Secured / Homeowner Loan
We at Foundations Loans™ specialise in the following areas:
- Secured Loans from £5,000.00 - £150,000.00
- Market-leading rates to suit all circumstances
- Clients with CCJs, Mortgage Arrears & Defaults
- Self-Certification to 100% LTV
- Up to 125% LTV
- Interest-Only, Fixed Rate and Flexible Loans
- Average turnaround 21 days
- No upfront fees payable
All of the above is subject to terms and conditions.
Secured loans are loans secured on your property, in the same way as a mortgage. Secured loans require no upfront survey, legal or other fees. Loans are available for any purpose: debt consolidation, the purchase of a new car, home improvements, holidays, or anything you choose. Any amount can be borrowed from £5,000 to £500,000 - terms & conditions apply.
To qualify for a loan you must be over 18, reside in the UK and a homeowner. Loans are available up to 125% of the value of your property (equity), interest only loans if required, with fixed rate and flexible loan options available.
We have special products available for those requiring a self certification facility that can go up to 100% of your property value. There are also many products available for those of you that have had credit problems in the past and those that have already been declined for a loan elsewhere. We also have products available for those with a good financial track record. Foundations Finance can offer highly competitive rates to you that are often lower than you would imagine. A secured loan allows you to take advantage of preferential interest rate that would not be available on an un-secured personal loan. You are also much more likely to be approved in principle 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 thirty 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).
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 your ability to repay the loan and their personal circumstances. For example any arrears or CCJ's (County Court Judgement) can affect the amount that can be borrowed or the interest rate available.
Initial assessment can be made quickly, however loans all are regulated, and a consideration period will be given to allow time for you to assess the implications of the credit agreement, and to ensure that you are fully aware of all the terms and conditions of the loan.
Our typical, variable rate is 14.9% APR. Rates range from 7.3% to 30.0% APR.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.