Overview
Secured loans available for existing homeowners. You can borrow for a variety of purposes and subject to eligibility we will ensure that any loan offered is tailored to meet both your current and future needs. We work with a number of councils as well as providing our own finance, you can find out more on our about us page.
If affordability is an issue we have some loan types available that do not require regular payments. Age doesn’t need to be a barrier and as such we do not have any restrictions for older borrowers.
The application process is straightforward and if you want to apply we will arrange an appointment to undertake a financial review in the comfort of your home. For further details please contact us on 023 9237 5921 or you can enquire online using the form below.
Key Features
- Secured Loans from £1,000 - £100,000 available
- Typical rate 5.49% (5.63% APR)
- Fixed Interest Rate for entire term of the loan
- Low Arrangement Fee
- No penalties for overpayments or early settlement
- Home Visit - Financial review carried out in your home
- Range of products available
- Terms of up to 25 years
- No age restrictions for older borrowers
Examples
| Loan Type | Loan Amount | Term | Monthly Payment | Interest Rate | Total Amount Payable | Loan Product Features |
|---|---|---|---|---|---|---|
| Capital Repayment | £5,000 | 15 years | £40.83 | 5.49% (5.63% APR) |
£7,349.40 | Your monthly payment is applied against the interestaccrued and the capital. The amount you owe will decrease with each monthly payment. |
| Interest Only | £5,000 | 25 years | £22.88 | 5.49% (5.63% APR) |
£11,864.00 | Your monthly payment will only cover the interest accrued. The capital will need to be repaid at the end of your loan term or when you sell the property. The loan settlement will always remain the same and in this example it would be £5,000. |
| Interest Roll Up | £5,000 | 25 years | £0.00 | 5.49% (5.63% APR) |
£19,664.36 | There is no monthly payment so the loan balance will increase over time as the interest accumulates. You will have to repay the capital plus interest accrued when you sell the property or at the end of the loan term. |
| Shared Equity | £5,000 | 25 years | £0.00 | N/A | Linked to property value | With a Shared Equity loan a capital sum is lent with the amount owed linked to the value of your property. A valuation will be required to assess the property value at the outset and when the loan is settled. |
“The scheme is excellent, it has enabled me to make improvements to my home which in turn will reduce heating bills and leave me living in more comfortable circumstances”