and other forms of credit in the past.
How much can I reduce my monthly payments by with a debt consolidation loan?: It really depends on how much you owe. In some circumstances you may be able to reduce your total monthly repayments by as much as 75% - simply by consolidating your debts into one single payment.

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.

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.

Car Loans

Holiday Loans

Home Improvement Loan

Career Change Loan

Debt Consolidation Loan

Bridging Loans

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