Frequently Asked Questions
1. How much
can I borrow?
2. Should I have a variable or fixed loan?
3. How long will the loan take to arrange?
4. What if I already have defaults or mortgage
arrears?
5. Can I protect my loan should fall ill,
injured or become redundant?
6. What if my circumstances change - or if I
have other questions?
7. What if I want to borrow more in the future?
8.
What if I want to move house?
9. How can I repay my loan earlier?
10. Can
I become an investor?
1.
How much can I borrow?
This will depend upon your income and how much
of a deposit you have for a purchase (this
amount can also be existing equity within any
current property. Loans will vary depending upon
your individual circumstances and what a
particular lender will be prepared to lend.
2. Should I have a variable or fixed loan?
On the majority of our loans we are able to
offer interest rates fixed for up to 10 years
and for a blend of fixed and variable rates if
it suits your needs.
3. How
long will the loan take to arrange?
The whole process usually takes two to four
weeks dependent upon a number of factors
including how quickly you can supply us with the
documentation required to complete your loan.
4. What if I already
have defaults, or mortgage arrears?
Did you know that every time you apply for
credit, whether you proceed or not it is noted
on your credit file?
You may not even know if you have default
if you have changed address.
You may also have had difficulty in
paying a debt which has then gone to the courts;
this too is noted on your credit file.
Lenders will review your credit file and
your conduct on your mortgage (if you have one)
and if this too has been in arrears at some
point over the previous 6 months it will affect
your application.
But don’t worry, we do have ‘specialist
lenders on our panel and a diverse range of
products that helps us to arrange finance for
people in some of the most difficult of
circumstances.
5.
Can I
protect my loan should fall ill, injured, or
become redundant?
Yes, we offer an optional accident, sickness and
redundancy package for your peace of mind.
Details of this valuable cover.will be discussed
at your interview if required and we will engage
the specialists in this area.
6. What if my circumstances change - or if I
have other questions?
As a customer of the Loans Café you are never
left without good options. You can speak to our
trained specialists who draw on extensive
experience of helping customers like yourself.
So you may rely on prompt and sensitive help.
7. What if I want to borrow more in the future?
Simply email or telephone our office and we will
arrange for a Finance specialist to call or
visit to outline your options.
8.
What if I want to move house?
Simply pay the outstanding loan balance from the
proceeds of the sale or alternatively we may be
able to transfer the loan to your new property.
Most lenders offer a 'portable' loan.
9.
How can
I repay my loan earlier?
Paying more than your required payments will
help to reduce the time it takes to pay off your
loan. Refinancing your loan to a lower interest
rate and a shorter term will also reduce the
time it tales to pay off your loan. To find out
if these options are available to you, click
here for a Personalised Financial Health Check.
10.
Can I
become an investor?
Anyone can become an investor
with the right tools. At
Dencorp Financial Solutions we pride ourselves
on giving our clients the ability to acquire
wealth through investing. Through our strategic
alliances we guide you through the process of
accumulating investment properties to build and
maintain a property port folio.