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Further Information
Secured Loans
Mortgages
Cancellation Policy
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Is my application confidential?
Absolutely, we treat all applications in the strictest confidence. We will not contact any third party without your prior consent. Top of page!
Am I under any obligation by filling in the enquiry form?
No, you are under no obligation whatsoever. We will recommend a secured loan or remortgage to suit your circumstances. It is then your decision if you wish to proceed. Top of page!
My credit history is stopping me from finding a Loan or Remortgage.
Can you help?
We like to think we can! We can often find a secured loan or remortgage when others have said no. We treat you as an individual and don’t just look at your credit rating.If you have late payments, defaults, arrears or CCJ’s we will work hard to find you the funds to consolidate your debts and make a fresh start. Top of page!
How much can I borrow and over how long?
This will depend on your available income and the equity in your property… Our Loans range from £3,000 to £100,000 and our Mortgages from £5,000 to £1,000,000.
When you replace your mortgage you may wish to borrow more than the amount required to pay off your current lender. This is very common and at Greenhill we aim to be as flexible as possible towards your requirements. The extra money can be used for home improvements, debt consolidation or even that dream holiday! Top of page!
Repayment terms are entirely up to you, Loans are typically between 3 and 25 years and Mortgages from 5 to 30 years. We will find the most suitable timescale to suit your situation. Top of page!
What can I spend the money on?
Whatever you want to! Wherever possible the money is yours to spend as you wish. This could be consolidation of existing higher rate credit, home improvements, or that special holiday… it’s your money.
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What if I want to borrow more in the future?
Simply telephone our office and we will gladly quote you for any further finance. Top of page!
What if I want to cancel my agreement before it starts?
Please read our "Cancellation Policy" for further details. Click here.
I am confused about the different rates and APR...
We have available to us a panel of lenders who have many different products available for you which can include variable and fixed rates. Interest rates will vary according to your personal circumstances; there are many different rates to suit individual applicants. Call our experienced advisors who can provide a personalised illustration of rates and APR applicable to you. As an example, for Loans the typical variable rate is 15.9% APR. For Mortgages the overall cost for comparison is 9.2% APR. Two thirds of our customers receive the quoted rates or less. Top of page!
How long does it take to arrange my Loan?
The whole process usually takes two to three weeks dependent upon a number of factors including how quickly you can supply us with the documentation required to complete your loan. Top of page!
How long does it take to arrange my Mortgage?
The whole process usually takes upto four weeks dependent upon a number of factors including how quickly you can supply us with the documentation required to complete your mortgage. Top of page!
What are the charges and fees I will have to pay?
A fee of 2% of the mortgage amount will be charged, subject to a minimum of £1,750, and we work on a no mortgage no fee basis. Depending on your circumstances the fee charged for loans is up to 12% of the amount borrowed, this is usually included in the loan itself. Top of page!
What if I want to move house?
Simply pay the outstanding balance from the proceeds of the sale. Top of page!
Can I settle my Mortgage early?
You can, of course, pay off your mortgage at any time. Some early repayment charges may apply depending on the lender you are with and when you redeem the account. Full details of any such charges will be detailed to you in writing before your new mortgage completes. Top of page!
Will my property have to be valued?
It may be necessary to value your property. Don’t worry, any valuation we need to help get your mortgage will be paid for by us. Top of page!
What if I can not meet my payments due to Illness, Accident or involuntary unemployment?
Greenhill can arrange insurance cover to protect you in the event of unforeseen circumstances, talk to our advisors who will be able to offer advice on the types of cover available and how important they are.
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What if I already have defaults, CCJs or mortgage arrears?
We have many lenders on our panel offering a diverse range of plans. This enables us to arrange finance for people in some of the most difficult circumstances.
Is it safe to apply on line and will the personal details I provide be secure?
It is extremely safe to apply on-line as our web site employs the latest 128 bit encryption technology, therefore your details cannot be viewed by any unauthorised third party.
Can I settle my loan early?
Yes, The Consumer Credit Act 2004 regulations prescribes a calculation which determines the amount of money to be paid in the event of early settlement, there is a complex formula the result of which is put simply by saying there will be a maximum of 2 months interest added to the outstanding balance to arrive at a settlement figure. The Finance Industry Standards Association guide that we will send you with your loan offer contains further information about what assumptions and details are considered in arriving at the balance outstanding.
Are fixed interest rates available?
On the majority of our loans we are able to offer interest rates fixed for up to five years (where the loan term is 60 months or longer). Rates of interest that are fixed for the whole loan term are also available.
How will Greenhill be paid?
Greenhill will receive a commission from the lending company. This is variable and is dependent on a number of factors including: Who the lender is and the interest rate charged.
This commission payment is a payment from the lender to us. It is not deducted from your loan or mortgage advance. We will always advise you of the amount of commission the lender pays to us.
Greenhill will also charge you a fee. The fee on a loan is up to 12% of the loan amount and is only payable on completion of your loan. This fee is normally added to your loan. The Finance Industry Standards Association guide that we will send you with your loan offer contains further details on how we are remunerated
For mortgages a fee of 2% of the mortgage amount will be charged, subject to a minimum of £1,750, this is normally added to the mortgage and we work on a no mortgage no fee basis.
My query isn’t here. What do I do?
We know that taking out a loan or mortgage is a huge thing to consider, and you have lots of questions, for any advice call us on 0800 916 4148, we are here to help. Top of page
I want to apply, what do I do next?
Call us on 0800 916 4148 we are here to help you to get the loan or mortgage you need…
or fill in our short no obligation form on this page. Top of page! |
