| How much can I borrow? |
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| We can arrange loans and mortgages
for any amount from £10,000 to £1 million.
However, there are a few factors to take into consideration
such as available monthly income and the equity available
in your property. The most important considerations are
that you can afford the monthly repayments and that you
are a homeowner/ mortgage payer. Simply state on the application
form how much you would like to borrow and we shall endeavour
to meet your requirements. |
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| Over what period of time can I spread my loan
or mortgage repayments? |
|
| This is of course up to you, and
depends on how much you can afford each month. Our loans
are usually available over 5 to 30 years. |
| |
| What can I use the loan for? |
|
Anything you want, there are no
restrictions as long as its legal! Maybe you need to reduce
your monthly outgoings by paying off all your debts, leaving
you with one lower monthly repayment. Or perhaps you would
like to buy a new car, boat or caravan. What about new
windows, conservatory or maybe an extension? It really
is up to you.
If you thinking of consolidating existing borrowing you should be aware that by extending the term of the debts this may increase the total amount you repay.
|
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| What happens if I'm ill and can't work or I'm
made redundant? |
|
| We offer and recommend optional accident,
sickness and redundancy cover to give you complete peace
of mind. Optional life cover is also available and some plans offer
this free when you take out a loan. |
| |
| Are my personal details confidential and secure?
|
|
| Yes completely. All applications
are treated in the strictest confidence. We do not pass
customer details to third parties or contact any other
organisation without your express permission. At y3s direct,
you can rest assured that your personal information will
be safe from harm. |
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| What happens if I want to borrow more? |
|
| All you have to do is call us
free on 0845 466 6565 and we will process your application.
As we already have your details this is a simple matter
and we will send you a cheque if successful. |
| |
| Can I repay the loan before the end of the original
term? |
|
| Of course. We don't provide loans
or remortgages that lock you into a fixed term of borrowing.
You are free to repay the settlement or redemption figure
due whenever you deem necessary. The amount of interest
payable to settle will depend on the lender. Generally,
our lender panel will, in the event of early redemption,
will give a rebate under the terms of the Consumer Credit
Act 1974. |
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| What to do next? |
|
| Please complete our on-line
application form or call 0845 466 6565 to speak to
an adviser. We will underwrite your application speedily
and come back with a lending solution within a few minutes. |
| |
| What is a Secured Loan? |
|
| In simple terms, a secured loan
is a loan secured against property. As the amount of a
secured loan is generally higher than an unsecured loan,
you will be required to sign a mortgage deed to provide
the Lender with security over the money you have borrowed
- just like your mortgage. The deed allows the lender
to register a charge over your property. As many lenders
relax the requirements of their lending criteria to provide
lending facilities in a host of circumstances, security
over the loan is very important. |
