Hill Finance

 Secured Loans

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WHAT IS A SECURED LOAN ?

The secured loan has always been a very popular means of borrowing for home owners. Lenders have been able to provide a multitude of schemes to a wide cross section of borrowers geared to individual circumstances. Whether you have a clean credit rating or have suffered some bad luck either currently or in the past, it's likely we'll have a plan for you.

 

WHO QUALIFIES ?

You need to be a home owner currently paying a mortgage. If you have paid off your mortgage , go to re-mortgages page. You should be either employed (full or p/t), self employed, receiving pension or state benefit. We can accept maintenance income, cash in hand, child benefit, tax credits, overtime, bonuses, etc. You should be over 18 with no upper age limit.

 

HOW MUCH CAN I BORROW ?

Secured loans are available from £3,000 up to £100,000 with repayment periods from 5 - 25 years. The loan is repaid monthly. The size of the loan is consistent with the available equity in your property and other factors particular to your case.

 

HOW CAN I USE THE MONEY ?

You can use the loan for ANY PURPOSE. The usual reasons are for debt repayment eg. consolidation of existing loans, credit cards & HP, home improvements, holidays, capital raising, business purposes, vehicles or any combination of the above.

 

 

IF YOU ARE SELF EMPLOYED

If you are unable to prove your income with accounts or self assessment documentation, we can offer you a 'self declaration' loan. The lender simply needs to see you are  self employed by way of providing a letter head, business card, CIS card, or other means (phone us if you need assistance with what would be acceptable).

 

CREDIT RATINGS

Worried about your credit rating? We have many schemes accepting or ignoring bad credit. If your having a bad time currently, or suffered in the past, dont be afraid to make an application. Problems show themselves in many ways - County Court Judgements (CCJ's), Defaults, IVAs, Bankruptcy, cautions, arrears on credit of one month or more, mortgage arrears, are the most common. Other influences are not showing on the voters roll, no bank account, and 101 other things which most 'High Street' lenders include in their point scoring systems.

The good news is that our lenders do not use credit scoring!

 

Your Home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

Think carefully before securing other debts against your home.

If required ask for details of our complaints handling procedure under the Financial Ombudsman Service.