New unsecured loan up to £10,000
New unsecured loan up to £10,000
Promise brokers now have access to unsecured loans from Everyday Loans. These are available to both homeowners and tenants up to £10,000. This is not a mainstream product and is aimed at borrowers who may have been declined by the High Street Lenders.
You can apply on behalf of your client and get instant decisions via the Promise loan Portal.
Please note there are certain areas of the country where this lender does not operate, please use the postcode checker to ensure your client resides in an acceptable location.
We hope to make an additional unsecured lender and a new secured loan product available to brokers in the next week or so.
In the meantime, please consider Promise for the marginal cases you can’t place.
We offer more lenders and niche products than other master brokers and will always try to give you ideas on other options available.
Below are a few headlines – follow the links for more information or call the broker support team on 01902 585052
• Widest Secured Loan panel in the UK – click here
Age 80, interest only, BTL 2nd charges, heavy adverse to 75% LTV , no accounts to 85% LTV,10X income and much more
• High LTV secured loans – click here
Up to 125% LTV, recent adverse accepted, will go third charge
• Unsecured Loans – click here
From 10%, bad credit accepted, £5000 to £500,000, 3 to 30 year term
• Short term loans secured on assets – click here
Raise money on jewellery, antiques, fine art, prestige cars, cherished number plates etc.
• 16 Bridging lenders – click here
Incl’ 3rd charge, business term loans, no proven income
• Complex Mortgages – click here
Still earn £1000 per completion but don’t have the distraction
Also coming soon is an upgrade to the sourcing system to make life easier for users on Windows 7 and latest browsers.
Promise Solutions Ltd
01902 585 052
01902 585052
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