Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders
Commercial Mortgages – Up to 82% LTV (100% in specific cases) Rates starting at 1.90% + BR Terms up to 30 years with Interest Only Options
Bridging and Short-term Finance – Short-term from 0.42% pcm (min 24 months) – Bridging Rates available from 0.43% pcm – Available for Auction Purchases

Regulation and Compliance

Regulation of secured loans

Regulation of secured loans has changed significantly for the better over the last 5 years and is now under the FCA’s guidance.  The major factor to note for any mortgage adviser or IFA is that the FCA now state when looking for a financial solution for your client that all avenues must be explored and fully documented in order to adhere to current regulatory ruling.  This includes quotes for a secured loans and retaining documented evidence of such activities.

In order for our Introducers to comply with these requirements we provide both a quote and a ‘reason why’ letter for their file.  We also take responsibility for the advice on which each secured loan product is given, and also compliance requirement within the process.

Compliance is our number one priority for secured loans., every call is recorded for compliance and security purposes and each member of our secured loans team receives ongoing training and monitoring in accordance with FCA guidelines.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

If you are thinking of consolidating existing borrowing you should be aware that you are extending the terms of the debt and increasing the total amount you repay.

Rates from 7.8% APR variable up to 27.9% APR variable, the Actual APR you are eligible for depends on your individual circumstances. A broker fee of up to 15% of the amount borrowed may be payable.

 Omega Secured Loans is a trading style of Omega Financial Services Limited.

Omega Financial Services Limited is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

Omega Financial Services Ltd is a company registered in England and Wales with company No. 5211089.

Registered office:  Suite 3, Middlesex House, Rutherford Close, Stevenage SG1 2EF

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    ADDRESS

    63739 street lorem ipsum City, Country

    PHONE

    +12 (0) 345 678 9

    EMAIL

    info@company.com