If you have multiple debts that you are struggling with staying on top of, a debt consolidation loan could be a good option to help you take back control of your finances in a responsible way. It can be difficult to keep track of your […]
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If you are self-employed and looking to find a debt consolidation loan, there are options available. Although it is sometimes more difficult to demonstrate stable income and constant employment if you are self-employed, the majority of lenders will still be happy to approve debt consolidation […]
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A debt consolidation loan is designed to help those with numerous outstanding debts bring all or many of their debts together into one debt or loan arrangement, to then be paid off in affordable monthly instalments. Debt consolidation loans can help simplify your debts by […]
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Apply for the Capital On Tap business credit card today with Lending Expert and get £100.00 Free which is credited to your account with the promo voucher code: 2REFJ252J27 Alternatively you can apply online here and we’ll automaticaly apply the promo code to your account […]
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Yes, you can get an unencumbered remortgage on a house you own outright. The term “unencumbered remortgage” is used for mortgages that are placed on a mortgage-free property. If you own your house outright and want to remortgage, you’ll usually be able to do this […]
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After repossession, the lender will then try to sell the property. The majority of lenders will try to market the property with an estate agent, however, to make a quicker sale, the house may instead be sold at auction. Lenders will sell the property that […]
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Yes, if you do not repay your secured loan you will be at risk of repossession. However, repossession of a borrower’s property is a last resort. The lender will try to get in contact with you beforehand and give you plenty of time to make […]
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Yes, you can sell your house if you have a secured loan against it, however, you’ll usually need to pay the loan back in full before moving. A secured loan can be a great borrowing option for those who are prepared to use their valuable […]
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Yes, you can pay off a secured loan early, but you may get early repayment fees for doing this. The early repayment fee could be equivalent to 1-2 months’ interest, however, even with these fees you might still save money on the overall interest accrued. […]
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With equity release, you can borrow 20%-60% of your property’s value. The precise amount you’ll be able to borrow will depend on various different factors; for example, if you’re around 55-65 the amount you’ll be able to borrow is closer to 20%, but the older […]
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Yes, you can make early repayments on a secured loan. Making early repayments on any type of loan could help you bring down the total cost of borrowing. However, this is not always the case, and will be dependent upon your borrowing situation – e.g., […]
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If you can’t repay your secured loan, the following can happen: Negative impact to your credit score Late fees charged Property could be repossessed Hard to get finance in the future A number of fees and penalties can occur if you fail to repay your […]
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Yes, you can get a secured loan with a bad credit history – and this is often a popular choice if you have been declined for a traditional unsecured loan. With a secured loan, a lot of the eligibility is based on what you are […]
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The best rates for secured loans are for applicants with the best credit scores – and to access these rates will depend on factors such as your income, credit score, the value of your property and the equity in your property. Every secured lender is […]
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Yes, it is very possible and very common to buy a house using a bridging loan. Using a bridging loan essentially makes you a cash buyer, so they are often used to help complete a property deal much faster and you can avoid property chains […]
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Yes, equity release is a safe option to consider, regulated by both the FCA (Financial Conduct Authority) and the Equity Release Council. This means you can rest assured that the industry is properly managed by not one but two reputable regulators. All brokers, lenders and […]
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With equity release you can borrow around 20% to 60% of the value of your home with a lifetime mortgage, or as much as 80% to 100% of the property’s value if it is a home reversion scheme. Equity release is commonly used to release […]
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No, it is unlikely that your credit score will impact your eligibility for equity release. That being said, the lender will still conduct a credit check on applicants as part of the equity release application process. While your credit score may not be an important […]
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Yes, you can certainly take out equity release if you still have a regular mortgage outstanding – and this is very common too. You will be able to use an equity release mortgage to release cash that is tied up in your home and typically, […]
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Equity release is an increasingly popular way to release cash that is tied up in your home. For people over 55, it can offer an important injection of cash to maintain a good quality of life or be used for things home improvements, to top […]
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Yes, it is possible to be approved for a bridging loan, even with a bad credit history, defaults or CCJs on your credit file. Bridging is a form of secured lending, so provided that you have a valuable property or opportunity in the pipeline, there […]
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A bridging loan can take between 2 to 4 weeks to complete and be funded, although some projects can take several weeks or months depending on various property checks and other delays. Bridging loans are often used to complete on properties within a tight deadline, […]
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Bridging loans start at around 0.44% per month, but the typical interest rate charges is around 1% per month, with loans ranging from around 3 to 24 months in total duration. There are various fees involved during the application process including arrangement fees, broker fees, […]
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A secured loan can take around two to four weeks to complete and it is often funded within a matter of hours or days once approved. Some lenders may be able to complete on secured loans quicker than others, but the reason that it takes […]
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Yes, your credit score will matter if you are looking to be approved for a secured loan. However, there are other factors that lenders will take into consideration such as your income, employment status and the value of your property that you are using as […]
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When applying for a secured loan, because it is secured against a property or valuable asset, you typically need to provide the lender with some key documentation as proof of income, ownership and affordability, including: Proof of identity (passport, drivers license) Proof of employment […]
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When you die or go into long-term care, your equity release plan will be complete and your beneficiaries or the executors of your will are required to repay the entire loan sum and interest to the provider. The average equity release provider will give you […]
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Yes, you will absolutely be able to leave inheritance for your children and grandchildren if you are taking out an equity release mortgage. With an equity release product you are releasing money from your home (around 20% to 60%) and using this towards things like […]
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Typically, you will not lose your home from taking out an equity release plan and the Equity Release Council has strong rules in place to prevent this and to ensure that your home is always yours. However, there are some certain circumstances where your home […]
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Yes, if you take out an equity release plan, you can still maintain ownership of your home. With a lifetime mortgage product, which is the most common type of equity release, you will still retain ownership of your home, flat or property and can continue […]
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There are various different reasons why a loan application can be declined, from not meeting the age, income or credit status requirements. It is important to know that every lender is different and although you were declined with one, does not mean that you will […]
