This guide makes it quick and easy to find loans and mortgages for you
Watch the video or read the text below
Then click the button on each page to select the next step
Mortgages and loan guides are not the same as comparison websites – why is that important to you?
Comparison websites are simply best buy tables. Each lender can only offer you “their best” product. So, you will never get to see what the other 99% of the market has to offer. If you don’t qualify for their “best buy”, their next best could be far worse than a lender you have not considered.
Think about it: If you wanted advice on the best car for you, you wouldn’t go to a dealer which only sells one type of car. It’s more likely you would listen to someone who knows about every type of car. Including what’s good, what’s bad and can consider all of your requirements, to help find the best car for you.
Mortgages and loans are undeniably very similar. Often, you want to consider them side by side and look at the whole market. But do you want to be railroaded in to one type of finance to make someone else’s life easier?
At Promise Money, we don’t want to pigeonhole you. As a regulated credit and mortgage broker, our lenders represent the whole of the market. We aim to open up as much choice as possible, inform you, and finally help you get the right outcome.
As you follow each step of this mortgages and loan guide, make sure to watch every video or read the text to start thinking about what’s right for you. There are a few videos available if you want to learn more about a specific subject. Nonetheless, if you take a wrong turn, just hit the back button.
Before you start – understand this…..
You might want to better understand how you look to a lender. Individual lenders will look at your overall circumstances, but they particularly want to know about your credit history. Basically, most of the time, it’s not just about your credit score.
Many lenders ignore credit scores and look at the details on all of your current and historic credit. This is actually good news, because they make decisions based on the actual data rather than you needing to hit a random credit score number.
For example, did you know there are lenders which will ignore all poor credit, if it happened more than a year ago? Or don’t mind if you have a few missed payments recently? Therefore, you should really have the information lenders will see, it’s also free. So, before you start, you can click the button below to get a free credit search. It shows your entire credit history from three separate credit agencies.
Please Note: This guide is for mortgages, secured loans and unsecured loans. If you are looking for specialist commercial mortgages, bridging loans or development finance, please click the relevant button below.
Promise Money is a broker not a lender. Loans are subject to status – minimum age of 18.
So let’s get going. Click on the button which best describes your requirements:
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
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
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
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
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