• Promise Solutions leading master brokers
• Second Charge Loans
• Small Business Loans
• Home Improvement Loans
• Unsecured Home Owner Loan
• Bridging Loan & Short Term Loans
• Larger Loans
• Homeowner Loans

Promise is not a lender and is not just a broker,Promise is a Master Broker,when you apply to Promise, you are applying to one of most trusted names in the loans industry.

Promise loans are part of Promise Solutions Ltd which is the UK's leading provider of loans and specialist finance to mortgage advisors,independent financial advisors and their clients.

The general public can get loans direct from Promise which means they can pay less.

This means other brokers come to us when they need a financial solution for their clients

Why Promise?

Over 25 years experience arranging loans for people just like you.Trusted by the major mortgage networks and mortgage clubs to look after their clients.The widest panel of lenders of any broker in the UK.More choice so you get the rates you deserve or the loan you need when others would say no.

The latest and best technology to find the right loan for you fast –we built a system which is so good we even licence it to our competitors

Expertise in loans, bridging, commercial finance so you get help an advice you didn't even know you needed.

Call us now on 0800 066 3248

With it's award winning sourcing technology, Promise Solutions has become the number one choice for intermediaries seeking a loan for their clients.

Consumers can bypass the intermediary, reduce the costs involved and apply to Promise Loans direct via our website.
or you can Call us now on 0800 066 3248

Promise is a nationwide specialist providing loans between £1000 & £1,000,000. All circumstances are considered and we give you common sense help when you need it. We have the most advanced loan sourcing system in the UK but our people are even more impressive and our greatest asset.

What is a secured loan?

Whilst a loan can be secured against an asset, such as a car, the term secured loan normally refers to a loan secured against bricks and mortar. Secured loans are also often referred to as a second charge loan or a secured homeowner loan. This is because they work in a similar way to a mortgage. A mortgage is secured to your property because a charge (a notice rather than a monetary charge) is registered at the land registry which tells anyone that you have used your property as security for borrowing. This is known as a first charge.

A secured loan works in a similar way to your mortgage but has secondary priority behind your first charge mortgage, hence the phrase second charge.

Therefore you must be a homeowner although you do not necessarily need to live in it yourself. When you sell your house you need to pay off your mortgage. Likewise, you need to pay off or second charge or, if the lender will allow it, transfer the charge to a new property.

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Promise is a nationwide specialist providing business loans

When it comes to commercial and business finance there is no standard template and no magic formula. Every application is different and the key is to make sure we understand what you want to achieve.
Typically our clients fall in to two camps
Those who are looking for a better rate or their current bank simply doesn't want their business any longer.
Those who the banks have turned away but they still have a good project which needs funding
In five minutes we can get a good picture of what you are trying to achieve and either offer a solution ourselves or point you in the right direction. This is specialist stuff which shouldn't be rushed so we will give you a specialist to talk to and find the right solution for you. Call Promise today
Below is an idea of some of the things we can consider
Business Loans
Business Finance
Non Status
Business Types
Asset Finance
Cash Flow Finance
Commercial
Self certification commercial mortgages
Commercial remortgages
Buy to let mortgages
Bridging loans for commercial mortgages
Business Mortgages
Property Development
Bridging Loans
Bars
Bed & Breakfast
Factory Units
Farms
Golf Courses
Hotels
Leisure Centres
Night Clubs
Nursing Homes
Offices
Public Houses
Restaurants
Shops
Remember – you are much more likely to be offered favourable terms for secured loans on property

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Promise is a nationwide award winning specialist in debt solutions. Our loans have no upfront fees and we can offer many additional debt services.

A debt consolidation loan means taking out a new loan taken out to pay off existing debts. By doing so, you can make managing your finances simpler and reduce your monthly outgoings.

When you've got several debt repayments going to several lenders every month it can be difficult to budget. But a debt consolidation loan could make things simpler by rolling your debts into one lower manageable monthly payment.

Call us now on 0800 066 3248

Promise is a nationwide specialist providing Home Improvement loans between £1000 & £1,000,000

A loan through the home improvement company

Provided the builder/supplier and their chosen lender are reputable this can be a good option. The money goes straight to the builder supplier so there is no opportunity for you to raise spare cash. However, if you have a problem with the quality of the work, you could threaten to with hold repayments and the lender will put pressure on the builder supplier to remedy the problem.

Only large and well run home improvement companies have lending facilities such as this due to the supplier and lender both being tied into the agreement. It is called a debtor creditor supplier agreement (DCS) and the lender can lose money if the supplier supplies a poor / faulty service. Therefore the lender will want any problems sorting so they get paid. The supplier will have an added incentive to put matters right as they wont want to lose the facility with the lender.

Watch out for higher interest rates. Also, if the money comes straight to you (rather than to the supplier) it probably falls outside the DCS rules so you will lose your protection. This is normally because the company you are buying from is not big enough to obtain a DCS facility or you failed to meet the DCS lenders requirements and an alternative lender has been used.

Call us now on 0800 066 3248

Promise is a nationwide specialist providing Home Owner Loans between £1000 & £1,000,000

Unsecured loans from a high street lender

Home owners will sometimes find it easier than tenants to obtain an unsecured loan. This is often due to the credit scoring nature of most high street lenders. The problem is that the computer, more often than not, says “No" Promise can provide you access to a number of high street unsecured lenders but if you don't have an impeccable credit history you should beware.

Applying to many high street lenders will result in you having multiple credits search's made against you which makes it harder to get accepted each time you apply.

