Secured Loans
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Follow our simple 3 step process:
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STEP 1 |
Fill in this short form telling us your loan requirements. |
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STEP 2 |
We will search our whole of market panel of secured lenders and
come back to you with our recommendation(s). |
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STEP 3 |
We will submit a secured loan application into our partners Promise Solutions
who will then underwrite your application, perform a credit check and pay for the valuation etc
on your property. |
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What is a secured loan?
Secured loans are loans whereby the lender applies a charge on your
properties deed similar to that of a mortgage. In fact a mortgage is also known as
a first charge on a property, and a secured loan is known as a second charge on the
property. This makes secured loans more of a risk to the applicant than with an unsecured
loan however you will benefit from much lower rates than those offered by unsecured lending.
With a secured loan you can borrow anything from £5,000 upwards depending on
the amount of equity remaining in your property. With loan terms ranging from 5 to 30 years.
Why should you choose a secured loan over a remorgage or further advance from
your current mortgage lender? You may be tied to a fixed or discount rate having an early repayment
charge to redeem your current mortgage. Your mortgage rate maybe significantly low and you would
prefer not to effect this. You may be required to pay upfront fees to switch to a new mortgage.
The time to remortgage may take months to complete. Your lender may not offer a further advance service
or they may have tight affordability rules for further borrowing, they may not allow you to borrow
money for certain circumstances such as starting a business. With a secured loan these restrictions
are removed and lending is much more flexible.
We provide an express service whereby we will match you against our whole
of market panel of secured loan lenders offering the most competative rates. We will keep
you informed throughout the application process.
We can accept loan applications for:
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Homeowners only.
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Employed and self employed.
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Loans from £5000 upwards.
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Past credit problems, CCJ's, defaults and arrears
Why not complete our form now to get started
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| If you would like one of our advisers to contact
you, simply complete your name, number or email address and we will be in
touch. |
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| Wentworth Financial Services Ltd are regulated by the Office of Fair Trading under the Consumer Credit Act 1974, holding a consumer credit licence number 614664. |