Central Trust has over 30 years of experience providing loans secured against homes. These loans allow their customers to use their property as security against the amount they borrow, giving them access to the money they need in the case that other lenders may have turned them down.
Central bank looks at every application sent to them on an individual basis and ensure that they understand the applicant’s situation. This allows them to be more flexible in approving loans than other loan companies.
Central Trust provides secured loans for homeowners from £3,000 up to £25,000 over three to 25 years.
In order to secure a loan, it is essential that the customer is a homeowner or mortgage holder with enough equity in the property to be used as security for the loan.
Central Trust’s quick and easy online application form lets the customer send all the initial information needed to begin their application. It only takes a few minutes to complete and Central Trust only requires some very basic information initially.
They will need to know:
- The amount of money that the customer wishes to borrow
- The rough value of the customer’s property
- How much (if anything) there is left to repay on the mortgage
- The customer’s contact details in case Central Trust needs to ask any further questions and to provide the customer’s quote
A representative example of a Secured Loan from Central Trust is a loan of £25,000 payable over five years on a fixed rate of 9.50% would require 60 monthly payments of £546.03. The total amount repayable would be £32,761.80, this includes interest and a product fee of £999.
The overall cost for comparison is 11.8% APRC representative.
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Other Financial Services
As well as Secured Loans, Central Trust also provides a range of other loans. Bad credit is taken into account with every loan and Central Trust’s advisors aim to help their customer’s find a loan that works for them regardless of credit score.
Central Trust offers Homeowner Loans from £3,000 to £250,000 over three to 25 years. For this type of loan, they provide fast turnaround and take in applications from people with all types of credit scores.
This is a good loan to help consolidate existing debts or get additional funds for home improvements.
For this loan, you can either call their loans team directly using the number on their website or apply online with their quick and easy form.
Second Charge Mortgages
Central Trust offers Second Charge Mortgages from £3,000 up to £250,000 over three to 25 years.
A second charge mortgage is a loan that is secured against the equity in your property and are also often referred to as secured loans or homeowner loans.
With a second charge mortgage, the customer would be borrowing a second line of money in addition to their current mortgage. Therefore, the property would have two loans secured against it.
Buy to Let Secured Loans
Central Trust provides buy to let secured mortgages to consumers that wish to rent out a property. This includes people who might have inherited a property or those who decide to move in with a family member or partner and wish to rent out their existing property.
Central Trust’s mortgages range from £5,000 up to £250,000 and are available over three to 25 years.
Central Trust offers consumer buy to let secured loans for accidental or non-professional landlords. The term accidental refers to a landlord who didn’t purchase a property with the intention of renting it out but is now doing so due to a change in circumstances.
These loans have more regulatory protections than a standard buy to let mortgage and so offer additional comfort to accidental landlords.
Applying for a buy to let secured loan is a straightforward process which can be completed online or by calling one of Central Trust’s advisors using the number at the top of this page.
Central Trust offers their customers the opportunity to purchase a second mortgage from £3,000 to £250,000 over three to 25 years.
They are one of the longest established specialist lenders in the UK with thirty years of experience. As a lender, they have no hidden fees or broker charges.
A second mortgage runs alongside your existing mortgage as an additional loan that is secured against your home. It will allow you to borrow money using the equity in your property.
They aim to provide second mortgages to homeowners and mortgages holders as quickly as possible with competitive interest rates. As a direct lender they can provide loans for people that have adverse, poor or even bad credit!
Central Trust Reviews and Ratings
Central Trust has largely good reviews across sites such as Trustpilot and Google Reviews. Although the number of reviews left aren’t as large as some other companies, they have a high percentage of positive reviews left.
Central Trust does have a Facebook page linked to their website, but access to this site is restricted.
They are also active members on Twitter where they do tweet regularly and have 357 followers.
A lot of customer reviews praised the efficiency and professionalism of Central Trust, claiming that their requests and questions were dealt with in a very punctual manner.
They also received a large number of reviews praising the authenticity of the staff and the genuine desire they had to help their customers.
Some customers felt that their customer service wasn’t on the level they expected, but these reviews are very minimal.
Trustpilot – 4.7/5 (Based on 119 reviews)
Google Reviews – 4.6/5 (Based on 121 reviews)
- Up to £250,000 loan available
- One of the longest established lending companies
- Personalised service from advisors
- Competitive interest rates
- Limited amount of loan figures available on website
- Average turnaround is two to three weeks (though Central Trust does claim it can be quicker than this)
If you’re looking to compare offers on secured homeowner loans, then let HouseholdQuotes help you find the best loan available for you!
For more information on home improvement loans, read our guide.