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Quality Logbook Loans in Llanfechell

Enquire Online Today! - 15 Dec 2018

logbook loans Llanfechell

Logbook Loans Llanfechell


Looking for quick cash? Llanfechell logbook loans are for you

Llanfechell logbook loan quotes

Keep driving your car whilst borrowing anything up to £50,000 against the current market value today. If your car is free of all finance arrangements then it’s possible to get your loan agreed and delivered in under 24 hours!

Llanfechell Logbook Loans have become one of the most popular ways to secure a loan without the usual credit-checks and hassles. Have any previous loan applications been refused? If the answer is yes then this might be the loan option you need.

The funds you release for your car can be used on anything... how about clearing some other debts, or putting some money aside for a holiday? The choice is entirely yours to do what you like with the money.

Free no-risk quotes: Why not discover just how much you could borrow against the value of your car with a completely obligation-free quote!

Hassle-free loans: You don’t have to jump through hoops to get yourself a Logbook Loan, even CCJs and arrears can be accepted!

Continue driving: Conveniently you get to keep the keys to your car so you can both borrow money and carry on driving for the loan duration!

Simple online application: It couldn’t be easier (or faster!) to apply online for your no-obligaiton Llanfechell Logbook Loan quote!

Loans for any usage: You can use the money borrowed with a Logbook Loan for any purpose, you aren’t restricted in how you can spend the money.

Loan periods to suit you: Not all loan criteria is the same, so have a chat to a Logbook Loan specialist to decide what might be the best option for you.

Thankfully it’s a simple process applying for Llanfechell Logbook Loans, our application form takes just 60 seconds to complete and that’s all you need to do, we then organise for a loan provider to contact you direct to discuss your lending requirements.

Why not get yourself a free Llanfechell Logbook Loan quote to discover just how much you could borrow today?

logbook loans for older cars

Older Cars and Logbook Loans

Do you have a car older than 8 years? If so you might well have been refused a loan elsewhere as many Llanfechell v5 lenders restrict the age of the car they will lend against. That isn’t the case with our service however, as we base all our lending on the value of the car. So if your car is older than 8 years you can find out how much you could lend by simply entering your registration above.

loans against classic, vintage and prestige cars in Llanfechell

Lending Against Prestigious, Vintage and Classic Vehicles

Enquiring about a loan for a prestigious or vintage/classic car? You could be eligible to borrow against all prestige makes and models including Porsche, Aston Martin and Bentley plus classic car makes such as Morgan or Triumph. If you are in Llanfechell and the owner of one such car then simply get in touch today to see if you could borrow against the current market value.

no credit check Llanfechell logbook loans

No Credit Check Logbook Loans?

Not true unfortunately, however don’t let that put you off! Even though all applicants are credit checked you may find that these loans are more attainable as your car is used as security for the duration of the loan, which is why people can often be accepted when they have been denied more traditional loans. So if you’ve been denied a loan before due to a poor credit score then give a V5 loan a try and find out today.

loans for self employed in Anglesey

Self-Employed? You Could Still Borrow

Most Anglesey lenders want proof of regular income which makes it very difficult for the self-employed in Llanfechell to get a loan of any type. A loan against your car uses your vehicle as security against the loan which reduces the risk to the lender, meaning you may still be eligible if you work for yourself. You will still be required to prove that you can afford the monthly repayments as part of responsible lending requirements. If you’re self-employed apply today!

Llanfechell business v5 loans

Can a Business Get a Loan?

Logbook loans are available for Llanfechell businesses as well as individuals, but it’s important to remember that not all lenders will work with companies. Those that do will likely ask that the car you use as collateral be registered in the enquirer’s name, or if the vehicle is registered in the company name, that the company name matches the name of the enquirer. This is done to minimize risk and prevent identity fraud.

