Picture Financial offers secured loans to homeowners with a mortgage. Each Picture loan customer is allocated a loan consultant – a single point of contact throughout the loan term – to make the loan process simpler and less time-consuming.
If you’re a homeowner, you could take out a Picture loan for between £10,000 and £100,000 (Picture loan values increase in £500 increments). Your repayment terms can be anything from 10 to 25 years, and you can borrow up to 125% of your home’s value, less any outstanding mortgage balance. There are no arrangement or valuation fees and no legal expenses to cover when you set up the loan.
A homeowner loan usually takes longer than an unsecured loan to arrange, so a Picture loan typically takes 14 to 21 days from the initial application to the release of funds. Don’t forget that a Picture loan is secured on the value of your house – failure to keep up with repayments can result in your home being repossessed.
