Once your Secta Flexiplan is approved you can drawdown funds immediately.
Drawdown additional funds at any time during the first 5 years. You only pay interest on the funds you actually draw.
Subject to meeting the minimum monthly repayments, you can increase or decrease payments at any time without incurring charges.
After the flexible 5 year period, the balance converts into a standard term loan.
Borrow from £25,000
to £1,000,000
Interest rates
from 4.1%
No early repayment
charges
Up to 85% LTV
Terms 5 to 30 years
Fixed or variable rates
Only pay interest
on what you draw
Based on the information entered on the previous step. Please enter how long you would like to pay the repayments over, the mininum term is 5 years with a maximun of 30 years
Enter how much you might want to borrow over the next 5 years.
NB: You only pay interest on the amount you drawdown
Amount you want to drawdown (£)
Year 1
This is the amount of remaining credit based on the facility amount available to you. The amount is adjusted each year depending how much you drawdown annually.
Amount you want to drawdown (£)
You can adjust the amount you drawdown each year by updating the figures below. REMEMBER: interest is only paid on the amount that you drawn down.
Monthly Repayments (£)
This is your estimated monthly repayment based on the total amount you draw down and your repayment term. Please note: the amount will change depending on how much you decide to drawdown each year.
After the flexible 5 year period your monthly payments will continue at £456.70 for the remainder of the term