What is refinance?
Refinance is when we review your current finance agreement on your car or asset and re-structure the loan.
Why consider refinancing?
Over the last 18 months, we have seen a demand for restructuring loans to reduce monthly outgoings and or consolidating multiple agreements.
What can I refinance?
We can refinance any tangible asset such as cars, machinery, lifestyle products, jewellery and art.
When is a good time to refinance my asset?
There is no specific time to refinance your agreement unless your personal circumstances have changed and you are reviewing your current finances. The result may mean a better interest rate and lower monthly payments – so it is worth discussing with us.
Will my interest rates be lower?
Typically with refinancing, interest rates may have changed so we will search the market for competitive terms.
Can I refinance the balloon payment on my current agreement?
Yes you can, the balloon payment which is due to be paid at the end of your loan agreement may be able to be refinanced over a further period of time.
What are my options?
You can call one of the team on 01869 351512 to talk about refinancing, loan consolidation and equity release.