There may be occasions where homeowners need to borrow money but for various reasons, may not be able to remortgage to raise the extra funds.

Possible reasons where a remortgage is not an option are:

• You are tied into a mortgage for a set amount of time and there are high penalty costs for redeemimg your mortgage early
• You may fail the affordability or lending criteria of your current mortgage lender and cannot get a further advance with them
• You may have a very low interest rate which you would lose if you remortgaged
• You may be on an interest only deal but would have to change to a full repayment mortgage product if you remortgaged
• You may have experienced some financial difficulties and are unable to remortgage
• You may need funds quickly

Some of the reasons people want a secured loan are:

• To consolidate unsecured borrowing such as credit cards and store cards
• For home improvements
• To inject cash into a new business venture

• Loans from £10,000 to £2,500,000
• up to 95% loan to value
• Interest only options
• Low redemption costs
• Low rates
• Adverse credit
• 3-30 year term

Contact us today on 01993 650882 or email info@clafinancial.co.uk if you would like to discuss the possibility of taking out a secured loan.

THINK CAREFULLY ABOUT 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.

Consolidating your debt may increase the amount you pay back overall and extend the repayment period of your debts.