Secured
Loans Frequently Asked Questions
We've put this page together to help answer most of your questions. It
is not intended to be a substitute for professional advice so if you need
further information please contact us.
Secured
Loans
How much can I borrow?
What is your typical rate?
What can I use the loan for?
How long can I take to repay the loan?
Can I repay the loan early if I want to?
Can I insure my payments?
Can I have a fixed rate loan?
Can I cancel my application if I decide not to go ahead
for any reason?
Do I have to pay any upfront fees?
What if I want to move house during
the term of my loan?
How long will it take to process my
application?
What is the maximum value of the secured
loans I can have in relation to the value of my property
(LTV ratio)?
About .com Home Loans Uk?
Why should I use you instead of
my bank or building society?
Surely you're more expensive than my
bank or building society?
Do you only do loans?
--------------------------------------------------------------------------------
How
much can I borrow?
You can borrow any amount from £3000 to £100,000, depending
on your circumstances
Back to top
--------------------------------------------------------------------------------
What
is your typical rate?
Our typical rate is 9.9% APR.
Back to top
--------------------------------------------------------------------------------
What
can I use the loan for?
You can use your loan for any (legal) purpose. For example, you may be
thinking of clearing all of your loans and credit cards to reduce your
monthly outgoings and just have one, affordable payment to remember each
month. You may be thinking about carrying out some home improvements
or treating your family to the holiday of a lifetime. Whatever you decide
you will receive a cash loan to spend as you wish.
Back to top
--------------------------------------------------------------------------------
How
long can I take to repay the loan?
Generally you can select any repayment term between 5 and 25 years. You
choose the specific repayment period you require. You may want to extend
the loan term to minimise your outgoings on a monthly basis or, alternatively,
take a loan over a short period to allow you to clear the loan facility
at the earliest opportunity.
Back to top
--------------------------------------------------------------------------------
Can
I repay the loan early if I want to?
You can repay the loan at any time. The method of calculating the amount
of money required to repay the loan early will be detailed in your Loan
Agreement, which takes into consideration the detail within the Consumer
Credit Act 1974. When you apply for your loan and documents are issued
to you, you will be sent a FISA Borrower Information Guide, which provides
detailed information concerning this subject.
Back to top
--------------------------------------------------------------------------------
Can
I insure my payments?
Optional insurance schemes are available to cover your monthly payments
if you are unable to work due to accident, sickness or unemployment.
Different levels of cover are available to suit your individual needs.
Back to top
--------------------------------------------------------------------------------
Can
I have a fixed rate loan?
Yes, you can. We have access to a number of lenders which allows us to
source the best deal for you, whether this be on a fixed or variable
rate option.
Back to top
--------------------------------------------------------------------------------
Can
I cancel my application if I decide not to go ahead
for any reason?
Yes, you can. You may cancel your loan at any time prior to completion
without penalty.
Back to top
--------------------------------------------------------------------------------
Do
I have to pay any upfront fees?
We will not charge any upfront fees. However, in some specific circumstances
we will ask for a fee to be paid once the loan application has been funded.
This fee will be included within the loan advance and will be quite clearly
detailed on the loan documentation. If you choose not to take the loan,
no fees will be payable.
Back to top
--------------------------------------------------------------------------------
What
if I want to move house during the term of my loan?
In certain circumstances your loan can be transferred to your new property.
When you are considering moving house you should speak to your lender
who will advise you concerning this subject.
Back to top
--------------------------------------------------------------------------------
How
long will it take to process my application?
Once you have filled out the "contact us" form, one of our
licensed credit brokers will contact you to introduce themselves, explain
how the application process works and to understand your needs. You will
have to complete and sign some loan documentation and once you have returned
it for processing we provide a service standard of 7 to 10 working days
to be in a position where your funds will be available to you.
Back to top
--------------------------------------------------------------------------------
What
is the maximum value of the secured loans I can have
in relation to the value of my property (LTV ratio)?
Typically the maximum LTV is 125% of the value of your property
Back to top
--------------------------------------------------------------------------------
Why
should I use .com Home Loans Uk?
We know there are other companies you could use but we believe we offer
a valuable service where we understand your particular needs and find
the best products for you. We have a specially selected panel of advisers
who are truly independent, highly trained and are able to offer you a
complete and wide ranging choice of secured loans products.
Back to top
--------------------------------------------------------------------------------
Why
should I use you instead of my bank or building society?
Your bank or building society can only offer you the products that they
sell, so they may not have the best deal. We have access to literally
thousands of products and are not tied in to one lender. We can search
for the best secured loan for you, so you don't have to.
Back to top
--------------------------------------------------------------------------------
Surely
you're more expensive than my bank or building society?
We can arrange the same loans as your bank or building society and we
in many cases will not charge you a fee. Very often we can find better
deals than your bank or building society and combined with the other
products you might need we can save you a significant amount of money.
Back to top
--------------------------------------------------------------------------------
Do
you only do loans?
We offer all different kinds of secured loans and we can also arrange
mortgages too. Our advisers can also arrange loan protection, critical
illness cover, life assurance and other peace of mind products too.
Back to top
|
