Which lender?[divider] Your adviser is on hand to talk you through many different lenders and the range of products they offer. However, in some circumstances your choice of lenders may be restricted. Here are some examples:
Some lenders will not lend to you if you have a poor credit history – for example County Court Judgements or where you’ve missed payments on a loan for more than three months (this is called a ‘default’). Those that will lend to you are likely to charge you a higher rate than if you have a good credit history. This type of lending is known as ‘sub-prime’.
The overall cost for comparison is 4.7% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.