Secured Loans HSBC – 3.21% Homeower Loan Options

Secured Loans HSBC UK

  • Secured Loans HSBC can be a low cost way of borrowing money against your home
  • Loans typically above £10,000
  • 3.21% APRC rate
  • You don’t need to be an existing customer
  • You can keep your existing mortgage
  • Upto 90% LTV (loan to value)

 

 

 

 

HSBC Secured Loans alternaive lender illustration

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£12,696.20
Fees
£1,595
Overall cost for comparison
9.8% APRC
To pay off balance over 60 months
£185.02 p/m

Together second mortgage – a higher rate than a HSBC Home Loan
Together: Together second mortgage
Total payable
£13,331.60
Fees
£1,550
Overall cost for comparison
12.0% APRC
To pay off balance over 60 months
£196.36 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£13,771.60
Fees
£1,375
Overall cost for comparison
13.4% APRC
To pay off balance over 60 months
£206.61 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards  – poor terms compared with a HSBC Bank Loan
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£13,905.20
Fees
£1,595
Overall cost for comparison
13.8% APRC
To pay off balance over 60 months
£205.17 p/m

Optimum Credit Ltd Second Charge – High fees compared with a HSBC Secured Term Loan of 10 years
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£14,121
Fees
£1,695
Overall cost for comparison
14.5% APRC higher than HSBC Secured Loan Rates
To pay off balance over 60 months
£207.10 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee – her than a Secured Loan HSBC

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Secured Loans HSBC comparison example

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£15,136.80
Fees
£1,815
Overall cost for comparison
9.5% APRC
To pay off balance over 60 months
£222.03 p/m

Optimum Credit Ltd Second Charge  – HSBC Secured Loan can be much cheaper
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£16,826.20
Fees
£1,915
Overall cost for comparison
14.2% APRC
To pay off balance over 60 months
£248.52 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£16,526.40
Fees
£1,650
Overall cost for comparison
13.4% APRC
To pay off balance over 60 months
£247.94 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£15,908.40
Fees
£1,770
Overall cost for comparison
11.7% APRC
To pay off balance over 60 months
£235.64 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£16,587
Fees
£1,815
Overall cost for comparison
13.6% APRC
To pay off balance over 60 months
£246.20 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative – HSBC Homeowner Loan Rate much lower

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Secured Personal Loans illustration for terms companison

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£17,576.80
Fees
£2,035
Overall cost for comparison
9.3% APRC
To pay off balance over 60 months
£259.03 p/m

Optimum Credit Ltd Second Chargeaa
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£19,531.40
Fees
£2,135
Overall cost for comparison
14.0% APRC
To pay off balance over 60 months
£289.94 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£19,280.60
Fees
£1,925
Overall cost for comparison
13.4% APRC
To pay off balance over 60 months
£289.26 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£18,484.60
Fees
£1,990
Overall cost for comparison
11.5% APRC
To pay off balance over 60 months
£274.91 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£19,268.80
Fees
£2,035
Overall cost for comparison
13.4% APRC
To pay off balance over 60 months
£287.23 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative – Homeowner Loan HSBC can be a much lower APRC rate

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530 – HSBC Homeowner Loan has no broker fee.

Lender fee

£495 – HSBC Homeowner Loan Rates lower and no lenders fee

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Homeowner Loans HSBC alternaive lender

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£20,532.60
Fees
£2,145
Overall cost for comparison
6.6% APRC
To pay off balance over 120 months
£153.23 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£24,949
Fees
£2,245
Overall cost for comparison
11.2% APRC
To pay off balance over 120 months
£189.20 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£22,456.80
Fees
£1,650
Overall cost for comparison
8.6% APRC
To pay off balance over 120 months
£173.39 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£24,669.30
Fees
£2,062.50
Overall cost for comparison
10.9% APRC
To pay off balance over 120 months
£188.39 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£22,676.40
Fees
£2,100
Overall cost for comparison
8.9% APRC
To pay off balance over 120 months
£171.47 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards – HSBC Homeowner Loans could be a much lower overall cost with no brokers fee.
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£24,462.60
Fees
£2,145
Overall cost for comparison
10.7% APRC
To pay off balance over 120 months
£185.98 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Homeowner Loans lender alternative for bad credit homeowner

