FAQ Home | General Questions | Critical Illness Insurance | Life Insurance | Home and Contents
Mortgage Payment Protection | Mortgage Life Insurance | Short Term Income Protection Insurance
Mortgages | Car Insurance | loans | Private Medical Insurance | Travel Insurance
Hot Topics
- What exactly is a personal loan?
- A personal loan is a sum of money which you borrow. This could be from a bank, building society or another financial institution.
- What is the maximum value of the secured loans I can have in relation to the value of my property (LTV ratio)?
- The industry average for the LTV ratio (Loan to Value Ratio) is 75%. This means that if your property is valued at £100,000 – you will be able to borrow £75,000 against it. It may be possible to get more than that – for example 85% or 90% - however you will need an excellent credit history and must in general be considered a ‘no risk’ customer by the loan provider.
- What happens if I want to borrow more?
- To borrow more you have the option of either taking out a new loan independent of your other loan(s), or arranging with your loan provider to add onto your existing loan.
- 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.
- 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 is a Holiday Loan?
A holiday loan is a loan designed to give you the means to pay for a holiday. This is commonly used for 'holidays of a lifetime' like honeymoons, anniversaries and holidays to exotic locations.
You don't need to specifically apply for a holiday loan. However when completing loan enquiry and application forms you will be asked why you want the loan, and 'holiday' will be one of the options. A holiday loan is considered to be a good reason to get a loan by most loan providers, generally because they are quite small loans and therefore easy to pay off.
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.
- Adverse credit and finance ?
- What exactly is a personal loan?
- What is a tenant loan ?
- What do you accept as income ?
- Will the loan company contact my employer ?
- I live at home can i still get a loan ?
-
Car Loans - Holiday Loans - Home Improvement Loan - Career Change Loan - Debt Consolidation Loan - Bridging Loans




