If you’re consolidating debt or improving your home, Clearly Loans could help with a homeowner loan – also known as a second-charge mortgage.
If you borrowed £35,000 over a 14-year term at 8.95% p.a. (variable), you would make 168 monthly payments of £418.88 and pay £70,371.84 overall, which includes interest of £30,326.84, a broker fee of £3,550.00 and a lender fee of £995.00. The overall cost for comparison is 11.8% APRC representative.
Key features of Clearly Loans personal loans
Am I eligible for a Clearly Loans secured loan?
You should only apply for a Clearly Loans homeowner loan if you’re certain you can meet the repayment terms. You must be a homeowner living in England, Wales or Scotland. You also need to have an existing mortgage and be over the age of 21 to apply. If you own your home jointly, you must apply with the other person.
How can I apply
Clearly Loans accepts applications through brokers. You can click on a “get quote” button above, then fill out your contact information and details about your property value and mortgage. An adviser will then call you to discuss your application and suggest the loan that best suits your needs.
Frequently asked questions
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