The typical APR enables you to compare rates offered by other brokers or lenders offering similar types of loan or mortgage products. Most applications will qualify for a lower APR. The Apr is dependant on your personal circumstances and varies on a case by case basis.
Who does not qualify for a secured loan?
Unfortunately we are not able to arrange secured loans for tenants, unsatisfied bankrupts, or non-UK residents. There is an upper age limit for all secured loans but this does vary by lender and is based on age at end of loan term.
What if I want to move house?
You can pay the outstanding loan balance by requesting a settlement figure from your lender. Alternatively, you may be able to transfer your loan to your new house, however we cannot guarantee this for you and is completely at the lenders discretion.
What if I want to borrow more in the future?
Our experienced advisors will be happy to give you a quotation for a further advance. Simply call 0800 028 5589
I cannot prove my income, can I still apply?
If you cannot provide proof for some or all of your income, a written declaration form can be completed, confirming how much you earn. This is a self declaration and must be signed, confirming the information is correct and that you can afford the repayments.
Can I repay my loan early?
Yes, however this will probably incur charges. Please ask your dedicated loan advisor for more details. Can’t see the answer to your question?
The First Step Service is clear, simple and straightforward, no matter how complex it may seem!
Please Note: Calls may be recorded and used for training and monitoring purposes
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
FOR SECURED LOANS OUR TYPICAL RATE IS 10.9% APR VARIABLE
Rates range from 8.9% to 19.9% APR VARIABLE our highest rate is for customers with severe credit problems. * Consolidating debts may increase the total amount repayable over the term of your new loan. The amount of monthly savings will depend on the type and term of credit you repay.
Secured Loans are subject to status and available to homeowners aged 18 or over.
On some loan plans a fee of between 0% & 10% of the loan amount may be charged, depending on your credit history and ability to prove income.
First Step Loans & Mortgages Ltd is licensed under the Consumer Credit Act 1974. Our Consumer Credit Licence number is 586672, we are members of FISA (Finance Industry Standards Association) membership number is 17652411. Registered address: 1st Floor Offices, 3 Wigan Road, Westhoughton, Bolton. BL53RD
