Archives: FAQs

December 22, 2021

Am I eligible if I rent my home?

Unfortunately, we are only able to offer finance plans to homeowners who have equity in their property….

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Will an enquiry affect my credit score?

Your credit score will not be affected by an initial enquiry or by requesting an indicative quote….

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What happens if I can’t afford my repayments?

We cannot accept payment holidays or payment plans and you must contact your lender directly.  Your loan is secured against your property…

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February 22, 2021

Which is better, a Secta Flexiplan or a Secta Advance Plan?

It’s a matter of personal choice – and individual circumstances. The simplest way to assess this is to go to Step 1…

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February 20, 2021

Would it be better to remortgage my property?

For some people, a remortgage can offer a sensible solution, but for many it can be expensive. Our finance plans can sit…

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February 19, 2021

What is a “secured loan”?

A secured loan is a type of loan in which the borrower pledges an asset (often their home) as security for the…

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What is meant by “the equity” in my home?

The equity in your home is the amount of your home that you actually own. For most people, it is the value…

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January 8, 2021

What information will you require?

We will need: Some personal details Your UK bank account details Your home addresses for the last three years The estimated value…

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Can I take a payment holiday during the agreement?

We are currently unable to offer deferred payment facilities or payment holidays….

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Can I make an overpayment?

Yes, Secta Advance Plan allows customers to make overpayments at any time during the term of the agreement….

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