Consolidation Secured Loans

If you’re facing a financial juggling act, with debts, cashflow crises and unexpected outgoings beginning to overwhelm you, a Relax Finance Consolidation Secured Loan could be the solution.

A Consolidation Secured Loan gathers all outstanding debts together into a single, more manageable, loan. You will still have to pay back all the money owed, but it is possible to have a lower rate of interest charged on the debt, or be able to spread the costs out over a longer time period.

Being a secured loan, your property is put up as security on the amount you borrow. The advantage of this over an unsecured loan is that you can apply to borrow more money and often at a lower rate of interest.

How much debt can I consolidate?

As long as you are over 18 and a UK homeowner, you can apply for a cash lump sum of between £10,000 to £250,000 can be borrowed. The maximum Loan-to-Value ratio (the loan expressed as a percentage of the property value) is 125% depending on the following personal circumstances:

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

What will my repayments be?

Individual rates depend on the personal circumstances of the borrower. Repayment terms can range from 3 to 30 years, allowing you to spread repayments over long enough to stay within your means, but short enough to keep interest charges to a minimum.

Find out how you can consolidate your debts

Relax Finance are master brokers, with access to an extensive number of the UK market lenders. Therefore, finding the best Consolidation Secured Loan for you is quick and easy. Simply click Online Loan Application for a no obligation quote now, and discover how you can take control of multiple debts.

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