Adverse Secured Loan

If you come under any of the following categories…

• People with a CCJ (County Court Judgement)
• Discharged Bankrupts
• People with arrears and defaults
• Senior Citizens
• DSS Benefits claimants
• Self Employed people with no proof of income

…you may have an adverse credit rating, and may struggle to get a loan. Relax Finance think that an adverse credit rating should not be a hindrance to getting the loan you need. Whatever has happened in your past, you can apply to Relax Finance for a loans that could help you plan for the future.

What can an Adverse Secured Loan be used for?

An Adverse Secured Loan is a personal loan that is secured on your home. This means that it releases your home’s equity (the current value of your property minus the amount owed under you existing mortgage) for you to use on whatever you want – home improvements, a dream holiday, a new car or repaying existing debts to consolidate your outgoings into a single, more manageable loan.

How much can I borrow and how much will I pay?

Ypu can apply to borrow anything from £10,000 to £250,000. The maximum Loan-to-Value ratio (the loan expressed as a percentage of the property value) is 125% depending on personal circumstances. These include:

• Joint income
• Property value
• Previous credit-worthiness
• Period of mortgage payments
• Employment history

Repayment terms are from 3 to 30 years and the interest paid on the loan is calculated by considering the personal circumstances of each individual. The interest rate is fixed, so you'll know from the outset how much you'll be paying back in total.

Which Adverse Secured Loan should I choose?

As master brokers, Relax Finance can deal with the whole market to find the best loan for you. Applying for a Relax Finance Adverse Secured Loan couldn’t be easier. Simply click Online Loan Application for a no-obligation quote.

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Calculate your repayments and apply for your secured loan online now at: www.relaxfinance.com