Hot Topics

What is a Home improvement Loan?
Many people choose to take out home improvement loans so they can give their house a new look before selling.
What happens if I am suddenly injured or taken ill?
To protect your loan repayments in case you are unable to work due to accident or illness, you will have to take out either personal loan or short-term income protection insurance.
What if I die before my loan is paid off?
If you die before your loan has been fully repaid, the loan will still need to be repaid by your estate. This may mean that your family will have to cover the cost of the loan for you.
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.

What kind of loan should I get?

Which loan you choose depends entirely on what you need it for. There are many different kinds of loans, depending on where you buy them from.

Many banks and larger organisations simply offer an all-purpose personal loan which covers any requirement. However some companies specify different rates and terms for different kinds of loans, for example car loans, home improvement or extension loans, and wedding loans. These types of specific loans may offer you some kind of incentive related to your loan purpose, for example if you choose a car loan you may get free emergency breakdown road assistance, or special discounts at affiliate garages and stores.

The only way to find out which offers you the best deal is to get a number of quotations and see if the specific terms and conditions suit your needs.

A way of short-cutting lots and lots of loan applications (which is not advised as mutiple applications could damage your credit rating) is to get a loan broker to search the market on your behalf for the best deal.

And that's exactly what happens when you ask for a Quotation via Brokers Online.

Apply now


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.