Before you choose your loan it’s important that you understand how secure loans work. So here’s a simple guide to help you.  Whatever your financial circumstances or history, we can help you to get the money you need, when you need it – with terms tailored to ensure that your repayments suit your budget, and with no extra hidden costs.

What can I use a loan for?

You can use your loan for any purpose. Whether you want to consolidate existing credit card balances or other loans, buy a new car or take an exotic holiday,  we can help arrange the loan you need.

How much can I borrow?

That depends on a number of factors – can I afford the repayments, is there sufficient collateral, do I own a property? Loans usually range from £1000 to £100000,

*Can I afford the repayments?

Every application is assessed for affordability based upon income details. Whilst we may require proof of income, it is unlikely that we will need to contact your employer. We can arrange loans for the self-employed where, due to the nature of the business or length of time you have been self-employed, income can in many cases be self[declared.

*Is suitable collateral or equity available?

For every applicant, a Loan to Value (LTV) ratio will be calculated to ascertain the maximum loan available against your property. In some cases we can arrange loans for up to 125% of the value of your property, subject to status and valuation.

*Does a credit score confirm my acceptability as a potential customer?

Many lenders carry out a credit search which, along with the information on your circumstances and background is used to assess whether you are acceptable for your chosen loan.  It is important to remember when making multiple applications to other sites or lenders your credit information could be searched on each occaision. This could adversely affect your application. First Union only searches your credit record once, regardless of the number of possible lenders we consider, so your application will not be adversely affected.

*You must be a Homeowner or Mortgage Payer.

As the loan will be secured on your property, you must be a homeowner or mortgage payer.in the UK .

NEED HELP?   |   TOOLBOX 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other debt secured on it

privacy policy  |   terms of use