Case Studies

Here are some of our recent cases.

Secured loan - customer on low mortgage rate.

A broker approached us with a customer who was paying £500 a month on a mortgage of over £250k. They had asked their mortgage lender for a further advance of £100k and the lender was most obliging - as long as they re-financed the whole mortgage to a rate of over 5%!! The new payment would have been over £2,500 per month. We arranged a secured loan for the full amount at a monthly cost of just £830, saving the client over £1,000 a month on the re-finance option.

Large secured loan

We recently completed a loan for £145k. The customer had an unexpected tax bill and some debt consolidation. We saved the customer over £1,000 a month and got HMRC off their backs.

Secured loan - flexible income proof

Recently we had a case of a self-employed person whose business had suffered due to the recession. Now, trade was picking up, but due to the lag that exists in published accounts they couldn't prove this upturn in business by traditional means. We have a lender that will take 3 months bank statements as income proof for sole traders. We used these to demonstrate the improved performance of the business and we able to secure a debt consolidation loan, saving the customer over £400 per month.

Commercial Mortgage

The customer had initially enquired about a bridging facility as they needed the money very quickly. We were able to organise a commercial mortgage at 6.05% variable over a 15 year term. From Decision in Principle to completion was just 2 weeks.

Secured loan - multiple income sources

We had a broker approach us with a customer who had income from widow's pensions, permanent health insurance payments and benefits. The loan for £25,000 completed for debt consolidation and home improvements.