Example Loan Amounts From £400

The table below shows some typical borrowing examples achievable with a V5 loan. The figures are based on a loan of 80% of the current market value of your vehicle. With lending amounts from £400 up to £50,000 most lending requirements are covered:

Value of Car % Loan Loan Total
£500 80% £400
£1000 80% £800
£1500 80% £1200
£2000 80% £1600
£5000 80% £4000
£10000 80% £8000
£20000 80% £16000

Llanfechell Loan Calculator

Slide the car value and loan percentage sliders to see how much you could lend against your car in Anglesey.

7000
80%

£5600

Logbook Lending FAQs

We receive a number of questions regarding Llanfechell logbook loan applications, so for your convenience we have answered as many of the popular questions received below:

So how does a Logbook Loan work?

A loan against your car, or V5 loan is a very straightforward way to lend money, especially for Anglesey residents who have had more traditional loan applications refused. Quite simply, you use your car’s V5 document as security to lend money against the value of your car. Anything up to 80% of the current market value can be borrowed, and repayments can be spread over 12, 18 or 36 months. What’s more, you can continue to drive your vehicle throughout the loan period, and upon completion your V5 document is returned.

On application, what documents will I need?

Many people have questions about the types of documents and information they’ll need to enquire about a loan. Fortunately, the process is simple and requires only a few basic documents. A photo ID, proof of insurance, your logbook, a current MOT, a utility bill, and your bank statement will typically suffice. Bear in mind that different lenders may have different requirements, so make sure you have access to the documents they might request.

What makes a V5 Logbook Loan a good idea?

If you are struggling to get approved for a loan in Anglesey because you have bad credit, you should consider applying for a V5 document loan. With these type of loans, all credit is considered. Whether you’ve bad credit score due to missed payments or such other defaults, it might not matter; so long as you live in Anglesey, own a car or have very little finance you simply need to avail the logbook, and you can obtain a loan quickly.

Can unemployed persons secure a Logbook Loan?

To be eligible for Llanfechell loans against cars, you need to own a vehicle that’s registered in your name (or very nearly own it on finance). A perfect credit history and full employment status are not always a strict requirement, however, you must be able to provide proof that you will be able to make the repayments on your Anglesey loan, without delays. It’s part of a responsible lending culture amongst lenders.

Does credit score affect loan applications?

If you have a poor credit score then you might have already been refused a loan elsewhere. Though disheartening it shouldn’t put you off applying for Llanfechell V5 loans, as using your car as security for the loan often means a more relaxed acceptance level. Your credit history will still be checked, but as long as you live in Anglesey and own the car outright (or with minimal finance left) then you have a good chance of being able to borrow against it’s value.

What if I can’t prove my income?

Those who are self employed or have little/poor credit history in Anglesey can benefit from the V5 loans; they simply need to prove that they are able to make the repayments. As part of responsible lending, it’s important for Llanfechell V5 loan applicants to prove that they have the ability to make timely repayments so as to avoid losing possession of their car. Since different people have different situations, it is important to get in contact to discuss your particular needs.

Who should maintain the car during the loan?

Lenders ask you to provide proof of insurance at the time you enquire for a loan because they want to mitigate their risk in lending by making sure you’re covered in the event something should happen to your collateral while it is still in your possession. Along those same lines, lenders will expect that you have regular MOT checks and that you have your car serviced regularly throughout the loan period. This helps to maintain the car’s value, which is the lenders biggest interest. If for any reason your car’s value should depreciate significantly, you should immediately notify your lender of the circumstances.

Will a Logbook Loan show on a HPI check?

Anglesey lenders are required to register all loans against a car with companies such as HPI, so they should all show up (normally as a ’Bill of Sale’ agreement) on a search. If for any reason you discover a loan on your new car that didn’t show up on a HPI check then their guarantee will reimburse you up to £30,000.

How long do I have to repay?

Your loan can be arranged with three different repayment durations... 12, 18 or 36 months. Your interest is charged monthly, and there are no penalties for settling the loan early which means you can save money on the total amount payable.

Hopefully these should have answered some questions you may have regarding borrowing against your car. If you would like to find out more then simply complete the form on this page to speak direct to an advisor who can answer any questions you may have.