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£22,375.20
Fees
£2,145
Overall cost for comparison
5.7% APRC
To pay off balance over 180 months
£112.39 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£29,470
Fees
£2,245
Overall cost for comparison
10.3% APRC
To pay off balance over 180 months
£151.25 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£25,768.20
Fees
£1,650
Overall cost for comparison
8.0% APRC
To pay off balance over 180 months
£133.99 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£29,127.30
Fees
£2,062.50
Overall cost for comparison
10.1% APRC
To pay off balance over 180 months
£150.36 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£25,843.80
Fees
£2,100
Overall cost for comparison
8.0% APRC
To pay off balance over 180 months
£131.91 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards  – Homeowner Loans HSBC likely a better deal.
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£28,732.80
Fees
£2,145
Overall cost for comparison
9.8% APRC
To pay off balance over 180 months
£147.71 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Homeowner Loan failed credit score could consider alternaive lender below illustration

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£24,323.40
Fees
£2,145
Overall cost for comparison
5.3% APRC
To pay off balance over 240 months
£92.41 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£34,405
Fees
£2,245
Overall cost for comparison
9.9% APRC
To pay off balance over 240 months
£134 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£29,346
Fees
£1,650
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£115.40 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£33,992.10
Fees
£2,062.50
Overall cost for comparison
9.7% APRC
To pay off balance over 240 months
£133.04 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£29,258.40
Fees
£2,100
Overall cost for comparison
7.6% APRC
To pay off balance over 240 months
£113.16 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards – HSBC Secured Loans likely a better deal over this term
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£33,385.80
Fees
£2,145
Overall cost for comparison
9.4% APRC
To pay off balance over 240 months
£130.17 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Did you fail the Homeowner Loan HSBC credit score?  Alternaive lender example

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£26,373
Fees
£2,145
Overall cost for comparison
5.0% APRC
To pay off balance over 300 months
£80.76 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£39,700
Fees
£2,245
Overall cost for comparison
9.6% APRC
To pay off balance over 300 months
£124.85 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£33,168
Fees
£1,650
Overall cost for comparison
7.5% APRC
To pay off balance over 300 months
£105.06 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans – HSBC Secured Personal Loans could be a cheaper deal
Total payable
£39,211.50
Fees
£2,062.50
Overall cost for comparison
9.5% APRC
To pay off balance over 300 months
£123.83 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£32,907
Fees
£2,100
Overall cost for comparison
7.4% APRC
To pay off balance over 300 months
£102.69 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards – Secured Loans HSBC likely a cheaper offering.
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£38,379
Fees
£2,145
Overall cost for comparison
9.2% APRC
To pay off balance over 300 months
£120.78 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Poor credit may make HSBC Homeowner Loan Rates unobtainable – alternative lender

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£28,522.20
Fees
£2,145
Overall cost for comparison
4.9% APRC
To pay off balance over 360 months
£73.27 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£37,214.40
Fees
£1,650
Overall cost for comparison
7.4% APRC
To pay off balance over 360 months
£98.79 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£36,764.40
Fees
£2,100
Overall cost for comparison
7.2% APRC
To pay off balance over 360 months
£96.29 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Failed HSBC Homeowner Loan Rate credit score – find an alternative illustration from another lender

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£24,898
Fees
£2,695
Overall cost for comparison
9.0% APRC
To pay off balance over 60 months
£370.05 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£27,647
Fees
£2,795
Overall cost for comparison
13.6% APRC
To pay off balance over 60 months
£414.20 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£27,543.80
Fees
£2,750
Overall cost for comparison
13.4% APRC
To pay off balance over 60 months
£413.23 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£26,361.80
Fees
£2,798
Overall cost for comparison
11.5% APRC
To pay off balance over 60 months
£392.73 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£27,314.80
Fees
£2,695
Overall cost for comparison
13.0% APRC
To pay off balance over 60 months
£410.33 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Secured Loan lender rejections could consider alternative lender

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£27,211
Fees
£2,695
Overall cost for comparison
6.5% APRC
To pay off balance over 120 months
£204.30 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£33,067.40
Fees
£2,795
Overall cost for comparison
11.0% APRC
To pay off balance over 120 months
£252.27 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£29,942.80
Fees
£2,200
Overall cost for comparison
8.6% APRC
To pay off balance over 120 months
£231.19 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£32,892.80
Fees
£2,750
Overall cost for comparison
10.9% APRC
To pay off balance over 120 months
£251.19 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£30,233.60
Fees
£2,798
Overall cost for comparison
8.9% APRC
To pay off balance over 120 months
£228.63 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£32,451.40
Fees
£2,695
Overall cost for comparison
10.5% APRC
To pay off balance over 120 months
£247.97 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

