Our new lowest rate ever
Our lowest rate ever
We have made some significant changes to our second charge range and introduced a NEW lowest rate on the market with some other great features.
For your clients wanting the lowest second charge rate
- Variable rates now start at 3.57% – the lowest ever in the sector
- 2 year fixed from 3.77%
- 5 year fixed from 4.15%
For your clients wanting no ERC’s
- Variable rates from 3.63% – still lower than all competing lenders
- 2 year fixed from 4.03%
- Reduced rates with no ERCS
For your older clients
The maximum age at the start of the loan term, for income to be considered, has increased from 60 to 75 (i.e. the customer must not have passed their 75th birthday). Customers aged over 70 at the start of the loan will be required to obtain independent legal advice.
The maximum age at expiry of the loan for any (employed or self-employed income) to be considered will increase to 80 (must not have passed their 80th birthday). If their income is not being considered the loan can extend to age 85.
We are seeing some really large loans at the moment (£100K plus) and this lender is great with a very slick process.
This is just one of the 20 lenders we have so all other enquiries are welcome.
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk