Secured Loans and Remortgages FAQ's.

If you have a question about secured loans or remortgages which we have not answered in our FAQ's please contact us here and we will be pleased to return your call.

How much can I borrow on a secured loan?

Secured loan amounts depend on your individual circumstances and the lender selected. For secured loans you can borrow any amount between £5,000 and £100,000 subject to status. Mortgages and remortgages are available from £25,000 - £1,000,000.

What term can I take a secured loan over?

Secured loan lenders offer terms between 5 and 25 years depending on the lender and your age. Some lenders will allow clients to take a secured loan up to aged 80 years old in certain circumstances.

What can I use a secured loan for?

You can use a secured loan for almost any purpose you like such as, home improvements, buy a new car, or to consolidate your existing debts into 1 affordable loan. You can even use the loan to pay for a dream holiday abroad. Self employed can also use the loan for business purposes or to pay an outstanding tax bill.

Can I get a secured loan if I am self-employed?

No problem. We have secured loans for self-employed who have limited  proof of income or accounts.  Some of these loans often allow you can self-certify your income without having to provide full chartered accounts. We also have a range of self certification remortgage products from our panel of mortgage lenders.

What APR will I be charged?

Your loan rate will depend on your individual circumstances. Rates range from 7.9% APR to 19.9% APR. Our typical APR is 11.6% which means that 2 out of every 3 of our clients receive this rate or lower.

Can I get a secured if I have a bad credit history ?

No problem. With our bad credit secured loans we accept mortgage arrears, CCJ's and defaults. No matter what your credit history we have access to lenders that consider all circumstances.

What if I have recently bought my property from the council?

No problem. We have secured loans lenders that will ignore any council discount granted to you.

How long does it take until I receive my secured loan?

We aim to process your secured loan as quickly as possible and our average time to completion is 18 days.The quicker you return all the information and documents to us the quicker your secured loan will complete.

What if I want to settle my secured loan early?

All secured loans, irrespective of the loan amount are governed by the Consumer Credit Act and the maximum penalty that can be charged by any lender is now restricted to 1 month penalty interest with 1 months notice. 

Should I consider a secured loan or remortgage?

This is depending on your circumstances and whether your existing mortgage has any redemption penalties. Generally secured loans can be quicker to arrange and you do not need a solicitor so completion can take place within 3 weeks. However remortgages offer a cheaper rate of interest.

What does LTV mean?

LTV means Loan to Value. For instance if a lender will consider a secured loan up to 85% LTV this means you can borrow up to 85% of the value of your property. Yo calculate the LTV available on a secured loan, if you wish to borrow up to 85% LTV, you take 85% of your property value, less your 1st mortgage balance and the amount remaining is the "equity" that the lender could consider using.

Can a home visit be arranged?

More4 Loans are pleased to visit any clients looking to expedite their secured loan application quickly. we can also ensure safe collection of important personal documents without having to them through the post. If you wish to discuss a remortgage and would prefer a mortgage adviser to visit you at home , our advisers who would be pleased to arrange a convenient appointment with you.

Who are More4 Loans ?

More4 Loans are loan broker based in Rotherham, South Yorkshire and providing full UK coverage. As a broker it means that we search the market for the best loan deals whatever your circumstances.. Unsecured loans available to homeowners & tenants. Secured loans available to homeowners only.. We are licenced by the Office of Fair Trading (CCL 587104) and the Information Commissioners Office for data protection (Z1539600).

How do I apply for a secured loan?

To apply for a secured loan simply complete our 2 min online secured loan application form and we'll do the rest. We search the market for the best secured loans for you and confirm the best quote in minutes,

How do I apply for a remortgage?

To apply for a remortgage simply complete our 2 mins online remortgage enquiry form and our mortgage advisers will search the market the best remortgage deals for you.

What types of finance do you consider?

As long as you're a homeowner, we can help with all finance enquiries, including secured loans, mortgages, remortgages, buy to let mortgages and bridging loans.

Who are More4 Loans?More4 Loans are a secured loan & finance broker based in Rotherham and serving the whole of the UK.Are More4 Loans a licensed credit broker?Yes. We are licensed with the Office of Fair Trading under Consumer Credit License number 587104. We are also registered with the Information Commissioners Office for data protection purposes Z1539600.

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