Business owners sometimes find that the most appropriate way of raising money quickly is via a secured personal loan.
Advantages of personal loans:
- Can be organised very quickly
- Fees can often be included within the overall cost of the loan.
- Avoid need to go through the time and expense of remortgaging.
- They can be used by borrowers that require their earnings to be self certificated.
- Loans can be used for any purpose
- Can usually borrow higher LTV multiples than bridging finance allows ie. up to 90% inc mortgage debts outstanding
Disadvantages of personal loans:
- Penalties for early redempion of the loan will apply
- Could lose your home if repayments are not kept up to date
If you are interested in discussing how our secured personal loan could assist you please call us on: