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Financial Dictionary – Understand Financial Jargon
The jargon buster Every industry has its own jargon and financial services is no different. But, at Loan.co.uk we avoid it. We try very hard not to use jargon but sometimes there’s no alternative. So, to make absolutely sure we’re being 100% clear in what we say, we’ve put together this little list of definitions... Read more
Early Repayment Charges – what are they and should I worry?
When you’re searching for loans, you need to look out for an early repayment penalty (ERC) as well as the APR. Many people just focus on comparing Annual Percentage Rates (APRs), but just because a loan may have the smallest APR, it doesn’t always mean it’s the most competitive deal. Especially when it comes to... Read more
Understanding debt consolidation loans
Debt consolidation usually involves taking a number of existing loans and credit card balances and combining them into one single, relatively large loan. Why would you want to consolidate your loans like this? There are several advantages of a debt consolidation loan. Juggling multiple debts with different lenders can be confusing. Consolidating all of your debts into... Read more
What options should I consider if I want to raise £20,000?
If you need to raise money (we took £20,000 as an example) for projects such as a home improvement, or to purchase a car, for debt consolidation, a wedding or the holiday of a lifetime, there are main ways you can go about it. Depending on your personal circumstances, different options will be more appropriate... Read more
Best places to buy to let in the future
Where are the best places to buy-to-let in the future? While the rules may have got tighter and tax breaks less generous, investing in a buy-to-let property can still provide decent returns. So, if you’re looking to buy an investment property, where should you buy? Lower prices and higher yields in northern cities should mean... Read more
Buy-to-let tax rule: is using a limited company better for tax?
There is a growing preference for limited companies as revised buy-to-let tax (BTL) rules take effect. According to the Financial Times1, the use of limited companies to hold buy-to-let properties is becoming more popular. This is due to changes in tax policy that saw gradual reductions to higher rate income tax rate relief on buy-to-let-mortgage... Read more
Loan.co.uk announces acquisition of Only Bridging
Today, Loan.co.uk announced that they have taken a majority controlling stake of Only Bridging, the second mortgage, bridging, development and commercial finance brokerage. In the past six months, Loan.co.uk has opened additional offices in Northern Ireland and Cardiff and this now takes them to 4 regional offices across the UK. They have two more acquisitions in... Read more
Loan.co.uk opens regional operations branch in Cardiff, Wales
Today Loan.co.uk announced further expansion with the official opening of another regional operations branch in Wales. The specialist broker operating in the second mortgage, bridging and commercial lending markets has opened in the Cardiff Bay area, to ensure the provision of local support for intermediary partners in Wales and the West Midlands. Paul McGerrigan, CEO... Read more
Loan.co.uk opens Northern Ireland branch
Loan.co.uk have today announced the official opening of their Northern Ireland branch. The experienced team in Belfast will service second mortgage, bridging and commercial loan markets for Northern Irish customers and brokers, as well as mainland based businesses. CEO Paul McGerrigan said, “We had identified a lack of service for brokers and lenders in N.I... Read more