Joint Loans For Couples With Bad Credit UK

Here at First Choice Finance we can help couples throughout the UK get approved for a bad credit joint loans, helping find a solution to your financial woes. Here at First Choice Finance we understand the difficulties that may find yourself in if you have a poor credit profile. In fact we specialize in providing borrowing solutions to people with a bad credit history! With tailored joint loan plans that match with your budget and income are our forte.

We rely extensively on our network of lenders to find the appropriate loan deals for you. We hand over the details given by you while submitting your loan application to our trusted lenders, who in turn comes up with loan deals that are exclusively tailored to meet your specific purpose and needs. Our vast experience in this sector has taught us how to fetch appropriate loan deals that best meets your specific needs. We keep track of all changes that happen in the loan market and never miss any, however minor it may be.

We offer our services through out the country, you do not have to visit any of our offices to apply with us. All that you need to do is to submit the online loan application form and within hours you can expect to have discussed through your financial options with a qualified mortgage adviser.

How much money can i borrow with a bad credit joint loans?
The amount that you borrow depends upon your individual circumstance, thus it varies from one person to another, but we will compare loan plans from multiple lenders to get you the amount of funds you need at an affordable rate.

How do you arrange an appropriate loan deal?
As a loan broker we work with an extensive network of trusted lenders to find you appropriate loan deals that best fits into your budget and requirements.

What if I am tenant? Can I still apply? Yes, we do have loan options for tenants, although if you are a UK home owner then you will have access to larger loan amounts.

When can I apply?
You can apply with anytime, that is, whenever you feel in need of money. You just have to fill up and submit our online loan application form and we are at your prompt service.

I have a few suggestions. What should I do?
We are only delighted to hear from you. If you have any suggestions that will help us to improve our service, please let us know. Kindly go through the contact us page for details.

Bad Credit Joint Loans

Joint loans are one of most popular types of loans especially, a joint loan allows two or more parties to apply for a single loan jointly. A joint loan for bad credit may be the best option for any body who is finding difficulty in getting loan due to their poor credit rating. Even if one of the two persons who are applying for the joint loan have bad credit, their application for loan may be approved if the joint partner have a better credit.

Like all other types of loans, joint loans are available as a secured loans as well as unsecured loans. Under secured bad credit joint loans, the applicants have to submit some assets as a security to the money lender. The security offered on this type of loan allows you to apply for larger amounts. If you decide to apply for unsecured loan, then you don’t have to submit any valuable asset but it restricts the amount of money offered, these may also be less available if you have a poor credit rating. There are some major benefits of applying for a joint loan for bad credit. First of all, it allows you to get the loan which you would have never got it alone due to adverse credit rating. The second benefit is that you may be able to borrow more money. The third benefit is that the lender gets more assured about the repayment of loan if two persons jointly apply for a single loan.

Like every other loans, bad credit joint loans are too approved on the basis of your personal income, employment history, residential status etc. If any one of the joint loan applicant have a got these basic criteria then the chances of approval of loan is increased.

There are so many money lenders who offer joint loans for the people having bad credits. You can easily apply for such a loan online. It is the best way of applying for the loan as this mode process very fast.

Joint Loans and Divorce

Joint loans are one of the most popular loans among the married couples. It is a type of loan in which both the member jointly apply for a loan to which may allow them to borrow an increased loan amount which they may not have got if they had applied individually. They can use the loan amount for buying a second property, vehicle and for many other purposes depending on their requirement. However, in some cases, it has been seen that after receiving the joint loan money, the couple got divorced in between the duration of repayment of the debt. Joint loan and divorce is a very complicated situation.

If you have got divorced in between the repayment period then it is very necessary to contact the money lender and clarify about the situation. It is likely that you will get a new repayment plan in which the remaining repayment money will be equally divided between you and your partner. Make sure that both of you continue paying the money according to the repayment plan. If you quit from repaying the remaining money in between then the rate of interest will go on increasing and you may find yourself in trouble in future. In some cases you may consider restructuring the debt between the two individual`s.

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.