Debt Repayment Homeowner Loan In Blackpool Case Study
Debt Repayment Homeowner Loan
Discover how ABC Finance homeowner loan experts helped this client secure a homeowner loan to repay debts in Blackpool.
The facility
Location
Blackpool
Capital raised
£25,000
How funds were spent
Debt consolidation and home improvements
The request
Our clients (a young couple) were looking to raise funds to repay defaulted accounts due to a “life-event blip” where a number of credit commitments/accounts ran into delinquency.
Miss had inherited her late grandmother’s property, but wasn’t able to get finance through many high street and niche lenders and her credit report wasn’t able to repair itself.
We did a detailed fact-finding exercise to establish the level of missed payments and adverse credit.
The solution
A pre-underwriting enquiry call was made to the lender to advise them of the full situation and to establish what documentation would be required. We raised enough funds to clear all the couples’ credit commitments, as well as releasing some equity for them to make their property more homely.
From application to funding was 4 working days, but note that one of these days was actually a Bank Holiday so technically it was a 3-day turnaround!
No additional legal costs were needed despite this being a first-charge on their home.
Clients were over the moon to be able to press the “reset button” to begin rebuilding their credit profiles, while still having the funds to make their house a home.
Gary Hemming
Commercial Lending Director
Why work with ABC Finance to get a homeowner loan?
Our team at ABC Finance are true experts in homeowner loans. We’re focussed on helping our clients to secure the best deal on their finance, quickly.
That’s why we offer market leading, fixed £1,495 broker fees on homeowner loans, no matter how much you borrow. Get in touch today and save thousands compared to what you’ll pay through the big comparison sites!
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