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If you’ve looked for a loan before, you’ll have come across the term ‘APR’, this being used for loans, mortgages, car finance and credit cards. The APR on products can help prospective borrowers find and compare the right personal loans for them. But what exactly […]
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With stricter lending criteria coming into place and a boom in digital technology, the UK is experiencing a huge demand within the loans industry – many now looking to apply for a loan online. Lending giants such as Wonga, QuickQuid and more have recently fallen […]
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The phrase “Subject to Status”, when applied to a loan, means that the success of a loan application will be subject to certain factors – e.g. the applicant’s income and credit history. Many may have noticed this phrase used on loan applications, wondering why it’s […]
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No, once you have signed a guarantor loan agreement to become a guarantor and the loan comes through, you cannot stop being the main borrower’s guarantor. There can however be a two-week period after the loan has been sent to your, the guarantor’s, account, where […]
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If you have applied for a guarantor loan, but then get declined due to the guarantor you have chosen for the loan application, you may be wondering why this has happened, and what it means when applying for future guarantor loans. Your guarantor may have […]
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If you haven’t got the rate that was advertised for a loan, you might be wondering why this is – the answer: it can be a number of different things! Not getting the rate that was advertised on a loan can leave some borrowers feeling […]
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A lender will only ever contact an applicant’s employer in certain circumstances. For example, if you are applying for a mortgage or certain loan products, then some lenders may phone or email your employer to verify your employment, as well as other additional financial details. […]
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If your guarantor refuses to pay in the circumstances where they are contractually obliged to, the lender will usually take the necessary steps to try recover their funds via the guarantor. When a guarantor signs an agreement, they are legally obligated to see it through […]
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When becoming someone’s guarantor for a loan, there are certain obligations expected from you. When becoming a guarantor, you’ll be required to cover any repayments that the main beneficiary fails to make. If the borrower you are a guarantor for fails to keep up with […]
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A Financial Advisor advises both individuals and organisations in their decisions with financial matters: including savings, mortgages, insurance products and pensions. The main role of a Financial Advisor is to provide financial guidance that is tailored to their client. This guidance can extend to a […]
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When you enter into a car finance agreement, it can feel very final and like there is no way out. We all know that signing up to a car finance agreement is a big decision that should be properly considered, but many of us don’t […]
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Buying a new vehicle is exciting, and car finance can make getting your dream car more affordable. Whether it is your first car or it is time to trade in your old banger for a new ride, there are a few things to watch out […]
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Using a finance agreement is a popular way of funding a car purchase. It can give you access to vehicles that might usually be out of your price range and gives you the chance to split the cost over several years instead of paying out […]
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Finance plans are a very popular way of purchasing vehicles. Many car owners choose to buy their cars through finance agreements as opposed to outright as there are many benefits such as splitting the cost over many months. The confusion comes when you want to […]
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Arranging car finance isn’t always easy, and when you are exploring all your options, the chances are you will come across some financial jargon that you just don’t understand. It is vital that you know exactly what you are looking at it when it comes […]
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As of December 2018, the average UK households credit card debt stood at £7,863, an amount it would take over 25 years to pay back if only minimum repayments were made. Unfortunately, not everyone can afford to make those repayments, often through no fault of […]
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Interest rates affect all of us, whether we borrow money from a bank, carry a balance on a credit card, or have a savings account. When we borrow money, we pay interest on our repayments, calculated as a percentage of the total amount we owe. […]
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Taking those first steps onto the property ladder is no easy task; it takes a lot of saving and can take years to have enough to be able to buy your first home. With houses getting increasingly expensive, it is becoming more and more challenging […]
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When you apply for a personal loan, one of the first questions lenders ask is ‘are you a homeowner?’. If the answer’s no, anything beyond a low-value, unsecured, personal loan may be beyond your reach. However, if you’re a business owner, the answer as to […]
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Small businesses often struggle with getting approved for finance and loans, especially if they are newly established. This is usually because they have not yet had the chance to build up their own credit score. Global supply chains stretch across the world, and companies are […]
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According to research carried out by The Sage Group, 17% of invoices issued by small to medium-sized enterprises (SMEs) are paid late; 50% of those that receive late payments say it has an impact on their ability to operate effectively and can lead to their […]
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Financial products can be confusing, and as there are so many different options available, it isn’t always easy to know which is going to be best for you. It can be worthwhile to seek the help of an experienced professional who will have the knowledge, […]
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Starting up and growing a business is no easy task, and the majority of new businesses can’t get off the ground without some form of funding. Despite the government encouraging banks and lenders to approve business loans, there are still a large number of small […]
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When it comes to funding, there is a vast array of options available to suit individuals and businesses of all shapes and sizes. Some funding options are fairly straightforward, while others are more complex and difficult to understand fully. One of the most complex funding […]
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In 2017, over 60% of invoices raised by small and medium-sized enterprises (SMEs) and accounting for £21 billion worth of business were paid late. While larger organisations might have the working capital available to cover any shortfalls from late payments, for SMEs, this can be […]
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Starting up a new business or growing your existing business is no easy task. It takes hard work, time and money to grow a business, and many new and small companies struggle to find the funding they need. As a business owner, it can be […]
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Thousands of individuals dream of owning their own business one day, and for those that have worked hard to climb the ladder to management at an existing company, it can seem like an impossible task to ever own their own company. Managers will often have […]
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Almost every business will have debts of some kind, and it is nearly impossible to run a company without incurring some debts along the way. Having various debts with different lenders can be both confusing and expensive. As a business, it can be a struggle […]
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Every company needs working capital in order to operate. It is used to pay employees, customers and invest in long-term organisational growth. Without it, a business is unlikely to succeed. Yet, many companies focus more on cash flow (which is still important) rather than whether […]
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Running a business is no easy feat and staying on top of your finances in an unpredictable economy can be much more difficult than anticipated. If you find yourself struggling financially, then being in the know as far as loans and facilities are concerned is […]
