Scenario Recently, a couple contacted us hoping to raise a £60,000 loan. They had experienced some difficulty in finding an unsecured loan for two reasons. Firstly, the size of the loan was a problem because the majority of unsecured lenders have lending limits of £25,000 maximum. Secondly, their low credit score presented a problem which reflected the constant use…
Category: Good Credit
Uses for a loan (Second Charge Mortgage)
You can easily raise a loan as a second charge on your property. The most common reasons for a loan is to consolidate credit or for home improvements However, you can use this type of loan for many other reasons, such as: Car purchase School fees Weddings Gifting money to your children Repay a tax bill Transfer of equity Lease…