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Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 85% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases

Other Reasons For A Secured Loan

Secured loans for borrowers with credit problems

Turned down for credit by other brokers or lenders?

As a master secured loan broker Omega can often arrange loans for people with credit problems, either currently or in the past.

We will compare loans various lenders from our panel to try and find a loan that suits your specific circumstances. There are loans available to suit people with good, reasonable and poor credit ratings, so we may have one which will help you.

Credit problems with which we may be able to assist include;

  • County court judgements or defaults
  • Mortgage arrears or existing secured loan arrears
  • Missed payments on existing unsecured loans and/or credit cards
  • Clients who have been denied loans elsewhere
  • IVA’s or bankruptcy’s providing these have been discharged

Loans can be arranged up to £250,000 and taken over a term most appropriate to your individual circumstances, up to a maximum of 30 years.

There are no upfront fees to pay

Other Reasons For A Secured Loan

Debt Consolidation

If you have several debts spread across various lenders e.g. credit cards, unsecured loans, unpaid bills and other finance agreements, a secured loan can help make your overall debts more manageable and reduce your total monthly commitments.

Omega have access to various Secured Loans which can be used to consolidate many types of credit commitments such as:

  • Unsecured Loans
  • Overdrafts
  • Family Debt
  • Credit cards

Debt consolidation can be a solution when you have a number of unsecured debts, which allows you to transfer the total you owe on those multiple debts into one loan.

A secured debt loan is usually offered at a much lower interest rate as the loan is secured against your house, which often means your total monthly repayments are much lower.

Once you’ve decided that a secured loan to consolidate your debts is the most appropriate solution for you, we can start thje application process straight away when you call us.

Our specialist will go through all of your credit commitments with you to assess how much you’re currently paying each month, and advise how much you could potentially save every month by paying off  those debt using a secured loan.

There are no upfront fees to pay.

Home Improvements

Home improvement loans are one of the most common reasons for applying for a secured loan, due to usually being quicker than a remortgage and often cheaper than distrurning the current mortgage.

Amongst other things, Omega arranges Second Charge Loans for;

  • New Kitchens
  • New Bathrooms
  • Extension work
  • General property refurbishment

Home improvement loan can be arranged up to £500,000 over a term up to 25 years.

There are no upfront fees to pay.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

If you are thinking of consolidating existing borrowing you should be aware that you are extending the terms of the debt and increasing the total amount you repay.

Rates from 7.8% APR variable up to 27.9% APR variable, the Actual APR you are eligible for depends on your individual circumstances. A broker fee of up to 15% of the amount borrowed may be payable.

 Omega Secured Loans is a trading style of Omega Financial Services Limited.

Omega Financial Services Limited is authorised and regulated by the Financial Conduct Authority

and is a company registered in England and Wales with company No. 5211089.

Registered office:  1 Arlington Court, Arlington Business Park Whittle Way, Stevenage, Herts SG1 2FS

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    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com