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Companies who take payments from customers using card terminals and looking for an injection of cash to cover the cost of short-term expenses or invest in business growth have a number of options available to them. One which is becoming increasingly popular, especially when compared […]
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Cash flow, or rather cash flow problems, are the primary reason most businesses in the UK fail. If a business can’t find the right balance between income and expenditure, it won’t succeed. Which is where invoice discounting comes in, allowing companies to better manage their […]
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Cash flow issues can be a challenge, especially when you know you have financial commitments to pay out. Finding a solution to this challenge can be just as difficult but rest assured there are a number of solutions out there suited to specific business types […]
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Setting up a new business doesn’t come without its difficulties – and staying on top of things financially is often the largest difficulty of all. In the past, ensuring that your business bank account was fitted with a business overdraft was the most common form […]
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According to LinkedIn, one of the biggest issues faced by companies starting out or looking to grow is financing, closely followed by cash flow. Financing is needed to purchase the supplies and buy-in the resources needed to get a business off the ground, while a […]
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Taking out a loan for your business can be a challenge, and there are often strings attached that business owners don’t fully understand. There is significant importance attached to understanding conditions attached to business loans, such as personal guarantees, and understanding exactly what they mean […]
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If you have a newly formed business, then you may find that generating cash is a difficult feat – getting accepted for a business loan is difficult at the best of times but add being new to the business world to the mix, and you […]
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Sometimes you might find yourself with an overdraft or a credit card and have a need or want to raise the credit limit. You might have several motivations for doing so, and fortunately, it can be done. Despite credit limit referring to the maximum set […]
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Having a credit card is important considering the different ways it can help you offset pressing financial needs. Most importantly, it’s highly useful in building a credit record or enhances it while offering the funds you need to offset emergencies. However, applying and getting your […]
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Many individuals worry about what would happen if they become sick or get an injury that means they can no longer work and earn a living. Becoming seriously ill could mean you can no longer do your job and have a steady income and could […]
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0% purchase credit cards can be beneficial if used well. It’s perfect for saving on huge and crucial purchases as long as you’re able to clear the balance within the agreed or introductory period clearly indicated. It’s superb for anyone thinking of a major purchase […]
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It’s not uncommon for most people to wonder how MasterCard differs from Visa. Essentially, both companies have a lot of similarities, but there are a few distinct differences too. Of importance is that both MasterCard and Visa don’t distribute or provide debit or credit cards. […]
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One of the most important things you need to pay attention to before you leave the UK for the rest of the world is ensuring your money is safe. Compared to credit cards, cash is very unsafe and could tempt foreigners in their environment to […]
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One of the best perks of using most credit card services is the opportunity to enjoy benefits that come with it. These rewards are varied, but enjoying cheaper or free flights is often at the top of the list. You can really cut the cost […]
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Once your credit report has been analysed, it’ll determine whether you can access credit from most institutions, including credit card companies. While applying for a credit card, the providers usually take into account a person’s credit score, which is determined by different factors. The decision […]
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Many people worry about being made redundant and what it could mean for their families, homes and bills. If you are suddenly out of a job, it can make paying your mortgage, bills and day to day expenses a struggle, especially if you have a […]
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Running your own business is rewarding, especially when business is going well, and things are running smoothly. However, being self-employed does mean that you don’t have the same protection and security as those in an employed position. If you find yourself in a situation where […]
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In today’s world, having a poor credit rating can feel disastrous. However, unlike in the past when it was almost impossible to improve it, you can do something about it. You can actually build your credit rating using a credit card. It’s most important to […]
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If you miss a payment for your credit card, or carry out international transactions or even simply withdraw funds from the card at an ATM, the results are very costly as charges begin to apply. Charges will also apply if you go over credit card […]
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It is a common misconception that life insurance and life assurance are interchangeable terms for the same thing, but in actual fact, they are different types of policies that work in different ways. It is important to understand the key differences between life insurance and […]
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Life insurance is often one of the most important insurance policies you will ever take out as it provides your family with financial stability, and you with peace of mind that your loved ones will be cared for when you are no longer around. Choosing […]
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Life is full of unexpected surprises, and while we all hope for the best for ourselves and our families, it is often worth preparing for the worst. Critical illness cover can help to protect your loved ones should something life-changing happen to you, and while […]
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One of the best ways of purchasing different services and products you need on a daily basis is a credit card or debit card. Both credit and debit card are the same in that regard considering they help you purchase the different items you require. […]
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Understanding all the various options available when it comes to life insurance can be confusing, and it isn’t always easy to think about what will be best for your loved ones in the event of your death. It is important that you properly understand your […]
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It is a common misconception that every life insurance policy is the same, but in reality, there is a range of different types of life insurance available and choosing the best one for you can be confusing. If you have a family that depends on […]
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According to the most recent data released by Finance UK, approximately 4,000 homes a year are repossessed due to non-payment of mortgages and over 77,000 more homeowners are in arrears. Not being able to pay their mortgage and losing their home is probably one of […]
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Thinking about what would happen after you die is never pleasant, but it is often necessary in order to properly provide for your loved ones should you no longer be around. It is essential to be prepared and ensure that your family can adequately cover […]
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Life can be unpredictable, and it is essential that you are properly prepared for all eventualities. Nobody ever expects to fall ill, but when the worst happens, it can cause some serious problems for both you and your family. Critical illness cover can provide you […]
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Early Repayment Penalty also refers to Early Repayment Charge (ERC) and indicates a fee you might be required by a lender in case you paid off your mortgage or loan prior to the credit facility’s scheduled term. A redemption penalty is usually equal to one […]
