Frequently Asked Questions
Who is First 4 Homeloans.co.uk ?
We are in internet based business sourcing secured
loans with competitive APR's on behalf of homeowners.
What is so different about your loans ?
We can source a secured loan for up to
25% more than the value of your home, less your current mortgage
balance. Our lenders lend to people, not their property. We
believe that if you have a good credit history you should be able to
borrow what you need, up to £50,000. You could do all this whilst
actually reducing your monthly credit out-goings.
Why don't other lenders offer a product
like this ?
Other lenders place less confidence in
their credit evaluation and consequently seek to secure their loans on
the equity in your home. This may provide some borrowers with the
funds they require but only if they have considerable equity in their
home. For borrowers whose equity hasn't increased considerably
over recent years our lenders can provide the ideal solution.
What is 'equity' all about ?
Equity is the difference between your
outstanding mortgage balance and the current value of your home.
Does the lender follow any Codes of
Practice etc ?
Yes - our lender is a member
of both FISA (Finance Industry Standards Association) and
the FLA (Finance and Leasing Association). Our lender is
licensed by the Office of Fair Trading and operates in strict accordance
with the Consumer Credit Act 1974 and Data Protection Act 1998.
What do I do next ?
You can apply for your secured loan by
calling us on 0870 746 8954 - we will take a few details and
arrange for an Advisor to call you back at a time which is convenient to
you.
Alternatively, complete our online form
and a member of staff will action your application / enquiry
accordingly.
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