Comparing mortgages and loans

Whatever the purpose of the money you are looking to raise, it’s a must to consider both secured loans and remortgages side by side so you get the best option for you.

This might sound obvious but it isn’t.

When you apply to a comparison website for a mortgage they normally pass your details to a company which just offers mortgages.
If you apply for a secured loan, they will pass your details to a company which just offers secured loans.
This makes their lives a lot easier because comparing the whole market for both loans and mortgages is difficult
But that does not help you if 50% of the options are being ignored.

Similarly some brokers are good at mortgages but not loans. Not all brokers are the same.
Often they will only consider a secured loan if they can’t help with a remortgage – or vise versa.
Many just deal in straight forward cases and pass the more complex scenarios on to packagers like Promise Money.

A few, like us, have the expertise and full range of products in house and offer detailed comparison and advice on both secured loans and mortgages – every time.
That’s why both customers and other brokers come to Promise Money to access our massive product range and expertise.

From what you have said so far it sounds like you really need a very good broker.
Think of your broker as your partner. Work together to get the best outcome for you.

Do you have a broker? If so, how good are they at impartially offering whole of market secured loans and remortgages side by side?

Whilst you consider that, here’s some videos to help with your research.

The videos on this play list relate to how to use secured loans.
This is because, when your circumstances are a little less standard, it can often make sense to keep your existing mortgage rate and borrow with a separate loan.
However, If a remortgage makes more sense, that’s what our adviser will recommend.