Lemon Loans UK - Secured Loans
For further information call now on 0151 286 2543 or 07852 576301
Secured loans are loans that are secured on property, in much the same way as a mortgage. Secured loans require no up front survey, legal or other fees.
Loans are available for any purpose: debt consolidation, the purchase of a new car, home improvement, holidays, or anything our clients choose. Any amount can be borrowed from £10,000 to £250,000.
All secured loans are secured on property. To qualify for a loan our clients must be over 18, resident in the UK and a homeowner. Loans are available up to 100% of the value of the property, interest only, fixed rate and flexible loans are also available.
There are also many homeowner loan schemes available for those that have had credit problems in the past and those that have already been declined for a loan elsewhere.
We also have schemes available for those with a good financial track record; there are on offer highly competitive rates to these types of borrowers that are often more competitive than you would imagine.
A secured loan allows our clients to take advantage of preferential interest rates that would not be available for an un-secured personal loan. Our clients are also much more likely to be approved for a secured loan.
The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between three years and twenty five years. A penalty may be charged if a loan is repaid earlier than agreed, each lender's criteria differs please ask for further information with regard to redemption penalties. However, it is generally 1 month's interest should you pay a loan off early.
The amount that can be borrowed, the term available and the A.P.R will all depend upon the equity in the property, the lender's view of the borrowers' ability to repay the loan and their personal circumstances.
For example any adverse credit secured loan can affect the amount that can be borrowed or the interest rate available. Borrowers may be able to borrow up to 90% of their property value.
Initial assessment can be made quickly, however loans are regulated, and a 17 day consideration period will be given to allow time for borrowers to assess the implications of the credit agreement, and to ensure that they are fully aware of all the terms and conditions.
Lemonloansuk.com is licensed under the Consumer Credit Act.
Lemon Loans UK - Secured Loans from £10,000 to £250,000 - call now on 0151 286 2543 or 07852 576301