Financial Professionals

First Choice Finance has been a major home of a team of financial professionals for over 30 years. Offering help and advice on a wide selection of borrowing options including secured loans, mortgages, remortgages and equity release.

We passionately believe in offering our clients expert advice, giving advise to you over the phone whilst you are in the comfort of your home or by post.

With over 30 years experience of arranging finance for clients with good and bad credit, you can be assured that we understand your particular needs and concerns.

Why use us?
With the growth of the internet, you may well be thinking that all you need to do is to read as much free information as possible and find the cheapest interest rate possible and that therefore there is no need to use an advisor.

Well we believe taking out a mortgage, secured loan or equity release scheme is an important decision and one which will have a lifelong effect. For example with equity release no one scheme is the same and finding the right scheme not only for your immediate needs, but which also takes into account possible future, needs requires a considerable degree of technical knowledge not only of the plan details themselves but also of other factors in your life.

In short we feel we can help you and your family by:
Saving you time and your beneficiaries money- by researching the market and recommending only those schemes which most closely fit your needs and preferences from our panel of lenders. Also some of those providers may offer a finance product that may not be available by going direct. Whilst you may be able to find out details about schemes on the internet, many providers are not willing to deal direct with clients and will only accept applications via a suitably qualified advisers and financial professionals such as ourselves.

Unlike some of the other specialists, we believe in offering you a free no obligation quote to discuss your options fully with all concerned, before proceeding. We only charge a fee if you successfully get your money. First Choice Finance doesn`t represent just one company or even a handful of selected companies, we have a very wide selection of lenders.

Everyone is different... We`ll find you the best loan or mortgage for your circumstances from our panel of lenders and our lenders will help us tailor the monthly payment to suit you.

First Choice Finance specialise in arranging finance for people who want to unlock cash tied up in their homes but have previous or current credit problems.

How much can I borrow?
First Choice Finance are able to arrange loans and mortgages from £5,000 up to £2,500,000. The actual amount available to you will depend upon your circumstances, but we can sometimes arrange for you to borrow up to 95% of the current value of your home.

Over what period can I take my new mortgage?
Most of the products on offer are available from 10 year to 30 year terms and we will find the one most suitable for your circumstances. We are also able to offer terms from just 5 years for smaller mortgage amounts (usually when you borrow less than £25,000 in total).

Can I borrow more than is required to pay off my current mortgage?
When you replace your mortgage you may well want to borrow more than the amount required to pay off your current lender. This is very common and at First Choice we aim to be as flexible as possible. So, you can use the extra money for virtually any purpose including improving or extending your home, consolidating existing debts, buying a new car or just treating yourself and your family to a well earned holiday.

How long will it take for my mortgage to complete?
The whole process takes approximately 4 - 8 weeks from receipt of your enquiry form to completion. This is dependant upon a number of factors, including how quickly you supply us with any documentation required.

How can I get a quote?
To get a quote you`ll just need to use our quick quote enquiry form to enter details of the amount you`d like to borrow, the approximate value of the property and a few pieces of information about your circumstances. If you`d like to proceed to apply for a loan, mortgage or remortgage, we`ll also need further documents including:
recent pay slips (if employed)
details of any other loans secured on your property
amount of any mortgage arrears
details of any County Court Judgements in the last 48 months
we may also need bank details, including recent statements

Am I under any obligation by filling in the quote enquiry form?
No, you are under no-obligation whatsoever by asking us to find a mortgage to suit your requirements. We will recommend a mortgage product to you, it is up to you to decide if you are happy to proceed with it or not.

What if I want to pay off my new mortgage earlier than expected?
You can, of course, pay off your mortgage at any time. Some early repayment charges may apply depending on the lender you are with and when you redeem the account. Full details of any such charges will be given to you in writing before your new mortgage completes.

Please note First Choice Finance is not a an IFA and do not advice or arrange pensions, investments, home reversion plans or give tax advice.

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.