Self Employed Loans

Sourcing a loan when you are self-employed can sometimes be quite difficult and understandably frustrating. Some banks and lenders want information to the finest detail and ‘Self certification’ loans and mortgages are no longer available. However, some secured loan lenders take a more flexible approach regarding the information they require to evidence your income.

A self-employed loan is available for any purpose and as we have access to specialist packagers for self-employed plans. Whether you are a sole trader, own a small business or do freelance/consultancy work Caboodle could help you find the perfect 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”.

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 7.65 APRC. Loans subject to status.

Representative example: Assumed borrowing of £20,000 over 120 months, with a borrowing rate of 5.9% per annum. There would be 120 monthly instalments of £235.50. Total amount payable is £28,260 comprised of; loan capital (£20,000); interest (£6,770); broker fee (£995); lender fee (£495). This would result in an overall cost for comparison of 7.65% 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.