Key Features
Key features of a secured loan
- MAXIMUM COMMISSION – 55%/45% split in your favour
- Fast completions, weeks not months
- Generous Income and equity allowances
- No survey in many cases and no external solicitors to slow process
- Competitive Interest rates (see product guide for current rates)
- Fixed interest and interest only plans
- ERC*now only 1 month’s interest plus one month or notice in lieu
- Use for almost any purpose (including consolidation and capital raising)
- All sorts of adverse credit accepted including IVA and bankruptcy
- Tax relief on loans used for business
- Best rate for client
Key Benefits of a secured loan
- Ability to retain your client when previously being unable to assist by not offering a secured loan alternative.
- Ability to arrange a loan where a remortgage is not possible.
- Complying with ‘TCF’ and ‘best advice’ rules when a remortgage may not be the most appropriate or suitable product for the client.
- Extending range of financial products.
- Earning additional income.
Dealing with Guardian is all about extending your product range, complying with the new FSA regulations of ‘TCF’, ‘best advice’ and retaining your customer. We firmly believe you cannot achieve all three if you are not offering secured loans to your clients in the right circumstances.
If you are unsure about offering a secured loan talk to one of our underwriters who will be pleased to help. Alternatively you can submit an online application for a quick decision or fax a DIP form. Any way you choose we are here to help you make the most of your business
*ERC Early repayment charge. If used for business, including Buy to Let charges may be higher.
