You may have a mortgage but need to raise additional funds, possibly for home improvements. However, your current mortgage may have repayment charges, which deter you from remortgaging.
Hoare Jacques Financial Services, can look at your circumstances and review your options for raising additional finance through a secured loan. With many companies offering additional secured finance, this may help you avoid the penalties with your current lender.
For Tenants, Homeowners or Living with Parents
There are two types of unsecured loan. Those specifically for homeowners and those for tenants. Some lenders will only grant loans to homeowners, others will lend to either. We will search out the best deal we can find.
Most loans can be used for any purpose. Any unsecured loan offer will be made on the basis of credit scoring.
Hoare Jacques Financial Services, can give you decision in principle in approximately 4 hours. If declined you will usually be advised confidentially by email.
As we use more than one lender we do not show repayment tables as this could be misleading - offers made will directly relate to the clients circumstances. There are no application fees payable when using our services. Loans are available from £500 to £25,000 with repayments from 6 months to 7 years.
NB Some lenders may require joint homeowners to apply together. Even though the loan is unsecured, they make it a condition that both parties apply together. This is in fact a benefit because if both have income, then the credit score is normally much higher.
Unsecured loans for homeowners
- Homeowner unsecured loans up to £25,000.
- No Security needed - Quick "in principle" Decision.
- Repayment terms up to 7 years.
- Rate is reflective of risk so APR's will vary.
- We will quote loan size and rate after assessing an application.
What is a Bridging Loan?
A Bridging Loan is used to cover shortfalls between buying one property and selling another. Prime examples of when you might need a bridging loan would be if you're poised to buy a new home and let down on the sale of yours or buying property at auction.
It is, in effect, a very short term mortgage - a loan that is secured against property. Bridging loans can be used for reasons other than buying and selling property:
- Inland revenue payments
- Business capital finance
- Development finance
- Land purchase and overseas property
Bridging Loans & Short Term Finance
Hoare Jacques Financial Services, has access to a number of high street , specialist and niche lenders throughout the UK and will get you the best possible deal.
Our bridging loans and short term funding are designed to suit your individual requirements and we have access to exclusive lending facilities match or beat any arrangements you may have already been offered.
We can arrange bridging loans from as little as £15,000 upwards on a first or second charge basis. Terms are available from 1-12 months with extensions available. Interest rates are very competitive.
Any type of residential, semi-commercial or commercial property or land in England, can be considered as security for a bridging loan.
Flexible Repayment Options
Repayments designed to suit your personal circumstances. Some lenders allow you to specify how much your monthly payments will be and even defer payment for a period of your choice. There is no minimum or maximum period for a bridging loan.
Payments are interest-only, due one month after the completion of the loan and monthly after that. Payment holiday schemes are available where payments can be rolled up for an agreed set period.
On all bridging loans, capital lump sums can be repaid which will reduce the capital balance outstanding and monthly repayments.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
For mortgage advice you can choose how we are paid: pay a fee, usually 1% of the loan amount, or we can accept commission from the lender, or a combination of both.
Contact our Eastbourne office today on 01323 721721 to speak to one of our Mortgage Specialists Independent Financial Advisers or complete our enquiry page for an unbiased review of your mortgage requirements or email us at :- email@example.com