Debt Help

Please read all of this information before you commit to borrowing money to clear your debts.

First Choice Finance is a finance broker, we are not a lender. We only advise on secured borrowing options when you are considering debt consolidation.

By secured borrowing we mean mortgages, secured loans and equity release. These are all secured on your home and therefore carry significant risks, which can lead to repossession of your home if you default on your payments.

It is very important that you consider other Debt Help routes available that may be more suitable. These include Debt Charities, Individual Voluntary Arrangements (IVA), Debt Management or Bankruptcy. A number of helpful organisations are detailed below for you to contact directly for further assistance.

The Money Advice Service

Free and impartial money advice, set up by the Government www.moneyadviceservice.org.uk 0800 138 7777

National Debtline

Free help and advice on dealing with your debt in England and Wales www.nationaldebtline.org 0808 808 4000

Stepchange

Free and Impartial Debt Advice www.stepchange.org 0800 138 1111

Business Debtline

Free debt advice service for the self-employed and small businesses in the UK www.businessdebtline.org 0800 197 6026

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.