Skip to main content

Call0800 066 2882

Pegasus Personal Finance

Call0800 066 2882

Spread The Cost

Calculate My Loan

Monthly Payment £0

Total Repayable £0

(8.9% APR illustration)

This does not constitute a quote, rates may vary depending on personal circumstances.

I was thinking of applying to you for a secured homeowner loan as I was recommended by a friend. I was hoping to borrow £30,000 for debt consolidation and wanted to pay back over around 15 years in order to keep the monthly payment sensible. The only thing is we are think of moving in a couple of years time and wanted to know if that is still possible with the loans that you arrange?

Hi Sarah and thanks for your email.

Yes it is still possible to move house as the loan can be transferred to your new home although you will need to speak to the lender and the often charge a fee for this. The second option would be to consolidate the second charge loan into your new mortgage when you move and end up with just one loan. You will also need to consider that any second charge loan could affect the size available to you of your next mortgage if you still need it at this point. So yes it is all possible but when you apply to us we’ll arrange for you to talk to a CEMAP qualified mortgage advisor to give you the best advice. You can apply online or call us on 0800 066 2882 to discuss first if you prefer.

About The Expert

Pegasus Finance is a trading style of The Car Loan Warehouse Limited

The Car Loan Warehouse Limited is authorised and regulated by the Financial Conduct Authority. Our registered FRN is 662397. Registered Company No. 08127935. All finance is subject to status and income. Applicants must be 18 years or over, terms and conditions apply, guarantees and indemnities may be required. The Car Loan Warehouse Limited is a broker, not a lender and can introduce you to a number of finance providers based on your credit rating and we will receive a commission for such introductions. Written quotation on request. Certain exclusions for Northern Ireland residents. Borrowing £8,000 over 48 months with a representative APR of 14.9%, an annual interest rate of 7.7% and a deposit of £0.00. 48 payments of £218.49 per month. Total cost of credit being £2,487.57 and a total amount payable of £10,487.57. Terms available 12-120 months, 5.9%-49%APR. Pegasus Finance do not provide financial advice.

We can introduce you to a limited number of lenders that offer finance products, but we do not offer any advice or recommendations. We do not charge you a fee for our services, but we receive commission from the lenders we introduce you to. The commission we receive is either a fixed fee or a percentage of the amount you borrow but the existence of commission does not affect the amount you will pay under the agreement. The commission we receive varies depending on how you are introduced to us, which lender we place you with, and which finance product you choose. We will pass a proportion of the commission we receive to the motor retailer that introduced you to us. The commission we receive and pay will not affect the amount of interest you pay under your credit agreement, when compared to customers in circumstances similar to you. We will always introduce you to the lender that provides products for your needs, at the interest rate suitable for your credit profile. If you ask us, we will tell you the amount of commission we are paid for introducing you to the finance lender.

Pegasus Finance, Technology House, Station Road, Alton, GU34 2PZ