Welcome to Happy Brokers
25 November 2020

   
Loan Calculator
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Frequent Questions
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Answers to your loan queries:

Frequently Asked Questions

  • How much can I borrow?

  • This will obviously depend upon your available income and the amount of collateral available within your property. Subject to these factors we can arrange a loan from a minimum of £5000 to a maximum of £250 000.
  • What can I use my loan for?

  • The majority of our customers clear some or all of their existing credit in order to reduce their monthly outgoings. They also tend to raise additional cash to spend as they wish, home improvements, buy a new car, or even take a well deserved holiday. It's your money, so how you spend it is up to you.
  • How quickly can I get my loan?

  • Quicker than you would imagine. Secured Loans usually take about two to three weeks, depending on how quickly you return the items we request to us. The quicker you return any documents required, to us, the quicker you will have your loan. You can help us make it happen quicker.
  • Will I be visited by a salesperson?

  • NO. ALL our loans are arranged speedily through the post unless you specifically request otherwise. The process is simple enough, we have no desire to put you under any undue pressure. If you would prefer to see someone face to face it will be your individual underwriter who would visit.
  • Can I get a loan if I have arrears on my mortgage?

  • YES you can. Having arrears on your mortgage does not prevent you from getting a loan. If you have arrears when your loan completes, all the arrears will be paid directly by the lender from the proceeds of your loan. So when applying, if you want to receive a certain amount of cash in your hand, you must add on the amount you need to clear your arrears.
  • Can I get a loan if I have a bad credit rating?

  • YES you can. Having a bad credit rating does not prevent you from getting a loan. You may be considering clearing some or all of the credit you have (if any) to reduce your monthly credit bills with a single more affordable loan. The majority of our customers do precisely that.
  • Can I fix my loan interest rate?

  • YES you can. Some of our loans offer a five year fixed rate period at the start of the loan term. We will tell you whether you can take a fixed rate on certain plans, then you choose whether it suits your needs. The choice is entirely yours.
  • What happens if I am unable to make my monthly repayments?

  • First and foremost you should contact your lender and notify them of your situation. They would much prefer to know beforehand. If you taken a Payment Protection Plan, you should assess your circumstances and check you are covered. These valuable policies usually cover accident, sickness and unemployment. Your lender will explain the terms of your cover to you, as well as doing everything possible to bring your account back on track.
  • What if I want to move house?

  • Simply pay the outstanding loan balance from the proceeds of the sale or alternatively we may be able to transfer the loan to your new property.
  • What do I need to do to apply?

  • Simply complete and submit the online application form, or telephone us on 01642 766 800. You will receive an in-principle decision within 24 hours.

Our typical variable rate is 17.4% APR. 66% of our customers receive this rate or better. Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on a mortgage or any other debt secured on it. A fee may be charged.

Call Us Now: 01642 766 800


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Happy Brokers is a trading name of P&L Lefevre Limited, a company registered in England and Wales. Registered No. 07039369. Registered Office: 3 Cambridge Street Saltburn By The Sea TS12 1LD.
Authorised and Regulated by the Financial Conduct Authority FCA no 662945.