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For home buyers who want their mortgages to reflect the base rate changes, perhaps tracker mortgages can really help. Tracker mortgage refers to variable rate types of mortgages where interest rate payments are controlled by the base rate changes of the Bank of England. Base […]
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Once a tracker, discount or fixed rate mortgage has come to an end the lender usually quotes another interest rate mostly known as the Standard Variable Rate (SVR). Lenders have the freedom to set their own SVR, which becomes the interest rate by default to […]
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One thing a mortgage shopper wants is the security that they won’t be under pressure to pay back more than they can afford. Fixed rate mortgages are considered the best in this regard considering they allow takers to enjoyed fixed interest amounts to be paid […]
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Once you’ve made up your mind that you need a mortgage and have set eyes on your perfect home or investment opportunity, then the DIP (Decision In Principle) comes into play. DIP is also referred to as lending certificate or AIP (Agreement In Principle) or […]
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Being self-employed is looked upon as the dream. Working from home if you so wish, being your own boss, managing your own hours and doing a job that you love. In writing, it does indeed seem that way. However, in reality, self-employment and staying motivated […]
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Taking the plunge and deciding to work for yourself can be a challenge and it takes a lot of personal strength and self-awareness to make that move. Doing so when you have minimal money to put down as capital is an even bolder move, but […]
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Throughout your life, there will be several times where you will have to make big financial decisions that will affect your future. If you have little or no experience in managing your finances and investing your money, then it can be difficult to make these […]
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Renovation and home improvement are definitely turning into what could be a viable business opportunity for homeowners, with more and more people making positive changes to their homes with the intention of boosting the profit they will gain upon reselling. If this is something that […]
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While all business owners, small or otherwise, dream of affluence and positive business transactions, sometimes life gets in the way and business starts to suffer, leading to cash flow issues beyond your control. If this is the case, then accessing and ultimately addressing the situation […]
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If you’re looking at selling your home- or else you’re looking at doing some work to your house now, to benefit it further down the line – then being strategic and understanding what types of home improvements will increase the value of your home is […]
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Working from home is arguably considered to be on the major benefits of being a freelancer, a business owner or a sole trader but unfortunately for some, certain problems arise from being given the freedom to operate in your own home. Finding motivation and being […]
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People invest heavily in their future with the hope of living a quality life after retirement. Even the government acknowledges you might need more funds than it provides for retirement and recommends ensuring you are eligible for a state pension as well as paying into […]
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In the UK today the disabled are over 13.9 million according to Scope research. They include children, working-age adults and pension age adults. Also, about 11.8 million people today are above the age of 65 and projected to hit 16 million in just 17 years […]
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Rental properties are in high demand in the UK, with more and more people on the hunt for affordable properties for rent all across the country. Many tenants are looking for cheaper renting options, especially in expensive areas such as London, and HMOs can offer […]
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Investing in HMOs (House in Multiple Occupation) can be an attractive option to many landlords. The amount of income you can earn through an HMO is often higher than with standard to buy to let properties, making them an interesting investment. Managing an HMO does […]
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Anyone who graduated from university over a decade ago will remember student accommodation being run-down, freezing house shares with an array of problems. In more recent years, students are choosing to spend more on their rent and live in luxurious homes and purpose-built student accommodation. […]
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When you are considering investing in property and using some of your money to try to make a decent return, serviced accommodation or serviced apartments might not be your first thought. More and more people are choosing to invest in serviced accommodation instead of buy-to-let […]
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In April 2017, the UK government introduced changes to the way landlords needed to pay their taxes. These changes, which are being phased in over a four year period, mean landlords with residential properties will no longer be allowed to deduct allowable costs related to […]
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Buying a holiday home is a dream for many; the idea of being able to escape to your own holiday destination whenever you fancy is an exciting prospect. Holiday homes are not only a nice luxury but can also make for an attractive investment opportunity. […]
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Renting out a property you own can be an excellent way of securing some extra income and is a great long term investment that many are making the most of. When you invest in buy to let properties, you will be a landlord to the […]
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The rise of renting in the UK has made the prospect of buy to let investing a pretty interesting one to many people. Investing in a property and renting it out can be a very profitable way of using your cash, but only if you […]
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According to the Office for National Statistics, there are over 4.8 million self-employed people working it the UK, a figure that has been increasing steadily since 2001. Initially, this increase was in response to the economic downturn. However, despite unemployment now being at an all-time […]
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Since 2011, the number of new business start-ups in the UK has increased significantly year-on-year, a trend many experts say is set to continue. Unfortunately, 40% of these businesses fail in the first five years, and cash flow (or a lack of it) is one […]
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With renting in the UK becoming more and more popular, there has never been a better time to become a first-time landlord. The demand for rented properties is constantly on the rise, and it isn’t expected to slow down any time soon. Renting out a […]
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The number of people starting their own business in the UK has been growing steadily for over a decade, in part due to the uncertainties brought about by the economic downturn. It is also because working for yourself can mean a more flexible lifestyle and […]
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Buying a new property is an exciting time, and once you have found your dream home and begun the buying process, the last thing you want is a home survey report uncovering issues. It can often be frustrating after spending time searching for the perfect […]
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Most people will only buy or sell a property a handful of times during their lifetime, and the conveyancing process can often be very overwhelming to those with a limited experience of the property market. Whether you are buying or selling a property, it is […]
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Choosing the right type of loan can be difficult, especially when there are so many different types out there for borrowers to consider, with varying interest rates and specific requirements attached to all of them. If you are struggling to take out a loan through […]
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The home buying process can be very confusing, especially to those new to the property market. Along the way, you will likely hear many terms that you simply don’t understand, but it is important to get as much information as you can about the process […]
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Finding yourself in financial difficulty, particularly in an economy such as this where the cost of living is on the rise can be especially tough. While debts are an everyday occurrence in a vast number of peoples’ lives, allowing them to spiral out of control […]
