Long Term Loans

Long Term Loans

Longer Repayment Options To Suit Your Budget.
Choose A Long Term Loan You Can Afford.
Loans From Just £10,000 Up To £150,000.
Loan Terms Of 3 To 25 Years & Free Quotes.

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First Choice Finance is an established loan and mortgage business with 25 years longevity in arranging long term loans across the UK. Larger loans such as secured homeowner loans and second mortgages are designed to be paid over a longer period of time to help keep them affordable. The loan amounts available range from £10,000 to £150,000. Many of them offer early repayment options. (Note: These long term loans should not be used for bridging finance or other short term finance, e.g. for less than 36 months). If you are looking to borrow smaller sums of money of below £10,000 and are only wanting to pay the money back over a few years then you may first want to try and arrange an unsecured personal loan, for example: through your bank.

Long Term Loans Because secured loans or remortgages are usually for larger amounts than you can usually get through unsecured personal loans, credit cards or other short term finance it can be helpful to extend the loan term reducing your monthly repayments, although this will increase the interest cost of the loan over the duration. So we will work with you to aim for a balanced scenario where you only borrow the amount you need and spread the payments over a term that keeps the overall to be paid back sensible, but where the monthly repayments are affordable for you. To see if we can help and get a free personal quotation for your specific requirements call our UK consumer loan team on 0800 298 3000 (or if on a mobile dial 0333 003 1505), alternatively please fill in our short on line enquiry form Please note: These long term loans can be used for virtually any purpose.

Debt Consolidation Over A Longer Term

If you have built up some short term debts such as payday loans, credit cards, personal loans etc. then you could use First Choice Finance to find a long term debt consolidation loan, and compare how the cost of the different options work out. By having the loan over a longer term you are able to reduce your monthly repayments and simplify your outgoings by combining all your debt payments into just the one payment. The longer the term of the loan the lower the monthly payments, although this will result in more interest paid over the loan term

Longer Terms Loan Calculator

Use our free online calculator to figure out the impact of rates and terms on loan amounts. Whether you are looking for a long term loan or a short term personal loan enter your loan amount, interest rate and the loan term you wish to base it over and see how much the loan will cost you for a month.

A £30,000 loan low rate loan arranged by us at 7.1 APRC over 15 years will cost you £243 pcm for first 24 months then £240 a month for 156 months, total payable £46,440 including advice, arrangement and lender fees of £3420 total.

Bad Credit Loans

If you a bad credit rating First Choice finance could still help, if you have missed mortgage payments, have CCJ`s of your credit file, missed payments of current credit cards or personal loans, or other negative marks on your credit profile, First Choice Finance could still help as a leading UK Finance Broker we have an large panel of lenders for loans and mortgages and will search our panel of bad credit secured loans to find a plan that best suits your unique circumstances, due to our experience in the loan sector our underwriters will be happy to try and answer any questions you may have.

Unsecured borrowing is common place and as long as you can afford to pay off these kinds of debts, it`s OK, but if you find that they`re building & you don`t have an idea about how you`re going to rein in your finances, a longer term debt consolidation loan could be the answer.

These work by using the equity that`s built up in your property to form a new, homeowner secured loan which is used to pay off all your unsecured debts & which can be spread over 3 to 25 years to suit your budget. That way, you`re left with a single manageable repayment to make each month, although you may find that overall interest paid back may be higher due to the longer term nature of the agreement.

At First Choice Finance, we can help you to get a loan to consolidate your debts & get back on top of your finances even if you have been declined finance elsewhere. We`ll scour our loan lenders products to match you up to a deal. Discover more about long term debt consolidation loans by calling us on our mobile friendly 0333 003 1505 or from a l&line on 0800 298 3000.

Long Term Secured Loans

A secured loan is designed for larger loan amounts to be repaid over longer period of times, secured loans commonly range between £10,000 & £150,000 & can be used for almost any purpose, regular uses include home improvements, debt consolidation, vehicle purchase as well as many other different reasons.

Consolidate Your Debts - Many of us have fallen into the trap of short term finance such as payday loans & credit cards, although these debts can start of small many of us continue borrowing only repaying the minimum amount, this results in debt repayments that could last indefinitely. Consolidating all your debts into one larger loan that can be repaid over a longer period of time means that you are given a definite date for when the debt will be cleared & allow you to manage your monthly budget.

As a secured loan broker with 25 years experience First Choice Finance give you access to numerous lenders, to help find a loan plan best suited to your requirements. We also have a number of unsecured personal loan options that are available via our associate brokers, giving you another option. Personal loan terms range between 3 years up to 7 years, again allowing you to spread your payments to suit your requirements.

As well as secured loans First Choice Finance offer mortgages & remortgages. Remortgaging can also be used to finance larger amounts over long periods of time. Whatever your circumstances, when you enquire via our website your enquiry will be processed by our experienced finance professionals while your application will be assessed by a qualified mortgage adviser who has a detailed knowledge of secured loans as well as the remortgage plans available.

Everyone has their own dreams, First Choice can help you finance these dreams & spread the payments over a longer period of time. We are finance brokers, together with you, we always put together a unique & transparent financing package that is tailored to your needs, whether it be a secured homeowner loan or a remortgage. Make your dream a reality with help from First Choice Finance. We give our clients quick access, & a personal conversation with a qualified mortgage adviser, ensuring transparency throughout the loan or mortgage process, giving you clear, understandable communications. .

With a wide panel of lenders, we are sometimes able to help even the most difficult cases, we have helped thousands of customers already. We do everything we can to make your funding request possible. This is done through sustainable credit processing & the consistent use of our expertise & knowledge of arranging long term finance.

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
First Choice are tied to certain unsecured lenders.

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.