A loan of £35,000 paid back over 120 months, plus a broker fee of £2,870 and lender fee of £367.50 added to the loan, will mean monthly repayments of £476.14. The borrowing rate is 8.69% and the APRC is 11.2% (variable). The total charge for credit would be £22,136.80 and the total amount repayable would be £57,136.90.
Secured loans for homeowners
Arranged by Freedom Finance, introduced by the AA.
Why get a Freedom Finance secured loan?
Loans for any purpose
All credit profiles are considered, whether you're employed or self-employed.
Keep your low rate mortgage and avoid hefty exit fees, with rates from only 5.1% APRC.
Apply to borrow £25,000 or more, with terms ranging from 1 to 30 years.
Important: By taking out a secured loan, you're borrowing money that is secured against your home. Think carefully before securing debts against your home as it may be repossessed if you don't keep up repayments on your mortgage. If you're planning to consolidate existing debts, you should be aware you may be extending the terms of your debt and increasing the total amount you repay.
The minimum repayment period is 12 months. The APR rate you're offered will depend on your personal circumstances. Freedom Finance is a leading credit broker and not a lender.
After you've received a recommendation from Freedom Finance, your case will be fully underwritten and funded when successful.
Freedom Finance is a trading style of Freedom Finance Limited registered in England and Wales. Company number 06297533. VAT Registration Number: 257 0001 44. Freedom Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm registration number 662079. See www.fca.org.uk Registered office: Atlantic House, Atlas Business Park, Simonsway, Manchester, M22 5PR. Copyright © 2010-2018 Freedom Finance Limited. All rights reserved. Reproduction in whole or in part without permission is prohibited. Calls may be recorded for training and monitoring purposes.