Secured Loan HSBC

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£29,668
Fees
£2,695
Overall cost for comparison
5.6% APRC
To pay off balance over 180 months
£149.85 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£39,095.60
Fees
£2,795
Overall cost for comparison
10.2% APRC
To pay off balance over 180 months
£201.67 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£34,357
Fees
£2,200
Overall cost for comparison
8.0% APRC
To pay off balance over 180 months
£178.65 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£38,836.40
Fees
£2,750
Overall cost for comparison
10.1% APRC
To pay off balance over 180 months
£200.48 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£34,454.60
Fees
£2,798
Overall cost for comparison
8.0% APRC
To pay off balance over 180 months
£175.87 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£38,146
Fees
£2,695
Overall cost for comparison
9.8% APRC
To pay off balance over 180 months
£196.95 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Secured Loan Rates

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£32,265.40
Fees
£2,695
Overall cost for comparison
5.2% APRC
To pay off balance over 240 months
£123.21 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£45,673.40
Fees
£2,795
Overall cost for comparison
9.8% APRC
To pay off balance over 240 months
£178.66 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£39,126.40
Fees
£2,200
Overall cost for comparison
7.7% APRC
To pay off balance over 240 months
£153.86 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£45,321.20
Fees
£2,750
Overall cost for comparison
9.7% APRC
To pay off balance over 240 months
£177.38 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£39,011.60
Fees
£2,798
Overall cost for comparison
7.6% APRC
To pay off balance over 240 months
£150.89 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£44,349.40
Fees
£2,695
Overall cost for comparison
9.4% APRC
To pay off balance over 240 months
£173.56 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Secured Term Loan

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£34,999
Fees
£2,695
Overall cost for comparison
5.0% APRC
To pay off balance over 300 months
£107.68 p/m

Optimum Credit Ltd Second Charge
Optimum Credit Ltd: Optimum Credit Ltd Second Charge
Total payable
£52,736
Fees
£2,795
Overall cost for comparison
9.6% APRC
To pay off balance over 300 months
£166.47 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£44,224
Fees
£2,200
Overall cost for comparison
7.5% APRC
To pay off balance over 300 months
£140.08 p/m

Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Norton Home Loans: Norton Home Loans apply for a secured mortgage with a great interest rate – variable rate debt consolidation loans
Total payable
£52,283
Fees
£2,750
Overall cost for comparison
9.5% APRC
To pay off balance over 300 months
£165.11 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£43,874
Fees
£2,798
Overall cost for comparison
7.4% APRC
To pay off balance over 300 months
£136.92 p/m

Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Central Trust Ltd: Central Trust Ltd allow you to borrow at a great loan to value but they will look at your credit report and credit cards
Total payable
£51,010
Fees
£2,695
Overall cost for comparison
9.2% APRC
To pay off balance over 300 months
£161.05 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Bank Loan

Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Masthaven Bank Ltd: Masthaven Bank Ltd 2nd Mortgage – find the best type of loan
Total payable
£37,863.40
Fees
£2,695
Overall cost for comparison
4.8% APRC
To pay off balance over 360 months
£97.69 p/m

Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Step One Finance Limited: Step One Finance Limited annual percentage rate and loan repayments plus arrangement fees
Total payable
£49,619.20
Fees
£2,200
Overall cost for comparison
7.4% APRC
To pay off balance over 360 months
£131.72 p/m

Together second mortgage
Together: Together second mortgage
Total payable
£49,018.40
Fees
£2,798
Overall cost for comparison
7.2% APRC
To pay off balance over 360 months
£128.39 p/m

Overall representative example

Based on borrowing

£18,000 over 120 months

The overall cost of comparison

9.1% APRC representative

Borrowing rate

6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71

Broker fee

£1,530

Lender fee

£495

Total amount payable

£26,945.40 comprised of a loan amount of £18,000 and interest of £6,920.40

HSBC Home Loan

Some people looking for smaller loans may be better off with a no credit check loan deal

https://www.hsbc.co.uk/

HSBC UK Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 765112).

HSBC UK Bank plc is a company incorporated under the laws of England and Wales with company registration number 9928412 and its registered office at 1 Centenary Square, Birmingham, B1 1HQ.

The Standards of Lending Practice which is monitored and enforced by the Lending Standards Board.

Further details can be found at www.lendingstandardsboard.org.uk