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.
Why would my Loan application be turned down?: If a lender decides that you are a bad risk for a loan, they will reject your application.
Do I have to pay any upfront fees?: You will not normally have to pay any upfront fees, this is because all the admin charges and other legal fees are incorporated into the APR. Any charges are therefore spread over the term of the loan, and not charged on an upfront basis.
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 live at home with my parents, can I still apply for a loan?: If you live at home you are still eligible for a tenant loan – this is basically an unsecured loan in which you have no property to provide as security against the debt.

Will my monthly repayments ever change?

It depends on whether your loan is a fixed or variable interest rate loan, and over what period of time you are taking the loan.

An unsecured loan is likely to be a fixed rate loan – short-term over no more than 10 years, and you will not have to gamble your future on the interest rates either going up or down. This also means that you can plan your finances properly and you are protected from any nasty surprises if interest rates suddenly shoot up.

If you have a variable interest loan your payments could go up or down depending on what happens to the UK base rate. If the loan is a large, long-term secured loan, you will have the choice of fixed or variable interest much as you do with a mortgage. Then it’s your risk on whether interest rates go up or down. The loan provider will not lose in any case, as it will be your home resting on your repayments, and if you can’t meet them they will simply repossess your home.

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.

What happens if i am suddenly injured or taken ill ?

Car Loans

Holiday Loans

Home Improvement Loan

Career Change Loan

Debt Consolidation Loan

Bridging Loans

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