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Buying a house is often one of the most significant financial decisions you will make in your lifetime, and as well as the price of the property itself, you also need to factor in the cost of the conveyancing process. Conveyancing comes with various fees […]
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Buying a new property is an exciting time and a big financial decision that is not without its risks. When you buy a new home, you will also be taking on the responsibility of looking after the property and investing in it where necessary. If […]
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Taking out a loan, through whatever means, can often be a lifeline if you’re struggling financially. However, unfortunately, sometimes financial difficulties don’t stop after you’ve taken out the loan and you may find yourself in a position where you can no longer afford the repayments. […]
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The desire to improve your home comes regularly – but, generally speaking, it can also come at a significant cost, depending on the type of improvement you’re looking at. Finding cost-efficient ways of improving your home can give you that feeling of a brand new […]
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Most people suffer some sort of financial hardship at some point in their lives. While there are plenty of options available to people who own property as a means of releasing equity, if you’re unable to do so you may find that the options available […]
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Approximately 30% of people in the UK are at risk of not getting the best deals when it comes to loans because of their credit rating. The lower your credit rating, the lower your chances of being approved. Thankfully, there are things you can do […]
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When a partner or family member dies, it can be more difficult to handle when you also have to deal with their debts. This article explains the steps you should take to deal with the debts of someone who has died. If you need further […]
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If you receive a late payment letter, it can be very stressful, but you should try not to worry. Initially, it is important that you understand which of your debts are a priority. The next step is to begin to deal with them. You can […]
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Life brings about those unexpected costs at the most inconvenient of times and coming up with ways to find the money can be tough. This is especially true in an economy where the cost of living is continuously on the rise. If you’re fortunate enough […]
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According to figures released by the Office for Budget Responsibility in March 2018, the average household’s debt-to-income ratio has been steadily increasing over the past few years and is set to reach 146% by 2023. Unfortunately, this means the number of people missing payments, defaulting […]
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Acquiring credit is a difficult thing to do, especially if you’ve never taken out credit in any shape or form before, or else if you have a bad credit history. If you’re in dire need of a loan, for whatever reason, but you don’t have […]
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Last year, one in five people were turned down for a personal loan or credit card. Over 40% of these were rejected because of poor credit. If you were one of those people, and need to take out a loan, you might think your only […]
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Understanding loans can be difficult, especially with all the different types available to lenders. If you’re struggling to take out a loan because of your credit rating, then there are options out there for you. However, these options often come with negative repercussions. Being aware […]
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Guarantor loans are a form of unsecured debt which – as the name suggests – require someone to co-sign your loan application, acting as a guarantor and agreeing to make repayments if you’re unable to. Generally, guarantor loans are for between £1,000 and £15,000 and […]
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A guarantor loan is an unsecured loan, generally taken out by someone who has a poor credit rating or no credit history. They need a person with good credit to co-sign their application. This person is known as a guarantor and becomes responsible for payments […]
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Buying a new home at an auction can be an exciting and thrilling way to purchase your next property. Whether you are buying your next home or a property to develop, buying at auction can be a great way to bag yourself a bargain home. […]
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When you are in a difficult financial situation, applying for a payday loan can seem like the only solution. These short-term, high-interest loans are easy to be accepted for and can give you money in your bank account within minutes. They are designed to bridge […]
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When you need to borrow some money, it can be difficult to know which type of financial product is right for you. There are loads of different lending options available, from mortgages and car finance to credit cards and payday loans and knowing which is […]
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Payday loans are a popular option for individuals who are in need of a small amount of cash quickly and are often used to help bridge the gap until the next payday, hence the name. They offer a quick and simple solution when an emergency […]
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If you are buying a new home, then the chances are the seller of that property is also buying another home to move into themselves. You are probably in the process of selling your home to someone else as well unless you are a first-time […]
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When you find yourself in a difficult financial situation, you might consider a payday loan to tide you over until your next pay check. Emergency expenses happen to everyone at one time or another, whether it is that your car has broken down, a pipe […]
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Whether you are a buy to let landlord, potential homeowner or a property developer, buying a property at auction has its benefits. Many individuals choose to buy property at auction rather than traditional methods because there is often a good deal to be had. Many […]
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When you are struggling to find the money to last until your next payday or an emergency arises, and you need some extra funds quickly, it might seem like a good idea to get a payday loan. Payday loans are short-term finance solutions that are […]
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Every type of lending or financial product can have a negative impact on your credit score if they are not managed properly, and payday loans are no different. Payday loans are a form of short-term finance that is designed to bridge the gap between paydays […]
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Getting onto the property ladder is hard, especially in today’s economy and as a parent, you want nothing more than to ensure a bright future for your offspring. Not everybody can afford to give their children large amounts of money to help them buy their […]
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According to trade association Finance UK, 4,700 homes were repossessed in 2017, approximately 500 a month. This is down almost 50% on the previous year but still means there are plenty of properties out there for buyers looking for a good deal on their next […]
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For buyers looking for a bargain or investment opportunity, auctions offer the chance for them to pick up a property at a good price without going through the many steps it takes typically to buy a house. It also presents a number of potential pitfalls, […]
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Moving house can be ridiculously expensive, with large amounts of money made payable to different companies and individuals for different things. Before you make the decision to move from one house to another, figuring out what you’ll have to pay and to who is one […]
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When you replace several credit card debts with one larger loan, it is called debt consolidation. One way to consolidate your credit card debt is to transfer the balances of all of your existing credit cards to one new one. Some credit card providers offer […]
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According to Repossession Stoppers, there were approximately 500 home repossessions a month in 2018. Repossessions happen when a homeowner with a mortgage can no longer afford their repayments, and the lender takes back ownership of the property. They have a number of stages, each of […]
