Reasons for using a homeowner loan

Conditions are improving if you want a homeowner loan, according to the Bank of England`s Credit Conditions Survey for the first three months of the year, and First Choice Finance can help you get one.

It`s the third quarter in a row that availability has increased, suggesting that there will be more people wanting to find the most suitable deal for them.

Taking out a secured homeowner loan can mean that you`re able to borrow from £3,000 to £100,000 and that money can be spent on anything legal.

Want to treat your spouse to a once-in-a-lifetime holiday for a special wedding or anniversary? You can even use a portion of the cash for that.

Alternatively, you may want to use your secured loan to help your son or daughter put down the deposit on their first home, or pay for their wedding or honeymoon.

On the other hand, you can choose to use the money as a debt consolidation loan or refinancing loan, which can enable you to reduce your monthly outgoings by spreading payments over a longer period.

However, this can mean that interest payments over the course of the loan will be greater.

Applying for a homeowner loan with First Choice Finance couldn`t be easier either – all you need to get started is take a few minutes to fill out our simple short enquiry form or call us and we will find the most suitable deal for you based on the information you give us.

You`re of course free to turn it down if it`s not for you, but if you`re happy with it, we`ll process your homeowner loan as quickly as possible to get the funds to you.

Find out more about taking out a homeowner loan by visiting firstchoicefinance.co.uk or by calling 0800 298 3000 from a landline or 0333 003 1505 from a mobile.
 

Homeowner Secured Loans 9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE) First Choice are tied to certain unsecured lenders.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on immovable property.

Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.