Lending Expert is an online credit broker that combines professional independent advice with powerful financial comparison tools. Our aim is to help our customers and web visitors to quickly find the best financial products on the market backed up with regulated advisors who can offer personal one-to-one advice.
Established in 2010 the business has served thousands of customers and focusses on the second charge loan market and buy-to-let landlord financing. The website also offers product comparison and how to guides on a wide range of personal finance such as insurance, personal loans, bank accounts, credit cards and investments.
Their expert brokers and advisors offer loans and finance solutions from £5,000 to £10,000,000 for a wide range of various reasons including raising money for business purposes, buy to let property, debt consolidation and making home improvements. Homeowner Loans are available up to 100% loan-to-value with additional security or a guarantor being provided.
Use the comparison tools to search and compare thousands of products online or pick up the phone to speak with an expert advisor on 0161 820 8099 for no obligation advice.
Lendingexpert.co.uk is regulated by the Financial Conduct Authority no: 660914 and also registered as a data controller & for data protection with the Information Commissioners Office No: ZA018282.
If you wish to raise finance against an existing property and are self-employed then you may find a secured loan provides an ideal solutions. Secured loans that are also referred as homeowner loans or second charge mortgages allow homeowners to take out additional funding secured against their home without the need to re-mortgage or change their existing mortgage arrangements.
Online credit brokers Lending Expert can help find self-employed loan deals from across a wide range of second charge lenders and have access to exclusive deals @ 95% MAX LTV. Secured loans can be arranged against residential homes and non-regulated buy to let property investments.
What proof of income is required?
If you’re self-employed or a company director and wish to raise finance against your home then you will need to evidence your income by way of a SA302 documents from HMRC or your latest business accounts. How much evidence you will need to provide will vary from lender to lender so please enquire and our brokers will help you to understand fully what is required from each lender to proceed with an application.
Can I get a secured loan without proof of income?
Yes but only if you wish to take out a secured loan against a buy to let property (non-regulated). We have a specialist lender on our panel where evidence of the AST alone is sufficient and there is no requirement to show evidence of the rental income or any personal income. If you are unsure if this applies to your circumstances then please contact us to clarify.
What type of properties can loans be secured against?
Properties in England, Wales and Scotland
Holiday and student lets
Buy to let loans on both a first and second charge basis
Non-standard construction homes
Semi commercial property including flats above shops and maisonettes
Lower value properties accepted that fall below minimum lending requirements of mainstream mortgage provider
Applicants over the age of 18, and 21 with some lenders
Those in receipt of benefits or pensions are considered
Pensioners and retired over the age of 65, 70 and older are considered
Self-employed applicants with credit issues such as bad credit history, CCJ’s past defaults and bankruptcy
Self-employed contractor workers, directors and small business owners
Landlords who own multiple buy to let properties, unemployed or who cannot show proof of income
Limited company applications accepted
Applicants with no mortgage history
How much can I borrow?
How much you can borrow will depend on how much equity you have in your home, affordability and your income status. Loans can be arranged up to 100% loan to value for some customers and finance can be arranged from £10,000 to £2.5 Million with repayment terms from 3 – 30 years across various lenders.
Key features for specialist self-employed buy to let secured loans
Rental income alone is adequate proof of income
Landlords and small business owners who are newly self-employed and have less than 2 years of accounts
Applicants who have a family member willing to provide a 25% gifted deposit
Ex pat landlords
Lendingexpert.co.uk offer self-employed secured loans and second charge mortgages from £10,000 to £10,000,000 for a wide range of reasons including raising money for business purposes, buy to let property, debt consolidation and making home improvements. Loans can be arranged quickly for any legal reason.
Contact us for a quote online or pick up the phone to speak with a CeMap qualified advisor on 0161 820 8099 for no obligation advice.