What is APRC? APRC stands for Annual Percentage Rate of Charge. It is a percentage figure that helps you understand the total cost of your mortgage over the entire term. It combines all fees and interest rates into one number, making it easier for you to compare different mortgages, including secured loans. As you explore […]
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Everything You Need to Know About Affordability Checks 2024
What is an Affordability Check? Imagine you are set to borrow some money. The lender wants to make sure that you can pay it back without any stress. This is what an affordability check is all about – a way to see if you can comfortably manage to repay the loan considering your current financial […]
How To Get A £30,000 Loan Successfully?
Can You Secure a £30,000 Loan? Yes you can. Securing a £30,000 loan is a possibility, provided you successfully meet the criteria outlined by the lenders. Keep in mind, since £30,000 is a large amount to borrow, you might be required to present a guarantor or some form of security during your application process. Having […]
Secured Loans Explained: How Do They Work?
What is a Secured Loan? You might have heard them referred to as homeowner loans, home loans, or second-charge mortgages. Secured loans are a way that lets you borrow a substantial sum by using your home as a sort of guarantee, often termed as ‘collateral’ or ‘security’. It’s a pact that allows the lender to […]
Unencumbered Mortgage: How to Remortgage a Fully Owned Home?
Owning a property without any debts hanging over it – sounds liberating, doesn’t it? And with that freedom, you might be thinking about the different ways to make the most of your fully paid property. Maybe it’s time to fix up the house or invest in a new opportunity? In this article, we’ll break down […]
How to Remortgage to Buy a Car: A Complete Guide in 2024
Car financing options like auto loans and leasing agreements typically come with scary double-figure interest rates. This coupled with the escalating car costs can discourage you from even dreaming of buying a new vehicle. But whether you’re eyeing a sleek electric sports car or a vintage camper van, getting behind your dream wheels isn’t out […]
