What’s the difference between a remortgage and a secured loan?
Not a lot. A remortgage is where the new lender takes a 1st charge on your house and pays off all the mortgages you already have. A secured loan is where the lender has a 2nd charge on the property and all other loans secured to it are paid off apart from your 1st mortgage.
Are mortgages and secured loan regulated?
Remortgages have been regulated by the Financial Services Authority (FSA) since 2004. Secured loans are regulated by the Consumer Credit Act 2006(CCA). In addition most good brokers, like bluetulip money, are registered members of the Finance Industry Standards Association (FISA). So don’t worry which product is right for you, you will be well protected.
What’s better for me – a remortage or secured loan?
It depends on your personal circumstances and how much you wish to borrow. For example if you have a 1st mortgage with a high redemption penalty, you will probably be better off with a secured loan. If you have a small 1st mortgage and want to borrow a large amount, a remortgage will probably be best. Don’t worry your “bluetulip” relationship manager will explain the advantages and disadvantages so you can choose what’s right for you with confidence.
Who can we help ?
Anyone who owns a home and has a reasonable amount of equity in it. (Equity is the difference between what your house is worth and what’s owing on it.) We can help with:
CCJs
Mortgage arrears
Self employed with no proof of income
Retired
Bad credit history
Previous bankruptcy
Previous or current IVA
I’ve just bought my home from the council – can you help?
Yes – our lenders will grant you a loan even if you've been given a large discount on
your home – and yes – you can borrow for any purpose.
What can I spend the money on?
Absolutely anything.
Consolidating your debts
Improving your home
A new car
Pay off all mortgages, or just clear your arrears
Fantasy holiday
Invest in your business
Start a new business
Buy another property
The choice is yours.
Why bluetulip money?
We're a small dedicated team with nearly 100 years experience between us of helping people like you. We’ll appoint a bluetulip relationship manager to get you through the process and get you your money fast. We’re a registered member of the Finance Industry Service Agency (FISA), who have a strict code of conduct to which we comply.
