Personal Loans

Secured Loans

Other Loan Types

Residential Mortgages

Buy to Let Mortgages

Other Mortgage Types

Mortgage Payment Protection

Life Insurance

Other Finance

Loans and Fees

There are many different types of loans available for your circumstances but you may well not be aware of them due to their popularity. We’ve touched upon personal, secured, consolidation, bridging, adverse credit and car loans, the main contenders in this field, but the more obscure terms tend to get neglected. Therefore we have produced a helpful loans guide for the more uncommon loans that are available today.

Business Loans

A business loan is designed for a wide range of small, medium and startup business needs including the purchase, refinance, expansion of a business, development loans or any type of commercial investment. They are generally available from £50,000 to £1,000,000 at highly competitive interest rates from leading commercial loan lenders.

Business Loans can offer up to 79% LTV (Loan to Valuation) with variable rates, depending on status and length of term. They can be secured by all types of UK business property, commercial and residential properties. These loans are normally offered on Freehold and long Leasehold properties subject to a Bricks and Mortar valuation being carried out.

Payday Loans

Payday Loans are also known as Cash Loans and are arranged for people in employment who find themselves in a situation where they are short of immediate funds. They can assist you in this situation with short term loans of between £80 and £400.

Loans are repayable on your next payday, although it is possible to renew your loan until subsequent paydays. To apply for a loan you must be in employment and have a bank account with a cheque book. A poor credit rating or debt history is initially not a problem.

Student Loans

A student loan is way of borrowing money to help with the cost of your higher education. Applications are made through your Local Education Authority. A student loan is a way of receiving money to help with your living costs when you're in higher education. You start paying back the loan once you have finished studying, provided your income has reached a certain level, usually £15,000.

Tenant Loans

A tenant loan is an unsecured loan granted to those that do not own their own property. A tenant loan is always unsecured because in most cases, if you are renting your accommodation, you do not have an asset against which you can secure your loan. Tenants sometimes find that some loan companies will only lend money to homeowners. If you are a tenant you need to look for a company, bank or building society willing to give you an unsecured loan.

Remember...

The majority of loans are subject to an arrangement fee if you have used a middleman, broker, to find you the best deal possible. This is a charge that some brokers make for arranging your loan. For example, if you took out a loan for £7500, the broker may add £500 to your loan amount and claim that for themselves - your loan would actually be for £8000. So always be inquisitive before agreeing to a loan otherwise you will need to be prepared for hidden costs and additional fees.