A. North West Business Finance will give you genuine and honest options available to you based upon our personal circumstance. We will not promise you one interest rate knowing you do not qualify then offer you another just before completion. We don't charge up front fees or costs.

We have access to a panel of lenders for secured loans thst offer the best possible terms, including plans that borrow up to 125% of your property value.

We may be able to help regardless of your personal situation including self-employed, no proof of income, credit and arrears problems.

The one thing that separates North West Business Finance from other brokers is that we will take the time to plan your new personal loan, make sure it is affordable and most importantly ensure it achieves what you are planning for.

North West Business Finance guarantee to offer you the most suitable plan available to you from our panel of lenders and the best terms tailored to your future plans. Above all, we are genuine people and you can talk to us.

A. Rates on mortgages are usually cheaper than homeowner loans, therefore, it may be better for you to borrow more on your new home and pay off the loan.

However, if your income prohibits borrowing extra, it may be possible to transfer it to your new home subject to the equity available and your payment history. We would be delighted to advise you at the time.

A. You may be aware the Financial market is a crowded place, most of which are Banks or Finance Houses owned by other major Banks. Some have a network of related branches and others simply one large office based operation. North West Business Finance takes the complication away from you.

North West Business Finance only use long established reputable companies who are authorised and regulated by the FSA and who all offer a selection of rates and terms usually priced to risk.

Most will not deal direct with the consumer and only accept applications via brokers. They do not offer any special rates toindividual brokers; we all offer the same terms, which is passed to the consumer.

We are usually paid a commission for arranging your loan. This is on completion only. We will not charge you anything if we fail to complete the loan.

A. North West Business Finances policy is to always offer the most suitable plan available. Whilst processing your loan, should the valuation report show more equity in your property or the mortgage reference shows less arrears than at first thought, we will re-issue the loan on a cheaper plan if it is suitable to your needs.
All we ask is that you clearly outline your current status and objectives and we will offer you the best rates & terms from the most suitable lenders.
If we are not 100% sure the lender will grant the loan we will tell you. We will always do our upmost to get you the best terms available to you.

A. We operate strictly within the Consumer Credit Act 1974. The Office of Fair Trading grant a license to trade (Consumer Credit Licence number pending).
North West Business Finance are authorised and regulated by the Financial Services Authority (FSA) and are also members of The Finance Industry Standards Association (FISA).
We are registered under the Data Protection Act.
You can feel safe that by dealing with us, you are fully protected every step of the way!

A. Absolutely Yes, this is the most important step you can take to ensure your loan completes. Remember you are dealing with the broker and not the lender. Always tell us everything good and bad. It usually comes out in the end and this may result in time being lost and disappointment. There is usually a loan plan for everyone, but please tell us the facts about past credit problems as early as possible and let us decide what lender and plan is best suited to ensure we get the loan you require with the minimum of fuss and in a timely manner.

A.You could be buying Shares in a "dot-com" company, paying of gambling debts, starting a business or paying for a 30 foot high statue of Elvis Presley to be erected in the garden - it doesn't matter to us and we place you with a lender that it doesn't matter to either.
Remember - you must tell us everything, good and bad, and we will decide which lender to use.

A. Loans under £25,000 are regulated by the Consumer Credit Act 1974. On these amounts you will be given an 8 day consideration period before your agreement is posted to you to sign , you will then be given a further 8 days to send the agreement back to us before we will contact you. Loans above £25,000 have no consideration period.
In either case we often need a valuation to be carried out on your property and a reference to be sent to your existing mortgage company to ensure that the quote given (based upon your statement of valuation and mortgage arrears will be given bythe lender i.e. fits the lenders criteria (we will pay for both of these).
Once all the documents are signed, the valuation report and lenders reference returned, your loan will be submitted to pay out.
Most lenders will phone you prior to payout, to introduce themselves and ask a couple of security questions. Then the cheque is posted to you.
It can take between 10 to 21 days on average from application to completion

A.If you are considering taking out a loan, you need to think how you would repay your loan or mortgage if you became unable to work because of illness, accident or injury or even if you lost your job through redundancy? What would happen if you suddenly died? Could your partner or dependants continue to make repayments? The government will not give any assistance towards secured loans.

Payment Protection may well be the answer and can ease the burden in difficult times. Payment protection is optional and is available on every loan we arrange for applicants between thes ages of 18 to 62, employed or self employed.
Cover varies with each company so it is important you read the leaflet we will send to you, which will determine exact terms of cover applicable to you. It is a small price to pay for peace of mind.

A.The loan may be repaid at any time. On early settlement you will either be entitled to a rebate of the outstanding interest as defined by The Consumer Credit Act early settlement regulations 2004. You may be subject to a small interest penalty.

For example, you may have a loan with £5,000 left to pay, and your interest rate is 10%. If there is an early redemption penalty of 1 months interest applicable, this means that the penalty would be £41.65, so you would have to pay £541.65 to finish the agreement.

For the exact terms applicable to you, refer to your individual credit agreement.

A. No. We do not charge any upfront fees We pay all costs associated with arranging the loan. For example:

   Valuation fees
   References from mortgage lenders References from second charge lenders
   searches, etc.

Even if we have paid out hundreds of pounds to help you get your loan you will not be charged upfront fees. All we ask is that you try and tell us if you have any doubts before we incur costs to limit any unnecessary expenses.

A. Should you change your mind, all your paperwork will be returned and the file will be closed.
You will not incur any fees or penalties. Even if we have paid out hundreds of pounds to help you get your loan you will not be charged. All we ask is that you try and tell us if you have any doubts before we incur costs to limit any unnecessary expenses.

A.Yes, most Lenders have a re-scheduling department and most are happy to accommodate, although this may in some instances incur costs.

A. Some lenders allow this and others do not.

If you think you may wish to make additional payments over and above your chosen repayment, please tell us in advance so we can arrange the loan with a lender who accepts this.

If a lender does accept additional payments then you will normally pay by direct debit but a "paying in book" will be poste to you upon completion for your extra payments. This way you can keep a record of the extra amounts you pay. Because the interest is charged on a monthly reducing balance, the overpayments made should reduce the term of your loan. Statements are available at anytime by request to show all transactions.