criteria and example plans
 
  Submitting Business
     
  Loan Rate calculator
     
impaired secured loans Cost per £1000 per month  


MEDIUM TO SEVERE ADVERSE CREDIT (examples only - many more plans available)

For an accurate quotation complete the form online and submit to us.

Self Cert (Employed & Self Employed) - NO POI, FLEXIBILITY ON ARREARS & OTHER ADVERSE

 
LOAN ADVANCE CRITERIA COMMISSION
PLAN APR
%
MONTH
%RATE
MIN MAX TERM
(Years)
#STATUS EQUITY
LTV
SPECIAL FEATURES (of gross loan)
*A 8.6 0.7167 50K 75K 10-25 0 70 Employed & S/Employed no POI 1%
*B 10.85 0.905 15K 25K 10-25 1 70 Employed & S/Employed no POI 2%
*C 10.85 0.905 25K 100K 10-25 0 70 Employed & S/Employed no POI 2%
*D 11.85 0.987 15K 50K 10-25 4 70 Employed & S/Employed no POI 3%
E 18.2 1.2375 10K 100K 10-25 4 70 Employed & S/Employed no POI 3% plus 50% of max fee of £3000
*F 13.4 0.82 30K 250K 10-25 unlimited 70 Unlimited Adverse & No POI
0.5% plus 50% of max fee of 10% (£4000 max)
*G 15.2 0.93 5K 250K 5-25 unlimited 70 Unlimited Adverse & No POI
0.5% plus 50% of max fee of 10% (£4000 max)
*H 20.1 1.47 5K 250K 5-25 unlimited 70 Unlimited Adverse & No POI
3% no fee charged
I 15.3 1.062 10K 75K 10-25 2 70 All defaults ignored- self cert 2 units
2% plus 50% of max fee of 10% (£3000 max)
J 16.6 1.1458 10K 60K 10-25 6 70 4 mths arrears - self cert
2% plus 50% of max fee of 10% (£3000 max)
K 18.4 1.229 5K 50K 5-25 8 70 self cert
2% plus 50% of max fee of 10% (£3000 max)
 
   

* With consent from first Mortgage Lender - can follow most lenders

DRIVE BY VALUATIONS USED WHEREVER POSSIBLE

MOST CCJS > 3 YEARS OLD IGNORED

MOST CCJS AND DEFAULTS < £250 IGNORED

SOME PLANS ALL DEFAULTS IGNORED OTHERS if < 3 YEARS OLD

MOST MORTGAGE ARREARS > 12 MONTHS OLD IGNORED

 
   
SINCE ICOB rules of 14.01.05 during processing, if clients demands and needs are relevant, an optional single premium payment protection policy may be taken by them. If they take this option and we arrange it for them, an additional 1% of the net loan value will be paid to you as the introducer after the 30 day cancellation period for the insurance has passed (provided the clients have not cancelled the policy).


NB: no additional commission will be paid for applications that complete with monthly premium protection policy
 
 
contact us

 

    Personal Loans (UK) Ltd,
1st Floor Aztec Centre, Aztec West, Almondsbury, Bristol, BS32 4TD
Freecall: 0800 316 4848 Freefax: 0800 316 4747
email: info@24-7loans.net