|
Everyday Homeowner Plus Loans let you raise from
£3000 to £100,000 by using your property as
security. To take a Homeowner Plus loan you'll need to have an
existing mortgage over your home.
|
What could
an Everyday
Homeowner Plus Loan do for
you? |
|
You can borrow up to 90% of your property's value, less the amount of
any current mortgage(s) you
have.
Example: You have a
£40,000 mortgage. Your house is
now worth £100,000. Subject to
affordability and approval, you could borrow up to
£50,000.
You can use the money as you wish,
from improving or extending your home to
consolidating existing
debts.
| |
| 
Call
free:
0800 288 9001
or
click here
and we'll call you
back
| |
Everyday questions about Everyday
Homeowner Plus Loans.
. How
much can I borrow and what will it cost?
. What
documents must I bring to the meeting?
. How
long will it take?
. What
if my circumstances change?
. How much can I borrow and
what will it cost?
Four
things help us to decide how much we'll lend you and the
amount of your loan repayments: We look at:
1. What you can
afford
2. The current value of your home
3. Your current
circumstances (income and outgoings)
4. Your financial
affairs in the past (credit history)
Your everydayloans advisor will
need to assess these things when you meet, in order to decide
what loan would be most suitable. That's why you'll need to
bring a few important documents with you.
top
>
. What documents must I
bring to the meeting?
There are some things we'll need to see when you
apply for your loan. Please bring the following
original documents with you:
|
[1]
Proof of identity for
each
borrower |
[2]
Proof of where
you
live |
[3]
Proof of your income
and regular
outgoings |
|
. A valid
passport
.
or
. A valid
driving licence
.
or
. If you
are self-employed
.
in the construction
. industry then a
signed
.
photographic registration
. card (Forms C1S4,
. C1S4(P), C1S4(T),
C1S5
. or
C1S6) | |
|
. A recent utility
bill
. or
. A bank statement
. or
.
A car tax renewal letter
. from the DVLA
. or
.
A Television licence
. renewal
letter | |
|
. Most recent
payslip
. (within 60
days) or 2
. months
bank accounts
. Last
annual mortgage
.
statement
.
Accountant's reference
. Self Assessment
Return
. Previous
year's audited
.
accounts
.
SE60 slips - last 4
.
weeks
| |
Having trouble locating any of the
documents? Don't panic - there are
other options!
Speak to one of our loan advisors on 0800 288 9001 and
they'll discuss the alternatives with
you. |
Remember these must be originals, NOT
photocopies. If you don't bring the items we need we can't
process your loan application. Why not print out the list now
and tick off each item as you gather it?
top
>
. How long will it take?
We'll need a
couple of minutes on the phone first to arrange an
appointment. Your meeting at the branch should take around an
hour. In most cases, we'll be able to confirm an
'in-principle' loan proposal to you there and then.
Once we have all the information we need from
you, we'll need to verify a few legal details relating to your
property. If we're satisfied, and you can meet your
repayments, we would hope to issue a cheque or transfer the
funds to you within 2-4 weeks.
top
>
. What if my circumstances
change?
If a
change in circumstances means you think you can't make your
repayments, you must tell us straight away. We'll endeavour to
help you manage the situation.
top
>
THINK CAREFULLY BEFORE SECURING
OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR
ANY OTHER DEBT SECURED ON IT.
| 
