Declined Mortgages
Your bank may offer 100’s of products and plans.
Promise Money has over 10,000
Have you been declined for a mortgage or remortgage?
If you struggle to get the mortgage you want – you have come to the right place. Promise truly offers a one stop shop.
It’s often assumed that a mortgage is cheaper than a loan. But if you are looking to raise extra cash a loan could cost you less, especially if your circumstances prevent you from borrowing at the very best mortgage rates – more on typical circumstances below.
Typically mortgage lenders are also fussier than secured loan lenders. So if you are looking to raise additional cash a secured loan may be both easier and cheaper.
Our lenders represent the whole market plus we have an in house team specialising in more difficult applications.
It doesn’t matter if the mortgage is residential, a secured loan, a buy to let, HMO, bridging or commercial we have experts in the office to assist and advise you. They use their expertise and relationships to help brokers across the UK who can’t find a suitable mortgage for their clients.
You can deal direct and cut out the middleman.
Why choose us?
Your bank may have 100’s of loan and mortgage plans – we have over 10,000!
Plus, we have…
- 30 years of experience
- Experts at finding low rates and solving problems
- Friendly and fast advice
Promise Money have mortgage and secured loan plans available for everyone, including those with credit issues…
Using one of the most comprehensive lending panels in the UK, we can search for the best deal for you.
More Help
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk