Hi All, Firstly thanks to everybody for contributing on the forums and raising concerns they have on issues surrounding loans. However, there are a few points and pieces of incorrect information that has been posted on this thread which I hope to now clear up. Firstly, the MONEYSUPERMARKET Exclusive is THE CHEAPEST SECURED HOMEOWNER LOANS IN ...

Hi James, That's to qualify for the 6.1%. I'm sorry about this - I should've made it clearer. Will see if I can update the info now, and apologies for any confusion/hassle caused. Tim

Hi, Great post first of all. The main over-riding factor is your LTV. It has to be less than 50% - what's yours? Thanks Tim

Hi, First of all, a great post and a very pertinent question. The only problem is, that a lender will not give you a loan for the purpose of stamp duty. so you have 2 options: 1. Get a creditcard and use the cheques they give you to pay the stamp - normally at a high APR so not great, but if your parents are going o give you the money, it will ...

Hi Susie, You do not look like an IVA case that's for sure. If this is the only debt that you have issue with, we need to just get this sorted. There is no way that your loan can have balooned to such an extent over a short time period. Please can you tell me who the loan is with and what the APR was that you signed up to. How long ago did you ...

Hi Usha, If the prime unsecured lenders are saying 'no', you really have 3 options: 1. Go to a near prime/sub prime unsecured loans broker such as UCC - you may end up with a rate higher than you already have though. 2. Remortgage and pay your debts off - This could cause an ERC (Early Redemption Charge) and you will end up paying more for the ...

Hi Tim, Adding it to your mortgage will definitely definitely end up costing you more. Although the APR may look attractive, due to the 'term' of 35 years, you will end up paying a fortune back. Either have a look on this site, or contact your own bank. If you can afford the repayments, something like a £5k loan should be repayed over 3 years. ...

Hi Andy, As you will be the principle on the Loan agreement, most of the credit rating will go on you - although it obviously does strengethen things if your parents are guarantors. Unfortunately the loans companies are right on this one - if you want to benefit from a decent rate (sub 15% APR), the agreement will have to be in the name of ...

Hi Usha, What companies have you tried? All unsecured loans companies? Tim

I'm struggling to add anything other than Fiamold has offered. You have been what's called in the industry ''Rate For Risk''. A&L believe there is a slight risk to lending you the money, so to mitigate their losses, they increase the APR. And as Fiamold says, it might not be that you have poor credit, it might be that you don't have ...