loans

secured or homeowner loans

Secured or home owner loans
offer a way of allowing you to raise capital secured against your property. They are ideal for almost any purpose whether it’s; debt consolidation, home improvements, buying a car, going on holiday or a wedding.

loan assessement

It is important that you assess if a secured loan is the most appropriate option. The following sections offer an overview of secured loans to help you make your decision:

what is a secured loan

A Secured Loan allows you to raise capital for almost any purpose secured against your property.

Here at Bollington Money we can arrange secured loans on the following terms:

borrowing usually ranges from £5,000 to £100,000
repayment periods vary from 3 to 25 years

In some instances we can arrange borrowing of up to 125% of your property value.

Secured loans can be arranged whether you are employed or self employed. We are able to help even if you have CCJ’s or arrears.

Here at Bollington Money we have a wide range of lenders allowing us to find the best loan to suit your circumstances whether you have had credit problems in the past or not, we will find the best deal to suit your individual circumstances

debt consolidation

a secured loan can be ideal
to sort out your finances by consolidating debts. They can offer higher loan amounts and longer repayment terms to help you manage your finances.

With debt consolidation you are essentially consolidating all of your individual credit card or store card repayments into one, borrowing an amount secured against your home to pay off all of your smaller debts.

competitive rates
A secured loan can offer a competitive rate especially when compared to some of the rates charged by credit card and store card companies; however the rate you get will depend on your personal circumstances.

It is important to remember that many personal loans and credit cards will be unsecured; consolidating in this way means that the credit will be secured against your property.

important considerations

When you are looking for a Secured Loan there are a number of factors that it is important that you consider carefully:

how much do you need to borrow?
How much can you afford? it is important that you think carefully about all of your outgoings and the amount you are comfortably able to pay each month.

how long do you want to be paying your secured loan over?
Are your circumstances likely to change in the future and if so will this affect your ability to make your loan payments?

secured loans are secured against your property
Bollington Money in most cases will charge a Broker Fee; this can be added to the loan. This fee covers sourcing, administration and processing the application direct with the lender. In most cases the Broker Fee will cover the cost of the property valuation along with various other charges.

more considerations below

important considerations cont.

Some lenders charge a fee if you repay the loan earlier than agreed, we will make sure you are aware of any early repayment charges on your loan.

spreading your payments

Spreading your payments over a longer term could reduce your monthly outgoings considerably. This is achieved by spreading your new loan over a longer term. By doing this, your overall interest payments are likely to increase.

loan selection

At Bollington Money our staff will ensure that all these considerations are taken into account when searching and selecting a product for you.