CASE STUDIES

Case Study 1

Mr & Mrs J had purchased a property that was in need of modernisation.  After using credit cards and personal loans to carry out the renovations, Mr & Mrs J soon found that they were financially over committed.

The couple came to Finance Now, and we were able to arrange a secured loan for £35,000.  This allowed Mr & Mrs J to consolidate their credit card an loan debts, more than halving the amount that the couple were paying out each month; giving them the financial breathing space they needed.

Case Study 2

Mr S & Miss F were expecting a new baby and needed extra room in their property.  They already had a 95% mortgage, but needed an extra £20,000 for a loft conversion; taking their total borrowing to 119% LTV.

Finance Now were able to arrange a secured loan for the couple, allowing them the time to finish the loft conversion in time for the birth of their new son.

Case Study 3

Mr D had a poor credit history, he needed to raise £15,000 to pay off a credit card that he had defaulted on.

Finance Now were able to raise the money he needed on a secured loan against his house, which took him to £88% LTV. The whole transaction was completed in just over 2 weeks.

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Please note this is NOT an offer of a loan. The monthly payment shown above is for illustration purposes only and is subject to status. Your actual rate will depend on individual circumstances.

The overall cost for comparison is 11.7% APR. The actual rate available will depend upon your circumstances. ask for a personal illustration. APR variable based on a usual case. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your Mortgage or any other debt secured on it.

By consolidating your existing financial commitments, you should be aware that whilst this may mean you will make short term savings, over the long term, you may end up paying more. This is because you may be extending the period of the loan. You are also transferring previously unsecured debts to a mortgage which is secured on your home.

Consumer Credit Licence No. 549463, Data Protection Z8365202.

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