Loan and Mortgage FAQ's.

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

If you'd like to receive a loan quote or remortgage quote, call More4 Loans free on 0800 0778955 or apply online for a free quote.

How much can I borrow?

The loan amounts depend on your individual circumstances. 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 the loan over?

Both secured loan and mortgage 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 85 years old.

What can I use the loan for?

You can use the 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.

What 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. Speak to one of our remortgage advisers today to find out what products are available to you or for a free remortgage quote.

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.

What 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 try to help you.

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

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

How long does it take until I receive my loan?

We aim to process your 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 loan will complete.

What if I want to settle the loan early?

All secured loans, irrespective of the loan amount are governed by the Consumer Credit Act and a rebate will be given in accordance with the Consumer Credit Act. This is limited to a maximum penalty interest of 1 month plus 1 months notice. Your dedicated Loans Advisor will be happy to discuss full details on early settlement if you are at all unsure.

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 up to 95% LTV this means you can borrow up to 95% of the value of your property. On a secured loan if you wish to borrow up to 95% LTV, you take 95% 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?

Whether you are looking for a secured personal loan or a mortgage, our advisers who would be pleased to arrange a convenient appointment with you.

Who are More4 Loans ?

More4 Loans are secured loan and mortgage broker based in Hillsborough, Sheffield, South Yorkshire but with full UK coverage.. As a broker it means that we search the market for the best secured loan and remortgage deals whatever your circumstances.. We then arrange the secured loan or remortgage for you by preparing all documents, arranging valuation on your property etc. 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 quote?

Complete the simple online secured loan quote form and we'll do the rest. We search the market for the best secured loan quote for you.

How do I apply for a remortgage quote?

Complete the simply online remortgage quote form and our mortgage advisers will search the market the best remortgage quote for you.

How do I apply for bridging finance?

Complete the online bridging finance enquiry form and we'll contact you immediately to discuss the details of your enquiry before we search the market for the best bridging finance quote.

Loan and Mortgage FAQ's.

The loan amounts depend on your individual circumstances. 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.

Both secured loan and mortgage 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 85 years old.

Complete the simply online remortgage quote form and our mortgage advisers will search the market the best remortgage quote for you.

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