As we enter the New Year, lot of people are reviewing their finances and making plans to borrow money for their personal finances, outside of the property investment products Commercial Trust can help with.
You may not be aware that we part of a larger Group of family-owned finance companies called Norfolk Capital Group (NCG). Established in 1988, each individual firm has a dedicated niche of their own. All are equally focused on helping clients and providing the world-class service you expect from us.
If you need to borrow money:
- To consolidate date into one manageable monthly payment
- For big home refurbishments, or DIY projects
- To buy a car
- To pay for a wedding
Or you need money for another legal purpose, read on to see how the companies in our Group can help.
Please note that with any secured borrowing mentioned below: Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
The Loans Engine
The Loans Engine specialises in brokering secured loans, also known as homeowner loans or second charge mortgages. This is a loan secured on your home.
These loans can be used for any legal purpose you can think of, and are most commonly used to consolidate debt, fund home improvements, or pay for major life events, like a wedding.
The Loans Engine can also help borrowers who are struggling to get a loan from high street banks or building societies. They can help people with bad credit, first-time buyers, unusual income sources, and more.
If you do want to consolidate debt, which means paying off more than one loan, credit card, store card or other sort of borrowing with one loan, you can do this.
You can even reduce the monthly amount you repay to help if you are struggling with money at the moment. You can do this by borrowing for longer than you had planned to.
But, it can mean that you pay more interest which increases the total amount you repay.
Call The Loans Engine for free on: 0800 980 6275
Mercantile Trust
We are lucky to have a specialist buy to let mortgage and bridging loan lender, Mercantile Trust in our Group. They share our strong commitment to supporting clients with tailored and flexible financial solutions. They are – as the name implies – a widely trusted institution in the industry.
Due to the close connection between our companies, Commercial Trust’s mortgage advisors have direct lines to Mercantile Trust’s Chief Executive. So, if your mortgage application needs special consideration, we can quickly arrange that.
You are unlikely to find a faster lender when it comes to processing applications, especially bridging loans. Their turnaround speed is nothing short of astonishing! What’s more, they will consider adverse credit applications and really want to help you find an answer if life is throwing you financial challenges.
Find out more about Mercantile Trust here.
Central Trust
Central Trust provides loans secured on your home for debt consolidation, home improvements and other purposes, as well as specialist second charge mortgages.
A second charge mortgage is useful if you have a mortgage on your home, but need to borrow more money. You don’t have to change your existing mortgage, which is great if you would have to pay Early Repayment Charges or if you are on an interest rate you don’t want to change.
Due to their shared focus, The Loans Engine maintain a close working relationship with Central Trust.
The Central Trust team understand that life can be unpredictable, and that a person’s value cannot be measured purely by their credit score or latest payslip.
As such, they never make snap judgements based on an applicant’s financial history and are more than happy to help those that have a less-than-perfect credit score.
Call Central Trust for free on 0808 132 5353
Norwich Trust
Based in the heart of Norfolk, Norwich Trust specialise in unsecured personal loans for homeowners.
You can use this sort of loan to buy a car, consolidate debt, do some home improvements, or pay for another big expense, like a wedding.
If you are struggling with poor credit or are not being accepted for a loan by high street banks, Norwich Trust may be able to help you.
Norwich Trust offers a fast and simple application process. All you need to do is complete the online application form. Next, their team will call to make sure the loan is going to be affordable for you.
Your loan could be agreed in a matter of hours, so the process is much faster than some secured loans.
Norwich Trust’s unsecured loans do not use property as security, meaning that your home is not at risk of repossession if payments cannot be met.
But, please be aware that defaults on unsecured loan payments can still have financial repercussions.
Visit the Norwich Trust website here.
AutoMoney Motor Finance
Last, but not least, AutoMoney Motor Finance is the place to go for flexible car finance options.
They specialise in used car finance through Hire Purchase (HP) agreements, which is where you make monthly payments towards eventually owning the car outright. Automoney can also help if you have struggled to get finance in the past and if you are looking for no deposit options.
AutoMoney’s assessments are fair and personalised, taking more than just your credit score into consideration. Affordability is also assessed to ensure that the HP agreement is affordable for you.
As with our other sister firms, the team at AutoMoney are always happy to explain every step of their process, so that every part of it is clearly understood.
Representative Example: You could borrow £10,699 over 60 months with an initial payment of £495.89 (including £199 Admin Fee) followed by 58 monthly payments of £296.89 with a final payment of £495.89 (including optional £199 Option to Purchase Fee). Total amount repayable will be £19,012,40. 26.1% APR, annual interest rate (fixed) 13.3%.
Visit the AutoMoney Motor Finance website here.
What to do if you need help from our sister companies
We hope that this walkthrough has helped you to understand each company’s areas of expertise.
Get in touch with any of our sister companies on the numbers above, or click through to their websites. Alternatively, send us an enquiry and we will get you in touch with them.