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Ah, the dream – purchasing a second home. You’ve worked hard, and you’ve got the dough to do what so many dream of their entire lives. If you’re considering buying a second home, then you ought to consider a number of different things beforehand, because […]
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More and more people want to build their own homes, approximately 10% in 2017 according to cash house buyer Ask Susan. They’re attracted by the idea of getting to live in a house they’ve designed in a location that suits them. The price, which can […]
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Debt happens to the best of us but if you find yourself with several different types of debt then working out what to pay off first can be particularly daunting. Getting rid of your debts through repaying your lenders is hard work and takes a […]
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Struggling to make your mortgage payments can be overwhelming, and knowing what to do next or where to turn to isn’t always easy. Many people in this situation choose to ignore the problem in the hope that it will go away on its own, but […]
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As of September 2018, the average level of debt in the UK was £58,540 per person, approximately 114% of average earnings. It’s probably no wonder, then, that a recent report by the National Audit Office found 8.3 million people were unable to pay their debts […]
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Having financial issues and rising debts is difficult for anyone- but especially so for people who are of lower financial means. Keeping on top of things when money is tight is particularly difficult, and the temptation to take out credit to cover basic costs can […]
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Payday loans are short-term loans generally used by people in need of money before their next payday (hence the name), though longer-term loans are also available. Also known as cash advance loans, they have high interest rates and steep penalties, e.g. for late payments. As […]
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The average person in the UK has credit card debts of £7,912, with an average credit card interest rate of 18.3%. If this is you, and you only make minimum payments, it will take 26 years and seven months to pay off your debts. Which […]
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Catalogues allow you to buy everything from household items to electrical goods to clothing and pay from them monthly by opening a credit account. In a way, it is similar to a credit card as the credit is unsecured and you are charged interest on […]
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When you’ve debts you can’t pay, you have a number of options. None simply write off your debts, but they do make them more manageable, meaning it’s easier to become debt free. Debt Management Plan (DMP) A Debt Management Plan (DMP) is an informal agreement […]
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When you are in negative equity with your property, it can cause some issues if you want to move to a new house or remortgage. Being in negative equity is a difficult situation that is often difficult to fully understand. If you are in negative […]
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When you are in a situation where you are struggling to pay your mortgage but don’t want to move home, you could consider a sale and rent back scheme to stay in your home. The sale and rent back industry has received a huge amount […]
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For most people trying to take their first steps on the property ladder, getting the deposit together is the biggest challenge. Saving enough to put down just a 10% deposit can take years, making the idea of owning a home a distant dream for many. […]
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Selling a property is often going to be one of the most significant financial transactions you will make during your lifetime. When it comes to deciding on a final price with your buyer, it can be challenging to negotiate, and the outcome will have a […]
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When you are left to sell the estate of someone who has died, it can be a complicated process. The process of selling a probate property has more complications than an ordinary property transaction, and it is not something that many people have to deal […]
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At some point in your lifetime, the chances are you will have to downsize your home for one reason or another. Whether your children have all flown the nest and you no longer need such a big property, or you’re relocating to a more expensive […]
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The housing market is always changing and knowing when the best time is to put your house up for sale can be difficult. Selling your home is a big decision, and whether you are selling because you are relocating, moving to a bigger home, or […]
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There are no debt problems that are not able to be solved. The solutions will not always be simple, and you might not get immediate results, but there is always a way. Prompt action will put you in a better position to repay your debts […]
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Recent government schemes are giving housing association tenants the opportunity to purchase their home and make it their own. If you are living in a housing association property, then you might be able to purchase it under the Right to Acquire government scheme. Similar to […]
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Many individuals in the UK live in council housing and have done so for many years. In recent years it has become increasingly popular for families in council homes to buy their properties. Not only are they much cheaper to buy than other properties, but […]
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Buying a property is no easy task, it requires a large upfront deposit and a decent income in order to be approved for a mortgage. For most individuals, coming up with a 10% or even 5% deposit can be a real struggle and often is […]
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Debt Management Plans (DMPs) are informal agreements allowing you to pay off unsecured debts by making one, affordable, monthly payment. They do not reduce the size of your debt, which still needs to be paid off in full. Is A DMP The Same As Debt […]
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If you aren’t able to pay off your debts, you can declare yourself bankrupt, a process whereby your debts are written off (allowing you a fresh financial start) as long as you abide by certain conditions. Applying For Bankruptcy Applying for bankruptcy costs £680 and […]
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A debt of any size can cause stress, sleepless nights and strains in relationships. Furthermore, debt can damage credit scores which can impact your financial situation in the future. However, many of us rely on borrowing to make ends meet or to cover costly expenses […]
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Buying a home abroad is a dream that many Brits have, whether it’s a holiday home for a bit of sun throughout the year or the perfect retirement plan. Whatever your reason for wanting to purchase a property abroad, it is important to properly research […]
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Knowing if your property is leasehold or freehold might seem like technical legal jargon, but actually, it is one of the most important things that you should know about your own home. It can be the difference between owning your home outright and having a […]
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Buying a new home, especially if you are a first-time buyer can be very overwhelming. The home buying process is lengthy, and complications can occur. It is often the biggest purchase of your life, and all the decisions you make during the process of buying […]
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Choosing whether to buy or rent a property can be a difficult decision, and it is a debate that has been ongoing for many years. Buying your own home is often the biggest financial decision you will ever make, so it is vital that you […]
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In recent years the property market has changed significantly, and the rise of online estate agents has played a major role in the way homes are now sold and purchased. For those who are accustomed to traditional estate agents, using an online only service can […]
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Buying and selling property is not something that most people do on a regular basis, many people will only buy or sell a property a handful of times in their life. Estate agents are there to make the process easier and handle a lot of […]
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Moving into your new home should be an exciting time in your life, but when you are organising final bills, exchanging contracts and frantically packing up boxes it can become very stressful. Forward planning and careful organisation can minimise some of the stresses of moving […]
