If you borrow £10,000 over 10 years at an Annual Interest Rate of 6.7% (variable) you would make 120 payments of £134.56 per month. The total amount repayable will be £16147.20 (This includes a lender fee of £495 and a broker fee of £1250 which have been added to the loan.) The overall cost for comparison is 10.9% APRC representative. Repayment periods between 1 and 25 years. Maximum APR 65.2%.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a debt secured on it.
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Please be aware that by applying you give your consent to have your personal information passed to a third party to process your application. Some lenders may need to conduct a credit search as a result of you application.
Money Solutions Uk offer a wealth of loan products to suit your needs - homeowner loans, secured personal loans, home improvement loans.
The interest rates available on a secured home loan (or homeowner loan) will depend on the value of the customers home, the amount borrowed and the credit history of the borrower.
Homeowner Loans are Secured Personal Loans where the Lender accepts a property as collateral; they may therefore offer more flexible or attractive terms for the borrower on interest rates and repayment period.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT