These facilities more resemble traditional loans in that they can be either Interest Only or Principal & Interest, have variable as well as fixed rates and come with a re-draw facility and other bank-like features.

Normally these loans have a higher loan to value ratio (80%) than solicitor’s funds (2/3rds/66.6%) but often have credit checks associated with them and if re-financing you must usually be required to show you have conducted the previous loan in a satisfactory manner. Fuss Free Finance prefers not to deal with the many low-doc lenders who will lend up to 95% of valuation even if the applicant is credit impaired, in arrears, unemployed or on a pension etc. as these lenders usually have very high fees and interest rates.

Fuss Free Finance instead has sourced what we believe to be a number of good low-doc lenders who do not charge high fees or high rates. This way applicants enjoy the benefits of low rates and fees, many bank type features and facilities all without needing to jump through hoops – most applications being approved within 24 hours of receiving your application.

So, if you do have a clean record you can borrow more, with more features and facilities - still without the necessity of proving income - truly fuss free finance!