Are you looking to borrow additional money? From carrying out home improvements to making a large purchase to consolidating debts, there are many reasons why you may be looking to borrow some extra funds.
If you are a homeowner, sometimes, a secured loan may be more suitable than a mortgage. Maybe you have Early Redemption Charges on your current mortgage or maybe a first charge lender simply will not lend you the amount which you require.
At independent mortgage solutions, we don’t just arrange mortgages. We are also able to explore secured lending options with you and advise you on the best course of action for your own individual circumstances.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator these services may be more suitable for you