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According to UK Finance, last year the average mortgage for first-time buyers was £145,000, and the average deposit was 15.6%. This equates to a deposit of around £22,000, a pretty daunting figure and one that could put you off if you don’t have any money […]
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The average wedding now costs over £20,000, but you don’t need to spend a small fortune to have the day of your dreams. Planning your wedding will be much easier if you start saving early. Here are some steps to help you save for your […]
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Have you ever purchased a product and discovered it’s faulty? Or booked a holiday only for the hotel to go bust? If you used a credit card to pay for these transactions, then you have the right to a refund even if the retailer declines, […]
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While loans are there to help you through difficult times, keeping on top of payments is especially important to keeping your credit rating secure and ensuring your financial situation stays in tip-top shape. Finding yourself in a difficult financial situation can be incredibly difficult, especially […]
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Credit unions are community-based financial institutions that are owned and controlled by their members. Traditionally, they were set up by groups with a common bond, e.g. workers, trade unions or people who all lived in the same area, but this changed in 2012 and now […]
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Recurring payments – continuous payment authorities – are regular outgoings that leave your financial accounts in the same way that a direct debit would work. While they look like direct debits, they definitely aren’t. Continuous payment authorities (CPA) allow companies and external money providers to […]
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Declaring bankruptcy is a way for you to become debt free when you can’t pay your creditors. It’s a big decision, one that can have long-term effects on your daily life and may not be right for everyone. What You Need To Know About Declaring […]
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Mortgage brokers are financial advisors that specialise – as their name suggests – in mortgages. They work with individuals looking for mortgages, carrying out affordability assessments, explaining the application process, and recommending the best deals based on a borrower’s personal circumstances. Different Types Of Mortgage […]
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If you’re thinking of taking out a loan, mortgage or applying for a credit card, you’ll probably encounter the terms APR and APRC. Both relate to the interest you will end up paying, and it’s essential you understand what they mean, why they are used […]
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Doorstep and home credit loans are one in the same thing, a way of lending money without having to apply to a bank, building society or credit union for a loan. Instead, loans are provided by home credit lenders who visit you at home to […]
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After the 2008 credit crunch and the financial crash that followed, the UK government carried out a thorough review of the mortgage market, implementing changes that came into force in 2014. These changes were the result of the conclusion drawn by the government that mortgages […]
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With the life expectancy of people in the UK increasing on a yearly basis, more and more older people are searching for money to help see them through retirement and beyond. Unfortunately, getting a loan as an older person is difficult to do from standard […]
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Finding the money to deal with unexpected costs in a time where peoples’ financial situations are at their worst is tough. Often, people will undertake desperate measures to make sure that they don’t go without. More and more people are opening themselves up to the […]
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If you’re planning on applying for a loan, mortgage, or credit card, your credit score will have an impact. It will determine whether you are approved and the interest rate you’ll have to pay. The lower your score, the less likely a lender is to […]
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Whether you are planning on applying for credit or just like to keep track of your finances and credit score, getting a free credit report is often a good idea. There are hundreds of websites out there offering credit reports and other services and knowing […]
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It is not uncommon for small to medium businesses to experience cash flow problems, especially when they have a number of outstanding invoices waiting to be paid. Large enterprises are notorious for making late payments to smaller companies, and for entrepreneurs and new businesses, it […]
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Being turned down for credit can leave you wondering where to turn to next. If you are in a situation where you need to borrow money, getting refused credit can be very frustrating, and leave you feeling as though you are out of options. Many […]
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Your credit rating is a number that lenders will use to decide how risky you are to lend money to. Whenever you apply for a credit card, loan or another type of finance agreement, the lending company will run a credit check on you before […]
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Credit ratings are often misunderstood and a mystery to most individuals, and when you have a bad credit rating it can be both stressful and costly. Having a healthy credit score can open up a range of financial options when you do need to obtain […]
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If you have a poor credit rating and are unable to resolve it quickly, it can feel like you have no options when it comes to borrowing money. It is possible to get some forms of finance without the lender having to run a full […]
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Getting on top of your finances in an economy such as ours can prove to be a difficult thing and the number of people requiring alternative methods of funding has increased exponentially. Borrowing money in a wide range of different ways has never been easier […]
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Every time a new loan, credit card or finance product is arranged, it is covered by the Consumer Credit Act 1974. The Consumer Credit Act was explicitly designed to give consumers some protection when they take out financial products such as loan agreements and credit […]
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Welcome to Student Cash Point here at Lending Expert. We’ve added more features and a new advanced search facility to open up even more FREE student funding opportunites throughout the UK. Our goal is to grow and expand our funding and sign posting services to […]
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When you decide to purchase a new motorbike, the chances are you want to get your hands on your new wheels as quickly as possible. Before you can get your leathers on and hit the road on your new bike, you first need to decide […]
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If you have been declined a mortgage from your bank or mortgage lender then dont worry as we may still be able to help. Our experts help mortgage applicants who dont fit the ‘standard’ mainstream requirements and who may have been refused a mortgage or […]
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When it comes to retirement, it can be challenging to know all the options available to you. While you may have some kind of pension set up, it can be a struggle to have enough cash to enjoy your retirement how you want to. There […]
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Are you looking for a way to release equity? One of the most popular equity release schemes, alongside lifetime mortgages, is a home reversion. So what home reversion and is it right for you? What Is Home Reversion? A home reversion scheme is one of […]
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It is never easy to think about the future in terms of care needs or not being able to live in your home. However, in order to make the right financial decisions to ease the burden on your family, potential future care needs must be […]
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Entering the property market is a big and exciting decision, and every property investor has to start somewhere. Whether you’ve decided you want to become a landlord for some extra cash flow or you want to begin building your own property empire; getting a buy […]
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Buying a house is probably the single more terrifying (yet exciting) thing you will do in your lifetime, and ensuring that you make the most sensible purchase, with the best possible mortgage to support your purchase is essential. Your mortgage will constitute the most significant […]
