SECURED AND UNSECURED LOANS
The home for secured and unsecured personal loans for your clients.
The home for secured and unsecured personal loans for your clients.
We have many products to choose from! For details of all products, call us free on 0800 316 4848.
Plans Depend on:
» Can the client prove their income?
» Does the client want to self-certify their income?
» Has the client had CCJs, defaults or arrears?
» Has the client had mortgage arrears in the last 12 months?
» Does the client want us to ignore their current credit commitments?
» What percentage of the property is mortgaged?
| SECURED LENDER GUIDE | ||||||
| NEMO | LINK LOANS | FIRST EUROPEAN SECURITIES | PRESTIGE | BLACKHORSE | BLEMAIN | |
| Minimum Loan | £10,000 | £10,000 | £5,000 | £5,000 | £3,000 | £5,000 |
| Maximum Loan | £100,000 | £50,000 | £25,000 | £30,000 | £40,000 | £50,000 |
| Ages | 21-70 | 21-80 | 18-no limit | 18+ refer over 70 |
18-70 | 18-85 |
| Term (months) |
60-300 | 60-300 | 60-300 | 60-300 | 60-120 | 36-300 |
| MAX LTV for EMPLOYED | 75% | 80% | 65% | 60% | 75% | 75% |
| MAX LTV for SELF EMPLOYED | NO | 75% | 65% | 55% | 75% | 75% |
| BACKUP REQUIRED FOR SELF EMPLOYED | NO | Accnts ref if over 55% LTV | Self Dec Form | Accnts ref | 3 yrs accnts | Accnts letter & 1 proof |
| MINIMUM INCOME | £15,000 | £12,000 | No Min | £12,000 | £15,000 | £12,000 |
| MINIMUM VALUATION | £80,000 | £75,000 | £95,000 | £75,000 | £90,000 | £75,000 |
| EX COUNCIL HOUSE ACCEPTED? | 70% if out of pre-emption | 70% | 65% | 60% | NO | 65% |
| EX COUNCIL FLAT ACCEPTED? | 70% if out of pre-emption | 70% | 65% | 60% | NO | 55% |
| ARREARS ALLOWED | NO | 2 up to 65% LTV | Unlimited | 4 up to 60% LTV | NO | 6 up to 65% LTV |
| INTEREST ONLY? | NO | NO | NO | NO | NO | YES |
| BUY TO LET? | NO | NO | 65% | NO | NO | YES |
| BUY TO LET MAXIMUM LOAN | NO | NO | £25,000 | NO | NO | £25,000 |
| RATES | from 9.2% | from 11.94% | from 19.8% | from 11.9% | from 14.9% | from 13.9% |
» High service standards from experienced underwriters
» Quick decisions
» Competitive commissions paid within 5 days of completion.
» 24-7 on line case tracking available.
» LTV’s up to 80%
» Variable & Fixed Rate plans
» Interest only plans available on loans over £25k.
» Bridging and Commercial Finance available.
» Buy To Let options
» Unlimited Adverse Plans
» Self certification for Self-Employed
» No up-front fees paid by your clients including valuations
» Drive by and automated valuations used wherever possible saving time-delays.
» Loans available for any purpose
» CCJ’s and Mortgage Arrears accepted
» All income sources considered
» Ex-bankrupts and IVA’s considered
» Non –standard construction properties considered
» Any missed payments on unsecured credit ignored