If you are declined by a high street lender you are likely to be passed to another company which can cause further credit search's and create unsolicited calls.

If you are declined or think you are likley to be declined, speak to us immediately
Unsecured loans for property deposit

If you need to raise a loan as a deposit on a property purchase, we have a product specifically designed for this purpose.

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Sometimes our clients need money fast to finish off a job. It could be home improvements or something related to their business such as securing a profitable opportunity or paying of a tax bill. They might not be able to borrow from their mortgage company or get an unsecured loan because the property is in a mess or they just don't qualify. They might not even be able to afford the repayments of a new loan right now. What they do know is that if they could get the cash it will repay them in the short term -This is where a bridging loan or short term asset loan can help.

Bridging loans are normally secured on property (including commercial property and land) and often the interest payments can be rolled in to the loan so there are no repayments. Asset loans can be secured on cars, boats, valuable furniture, jewelry, paintings etc. There are no affordability checks or credit checks. Neither is it the cheapest form of borrowing but can yield fast results for those who can't obtain the finance they need through a conventional source yet need short term cash to plug a gap.
Business Funds: your business needs short term working capital
Auctions: purchasing property at an auction
Temporary cash flow problems: when you require cash urgently
Tax Liabilities: finance those unexpected tax payments
Property Development: for building residential, commercial and industrial units
Land Purchase: with or without planning permission
Property Refurbishment: upgrade your residential or business premises
Buy-to-let: don't miss out on an investment opportunity

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Promise is a nationwide specialist providing large loans. £30000 loan, £40000 loan, £50000 loan

We use the latest sourcing tools and 25 years experience to help you decide whats right for you.When borrowing slightly larger loans amounts, unsecured loans are not readily available. However we do offer a specific unsecured loan which allows 100% borrowings for deposit on a new home. It is therefore usual to offer some form of collateral or security for the loan. Larger loans tend to be secured loans on property, land, commercial property or, with certain loans, on valuable items such as cars, boats, antiques, art or jewelry.

We regularly arrange loans in excess of £100000 secured on property and have arranged a £1 million loan secured on an art collection valued at over £5 million.

Secured loans are still available to home owners even if they had some adverse credit. Self employed applicants can borrow even if they don't have fully prepared accounts and loans can be used for personal and business purposes. Interest only loans are also available and we can lend to retired applicants and use pension income, benefits and non earned income such as rental income to support the loan.

Call us now on 0800 066 3248

Promise is a nationwide award winning specialist in debt solutions. Our loans have no upfront fees and we can offer many additional debt services.

Borrowing more – careful you don't make matters worse
If you have bad credit, borrowing more is not normally a good idea unless the purpose of that borrowing is to improve their financial position in some way. Such as reducing debt or making the payments on existing debt more manageable. However those insistent on borrowing more will not normally be able to do so with a mortgage or an unsecured loan from a high street lender.

Their options are therefore limited to a secured loan (assuming they are homeowners) or an unsecured loan. A secured loan will be much cheaper than the unsecured option.

The downside of the secured option is that the borrower's home will be at risk if they don't make the payments. The down side of the unsecured option is the rates can be very high and the repayment terms very short so affordability can become a problem which ends in a spiral of debt – borrowing more to repay the previous loan. In both cases borrowers should be cautious and think if borrowing is going to help their long term position or make it worse.

The person who borrows more to go on holiday but can't afford their existing commitments

The person who borrows to buy a new car ( just because they fancy a change) rather than tries to pay off their existing debt

The person who takes an expensive new loan to make the repayments on other credit. Unless there is some very good news just around the corner ( usually a pile of cash) this strategy is just delaying the inevitable which will be an even bigger problem as a result of the extra borrowing.

Borrowing more – use the money to improve your position

The means by which the money is obtained doesn't differ greatly from the examples above – secured lending is generally much much cheaper and larger loan amounts can be obtained. The difference is that the prudent borrower uses the loan to make them money, save them money or improve their cash flow.

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If you are a home owner wishing to borrow, you are in a great position. Many lenders offer preferential terms to homeowners, and because you own bricks and mortar, you may also be able to take advantage of some of the great secured loan deals available. There are even preferable lenders and products dependent on where you live.

Your personal credit circumstances and the loan amount you need may dictate what type of loan you apply for. For example, if you are looking for a small loan and have an A1 credit history, one of our high street unsecured loans may suit you.

Many homeowners, especially when borrowing larger amounts, choose to secure the loan on their property. Known as a secured loan or a 2nd Charge loan, this enables them to borrow larger amounts and spread the repayments over a longer term to make the loan more affordable. However the main advantage of a secured loan is that the lender is able to be more flexible and accept poor credit history's or clients who may struggle to borrow on an unsecured basis.

Some home owners have little equity in their properties so an unsecured can be a preferred route. However, if a high street unsecured loan is not available, perhaps due to a poor credit history, there are secured loan lenders which will lend up to 125% of the property value. This can be far cheaper and easier to obtain than an unsecured loan which accepts bad credit.

Secured Loans can be used for virtually any legal purpose and are available for amounts between £1000 and £3 million. The most common loan uses are to consolidate existing debts and have one lower payment, home improvements or other consumer purchases. Short term secured loans can also be used to raise fast cash for business purposes or to help with the purchase of a new property.

Call us now on 0800 066 3248

Whether you need a loan to finance home improvements, consolidate debts or simply buy something special, Promise have got something to suit you

Whether you need a loan to finance home improvements, consolidate debts or simply buy something special, Promise have got something to suit you