Secured loans can be used to borrow larger amounts of money, allowing homeowner`s to borrow up to £150,000. Secured Loans are similar to a mortgage in that they are secured on your property and in some circumstance remortgaging may be a better option. Here at First Choice Finance we offer advice upon both secured loans and remortgages and can talk you through the two options to see which is best for your individual circumstances. All quotes are free and you will be under no obligation to proceed with us after we have found an offer of secured finance for you.

Secured loans

Video transcript

Secured loans can open up a whole new world of lending for you.

Heading to a high street bank could leave you with limited choices, particularly if you don`t have the best credit history or have been unfortunate enough to have some defaults.

Even if you are able to borrow money directly from a bank, the amount they lend to you may not be as much as you require.

As with many things it is important to look at different options.

Even if you have been declined finance elsewhere with the Bank of England`s Credit Conditions Survey at the end of 2012 showing that the availability of secured credit improved greatly over the second half of the year, its worth checking out.

For instance, you may want to pay for a special occasion like your children`s wedding or honeymoon, or giving them a helping hand by using your homeowner loan to sort out the deposit on their first property as a gift.

On the other hand, you may be thinking about debt consolidation where secured loans are used to pay off those bills which build up so easily like credit cards and store cards.

This way, you`ll only need to keep track of one repayment which could be for a smaller amount each month, although you may end up paying more in interest over the course of the loan.

Whatever your reasons for seeking secured loans, First Choice Finance may help you raise from �3,000 to �100,000 to spend on practically anything and repayments can be spread out over a longer period, giving you plenty of flexibility.

First Choice Finance have been sorting secured loans for around 25 years, we could help you obtain the funds you require, contact our finance experts today for free on landline on 0800 298 3000, on a mobile on 0333 0031505 or fill in our fast online form.

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Any Purpose Loans

An any purpose loan can usually be utilised for almost any purpose. Perhaps you want to consolidate your existing debts and pay off all your higher rate credit leaving you with just one manageable monthly payment. Alternatively you may wish to carry out home improvements, purchase a car, caravan, boat, conservatory or perhaps take a holiday!

Wherever possible the money is yours to spend as you wish.

Debt Conolidation Loan

A First Choice Finance debt consolidation loan can be used to consolidate your existing debts and pay off all your higher rate credit leaving you with just one manageable monthly payment making it easier to manage your overall budget and stick to a repayment plan. The benefits of a debt consolidation loan is you will only have to make one monthly payment. We could help you whatever your circumstances even if you suffer a from bad credit, mortgage arrears, or CCJ`s

Home Improvement Loans

Whether it is to buy a new dream kitchen or bathroom or maybe to have a conservatory or garage built all major home improvements cost money. One way of paying for these improvements is to take out a Home Improvement Loan. They can be for virtually anything related to the home from as little as redecorating a room to building a 2-storey extension. Whatever your credit rating First Choice could help and will consider all applications.

Holiday Loan

Need to get away First Choice can help finance your dream holiday with our selection of loan plans First Choice could help you find a loan to suit your circumstance. First Choice will compare numerous loan plans from our large panel of lenders that will enable us to find you a cheap loan with a low APR. If you have had difficulty obtaining finance else where an First Choice bad credit loan could help you.

Car Loan

A First Choice car loan could help you buy that dream car of yours or just a reliable runner to get you from A - B. First Choice`s numerous loan plans enable us to find you a cheap loan with a low APR depending on your circumstances. If you have had difficulty obtaining finance else where an First Choice bad credit loan could help you.

Anything You Can Think Off

All applications will be considered no mater the purpose or your circumstances. Money raised from First Choice can be used for almost any purpose. Even if you have bee rejected by other lenders an First Choice bad credit loan could help even if you suffer from bad credit, mortgage arrears or CCJ`s

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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.