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looking to secure a Fixed Rate on their new mortgage but don’t want to get stung by the Early Repayment Charge? Our diverse panel can offer Fixed Rate second charge mortgage products ERC Free. With potential uncertainty and looming Brexit – You can have the […]
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If you have a property that has no mortgage and you wish to take out extra borrowing against the property then we can help. A secured loan for an unencumbered property is an ideal solution when a mortgage from a mainstream lender is unavailable due […]
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We are currently offering 1st & 2nd charge Buy to Let mortgages and secured loans with no rental income stress testing required from the mortgage lender. This buy-to-let mortgage product is an alternative solution for landlords whereby the rental income does not stack up or […]
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For many individuals, one of the most important investments they will make is life insurance, and yet there are still a huge number of people across the country that have no cover in place. A good life insurance plan can be the difference between your […]
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Problem Customer wanted a £50,000 loan and wanted to use the funds to pay off a help to buy equity loan they took out 5 years previously. The good news was that the value of their home had increased significantly over the last 5 years […]
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Whether you are looking to purchase a van for your business or for personal use, finding the funds to buy a new vehicle can be a struggle. A van is often much more than just a useful vehicle for getting you from A to B, […]
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If you are in need of a new van, either for your small business or for personal use, there are a range of finance options available to you. Purchasing a van is a big decision, and not everyone has the financial capacity to buy a […]
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Having a range of different debts in various forms and across an array of lenders can be difficult to manage. Even the most organised of individuals can struggle to keep up with repayments on multiple debts and accidentally missing one can have a huge impact […]
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The Problem Clients wanted to borrow a £30,000 loan to complete an extension on their end terrace property. They were 12 months into a 2 year fixed rate with the Halifax and their broker could not find a 100% LTV remortgage, the existing lender coincidentally […]
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Thousands of individuals in the UK struggle to get approved for traditional loans or credit because of low incomes and poor credit history. This can be incredibly frustrating, especially if an emergency or unexpected expense arises. An alternative lending option to traditional loans is a […]
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When you are in need of a new vehicle but don’t have the funds available to purchase it outright, it can be very stressful and frustrating, particularly if a car is essential for your day to day life. Luckily there is a range of options […]
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Finding yourself a new car is exciting, and often when you come across that perfect vehicle, you want to get your hands on it as soon as possible. The biggest challenge most car buyers come across is how to fund their new wheels, and if […]
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The Case A directly authorised mortgage broker referred a semi commercial purchase to us, as they were struggling to place with a lender due to the property being a hot food takeaway with a residential flat on the first floor. Client was looking for 70% […]
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A directly authorised mortgage broker approached us with an enquiry where his client had purchased a property just 3 weeks previously. The client wanted to borrow £156,000 to carry out home improvements to the property which would include a new extension, however the client did […]
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The Case A directly authorised mortgage broker referred a client who was looking to raise £80,000 on a unencumbered BTL property purchased with cash just six weeks previously. The customer also had historic adverse credit including numerous defaults and CCJ’s. The mortgage broker was struggling […]
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Product Details Loan Size: £50,000 Product: Variable Rate: 7.99% From Secured Loan Calculator LTV: 75% The Case: A directly authorised mortgage broker referred a client who was looking to raise £50,000 to purchase a BTL. Client’s only security was his residential home and to complicate […]
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Thousands of individuals in the UK are struggling to make their funds last until their next payday and are turning to payday or short-term loans to help bridge the gap. They offer a quick and easy solution when a cash emergency arises, giving you access […]
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When it comes to borrowing money, lenders want to have a level of trust that you will be able to pay it back. Secured loans are a way for people to borrow a sum of money, which is secured against an asset such as a […]
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Anyone who has started their own business knows full well that it isn’t a simple or easy task, and the process has a huge number of ups and downs. As the business begins to grow into a powerful and prosperous enterprise, the end goal may […]
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In the world of business finance, there are straightforward funding options such as business loans, and then there are the more complex ones like mezzanine finance. But you don’t need to be a finance expert to understand the ins and outs. Put simply, mezzanine finance […]
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It is no secret that everyone wants to save money where they can, enjoy luxuries for less and get a cheap deal every now and then. If you are savvy about money, you can make significant savings a lot more often than you might first […]
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Planning a holiday or trip is always an exciting time, and there is a lot to organise before take-off, including what to pack, how to spend your days, and how to get your travel money. The latter can cause a lot of confusion, with many […]
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There’s a wide range of asset finance products, and for some business owners it can be hard to see the wood for the trees when looking for the right one for your firm. Asset finance is all about assets, and there are different scenarios where […]
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>> FREE Mortgage Brokerage For First Time Buyers According to a report by Yorkshire Building Society, 56% of adults believe owning their own home is essential to feeling successful in life. In addition, they found that 50% of young adults considered homeownership to be more […]
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If you’re thinking about getting a business loan, there are a lot of things you need to bear in mind. How much money are you looking to borrow? What are the funds for? Do you have any assets to secure the loan against? There are […]
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As a business owner you might have already asked your bank for a business loan. According to a report by the British Business Bank, 38% of business owners still go straight to their bank when they identify a need for external finance. But since the […]
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Owning your own house can provide you with security, long-term financial stability and the opportunity to really make your house a home for you and your family. A few years ago, saving for a mortgage was a challenge but not entirely out of reach for […]
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If you have never had a secured loan then you may be wondering what they are all about. Here we’ll explain what a secured loan is and how they differ from other types of loans on offer. A secured second charge loan A secured loan […]
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If you are worried about your credit rating or that you are wondering how much effect it has on being approved and obtaining a loan then you should read on. How important is it and how does it effect my chances of getting a credit? […]
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A debt consolidation loan is quite simple a new loan that you take out to pay off your existing debts. To consolidate all of your existing payment (credit cards, overdraft, loans etc) into one larger loan and only one repayment each month. Why and when […]
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If you have been researching different types of loans in the hope to find out which is more suitable for you then this may help. Listed below are some of the standard features associated with each type of loan. The features of a unsecured […]
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