Blemain Secured Loans Review Updated For 2024
Discover whether Blemain’s loan rates are a fit for you. 100’s of secured finance products & high acceptance rates!
- Special “broker-only lenders” not featured on the comparison sites with great terms
- Intelligent lending technology & no upfront fees
- Great for clearing other loans/credit cards/existing car credit
- We search over 1,700 loans to find the best deal
- High loan-to-value (LTV) with some lenders
- Homeowners could borrow from £8k – £800k
- Keep your existing mortgage with no stress
- We only use soft footprint credit search that won’t damage your credit score
Sympathetic To Past Credit Issues. We Have Lenders That Accept Virtually All Types Of Credit. Prime, Light, & Heavy Adverse All Considered. Pre-Decision In Principle Application Form:
Blemain Finance: Just One Brand That’s Now Part Of Together Money
Heard the name Blemain Finance, tried to look them up and low and behold, there’s just a slight mention at the bottom of TogetherMoney.co.uk that reads “Blemain Finance Limited is authorised and…”
Well, they are. But what you may not know is that Together Money is Blemain Finance. They’re also part of a collection of trading names for the parent company Jerrold Holdings Limited.
Other recognisable names in the portfolio of lenders under Together Money include:
- Auction Finance
- Bridging Finance
- Cheshire Mortgage Corporation
- Lancashire Mortgage Corporation
With all that going on, it’s clear why a unification of all the brand names was a good way forward. That’s Why Together Money is called what it is. The name comes from a consortium of successful brands established for over four decades.
While Blemain Finance secured loans may have disappeared from the surface, the brand’s core values that brought them the success they had (and have) live on through Together Money.
At the time of the brand overhaul, the total pre-tax profits were £70.1M on a loan book value of over £1.4BN. Today, Together Money has a loan book exceeding £2 Billion across their product range, including:
- Secured loans
- Second charge loans
- Personal Loans
- Bridging Finance
- Auction Finance
- Commercial funding, including development finance
A Better Approach To Secured Lending
The one thing Together has maintained since its inception in 1974 is a smarter lending approach. One that’s never relied on technology for decisions that qualified staff should be making. There’s never a computer says no mentality.
Throughout the years, Blemain always maintained a tailored approach to personal lending. It works because it’s different to how most personal finance lenders operate. With much of the loan processing automated.
Generations of homeowners and likely some business owners now will have experienced a lending hand from one of Together Money’s former brands.
One of the later products to be released by Together was their Second Charge mortgage line, offering three distinct advantages:
- It was cheaper for homeowners than a remortgage
This was an excellent solution for every homeowner with an impaired credit rating. If they did have to remortgage, the entire outstanding balance on the home would be subject to a higher interest rate, bringing the total cost of homeownership excessively higher than expected.
When Together Money introduced its second mortgage range, it knew the market gap. Homeowners who’d otherwise be forced into remortgaging at higher interest rates because of blips on their credit file.
The impaired credit second charge mortgage was the solution for many homeowners to free up cash for property improvements, buy a new car, improve their homes, and even expand it.
- It was faster to access the money
Turnaround time was something Together was efficient with; they were offering a second mortgage product and one that had to be a better alternative to a remortgage.
Speed was it. Any regulated product could be approved with funds released in under a month. Sounds like a while. But keep in mind that the average processing time for a remortgage is between two and three months. Their efficient processing could see funds released and in the customer’s bank account within 17 days from application.
- The application process was far simpler
When a customer needed a remortgage, the amount of paperwork required was substantial. Up to 20 pages. With a secured second charge loan from Blemain, paperwork was reduced to as much as a tenth of a remortgage application. Just two forms would be sufficient for the underwriters to review the data and give a decision in principle the next working day.
All in all, Blemain are pioneers of second-charge loans for homeowners with impaired credit ratings. Together Money is the rebranded consortium able to approve various financial products, both regulated consumer financial products and more complex unregulated financial products for commercial purposes and the semi-commercial too.
About Us
1st UK Mortgages are adverse credit specialists and can help you navigate the different lenders, understand the lending criteria and advise on the best financial product, at the best rates, and from which lender. All at no cost to you and without obligation.
What If I Want A Secured Loan And I Have a Bad Credit History?
The important thing with bad credit secured loans is your income and affordability, not your poor payment records.
Cheshire Mortgage Corporation
The Cheshire Mortgage Corporation can be ideal for the purchase of cheap old houses for sale Doncaster.
Related To Blemain Finance Reviews
Some of the lenders below may have a higher loan-to-value option than Blemain has offered.
- Norton Finance Review
- United Trust Bank
- Masthaven Bank
- Debt Consolidation Loans For Bad Credit UK Direct Lender
- Together Money
- Pepper Money
- 1st Stop Loans
- Paragon Bank
- Optimum Credit Review
- Precise
- Spring Finance
How easy is it to get a poor credit homeowner loan in 2024?
If you have good personal income, a 1st UK poor credit homeowner loan could be in your bank within ten days of your completed application.
Are you looking for personal loans for 25000 with low monthly payments?
The main characteristics of a 25k loan are inflexible eligibility criteria, the impact of secured loan arrears, the delays in the property valuation and the evidence of too many credit applications.
Are you looking for 2nd mortgage rates with low monthly repayments?
The main features of rates for a second mortgage are inflexible eligibility criteria, the impact of CCJ’s, the disappointing home valuation and the evidence of gambling on bank statements.
Are you considering a fixed-rate secured loan with no broker fees?
The key features of a fixed rate homeowner loan are subprime credit intolerance, the effect of loan arrears, the 3rd party valuation of the property pledged as collateral and the evidence of too many credit applications.
Are you able to borrow for secured loans no phone call without early repayment penalties?
The main characteristics of a secured loan with no phone call are intolerant eligibility criteria, the effect of secured loan arrears, the 3rd party valuation of the property pledged as collateral and the evidence of too many credit applications.
Are you looking for loans for homeowners with poor credit without an early repayment fee?
The main issues with homeowner secured loans for bad credit are the score from the credit check, the impact of default notices, the delays in the lender’s valuation and the evidence of too many credit applications.
Can you borrow for bad credit-secured loans in the UK with repayment over five years?
The key characteristics of secured loans for bad credit are intolerant eligibility criteria, the effect of secured loan arrears, the delays in the property valuation and the evidence of payday loans on bank statements.