Secured Loans. (Full status + adverse/impaired
credit) Typical loans range between £5,000 and £75,000,
although they can go all the way up to £250,000.
Whatever your financial circumstances or history, we will
find the right loan to meet your requirements (irrespective
of credit profile) - with terms tailored to ensure that
your repayments suit your budget and with no extra or
hidden costs. Secured Loans are available up to 125%
of property value (Sometimes referred to as loan to value
or LTV).
A secured loan is a loan secured on your home - this
provides the lender with some form of security, regardless
of whether it is mortgaged or owned outright. You can
borrow more with loans secured on property. secured loan
interest rates are normally lower than with an unsecured
loan because of the lower risk to the lender. With secured
loans you can also pay over a longer period of time.
Loans can be completed promptly and in most cases fees
free. First Mortgage Trust will ensure that you achieve
a well manged financial solution and situation. You decide
how much you want to borrow over what period.
Find
out how How much you can save...... |
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If
you're a UK homeowner, Apply now..... |
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Many customers use their loan to consolidate
credit card debts or car loans. Others borrow money
for a large purchase like a new kitchen, home improvements,
holidays and career changes. Whatever your ambitions,
FIRST MORTGAGE TRUST are here to help.
N.B.You will be forwarded to a secure
server when you click apply, you will have the facility
to select joint application at the top of the single
applicant secured loan application if required.
Unsecured Loans. Loans available range
from £1,000 up to £25,000. An unsecured loan
is a loan that is not secured by collateral. Most credit
cards are unsecured loans. Since there is no collateral
offered, the rate is
typically higher to compensate the lender for the greater
risk being
assumed. This type of loan is preferred for people who
do not own their own
home. If you apply for an unsecured personal loan, your
application will
usually be processed much quicker than a secured personal
loan, this is
because you do not require to have your home valued as
part of the loan
application.
Interest rates on an unsecured loan can be fixed or variable.
A fixed rate offers the
security of knowing what your payments will be each month,
a variable rate
means that if the interest rate increases or decreases,
then so do your
payments accordingly.
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