Q) How much can I borrow?
A) From £5000 to £100,000!*
The amount depends entirely on your circumstances and how much you wish to repay each month.
(*If you require in excess of £100,000, please review our mortgage guide as well)
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Q) How can I spend my loan?
A) However you want!
It's your money and you can spend it as you please, whether it's on home improvements, a new car a special holiday, the choice is yours.
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Q) What is a Loan Stretcher Plan?
A) A loan that helps to make your finances manageable!
A Loan Stretcher Plan is a special type of loan. It allows you to pay off all your existing debts with one convenient payment, by taking the finance over a longer period. The interest rates are generally lower and repayments can be arranged over a longer period of time.
A longer repayment period will mean that you have more time to repay your loan. That however is likely to mean that you will pay more interest overall.
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Q) Can I pay more than the agreed monthly instalment?
A) Of Course.
You can pay as much as you like provided it is not less than your agreed monthly repayment. On some of our loans this can be done just through the monthly payments, on others it can be done by repaying a part of the loan.
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Q) Can I repay the loan early in a lump sum?
A) Yes the loan can be repaid at any time.
An early repayment charge may be payable on some loans.
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Q) Can I choose a repayment to suit my pocket?
A) Absolutely.
You can spread your loan over a range of repayment periods enabling you to choose how much you pay each month and ensure that your monthly repayments will cost as much as you feel you can comfortably afford.
A longer repayment period will mean that you have more time to repay your loan. That however is likely to mean that you will pay more interest overall.
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Q) What if I'm self-employed?
A) Don't worry!
We will help you if you are self-employed or have started your own business.
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Q) What if I have mortgage arrears or County Court Judgements?
A) Don't worry, UK Financials may still be able to help!
UK Financials has access to a selection of products which can assist those with County Court Judgements and mortgage arrears.
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Q) What if I wish to move house?
A) Pay it off or carry it with you!
You can pay off your existing loan with the proceeds of your sale. Alternatively, you may be able to transfer your loan to your new property, subject to meeting the lender's requirements.
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Q) Can I borrow more money in the future?
A) We're here to help!
You may be able to borrow more money after a few months as long as there is enough equity in the property being used as security and you can afford the repayments.
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A) You can count on it.
Your application will be treated in total confidence. However in dealing with your application, it will generally be necessary for us to contact certain third parties to confirm the information you have given us in your application. We will do so however, only if and when we have your consent. We will also only do so to the extent you permit us in the application form you sign.
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UK Financials is a trading style of UK Financials Limited
UK Financials Ltd. can arrange secured personal loans from £5,000 up to £2,50,000. There are no advance payments required but an arrangement fee of up to 10% of the loan amount may be charged and added to the loan. All loans are secured on your home, subject to status and available to UK residents aged 18 and over.
Example of a secured personal loan at a typical rate of 15% APR variable:
Typical example: £15,000 borrowed over 15 years repaid in 180 monthly repayments of £202.03 per month at a typical rate of 15% APR variable. Total amount repayable £36,365.40 which includes a £1,500 arrangement fee charged by UK Financials Ltd..
