Self Employed Loans

Self Employed Loans

Sourcing a loan when you are self employed can often be quite difficult and understandably frustrating as some banks and lenders want information to the finest detail. As a secured loan broker we work closely with a number of lenders who offer loans to a wide range of self employed people without putting them through lengthy processes of proving their income.

Although ‘self certification’ loans and mortgages are no longer available some lenders are able to consider applications without the need for full accounts meaning a wider range of self employed people can gain access to the finance they require.

A Caboodle self employed loan is available for any purpose and as we have access to hundreds of self employed plans your adviser will ensure the best and most appropriate plan is chosen to match your needs and circumstances. Whether you are a sole trader, own a small business or do freelance/consultancy work Caboodle could find the perfect self employed loan for you. Even if you have only been self employed for a relatively short period of time Caboodle may be able to assist.

Our friendly experienced staff will help you every step of the way. With Caboodle you could borrow from £3,000 – £500,000 with an any purpose self employed loan.

At Caboodle we also have access to a wide range of self employed remortgage plans which your adviser will be able to discuss with you if you feel this option may also be of interest.

Following some changes in regulation, Secured Loans are now commonly referred to as “second charge loans” or “second charge mortgages”. This terminology may be used when we speak to you about your requirements and in documents you receive as part of the process.

The secured loans process is simple, either complete the short online enquiry form and a Caboodle adviser will contact you, or call us at no obligation on 0800 151 2407 or 0121 308 9114.

 

Representative 9.2% APRC. Loans subject to status.

Representative example: Assumed borrowing of £20,000 over 120 months, with a borrowing rate of 7.1% per annum. There would be 120 monthly instalments of £250.95. Total amount payable is £30,114 comprised of; loan capital (£20,000); interest (£8,624); broker fee (£995); lender fee (£495). This would result in an overall cost for comparison of 9.2% APRC.

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. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

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. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 9.2% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of Pink Home Loans, Pink Home loans is a trading style of Advance Mortgage Funding Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 305008) for mortgage and non-investment insurance advice.
The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2014 Caboodle Financial Services Ltd