Got a question?

If you are looking for finance it's understandable to have questions, so we've put together some answers to common questions you might be looking for.

Property Data

The house price information is released once a month by the land registry. The land register is a list of all the house price transactions in England and Wales since 1995.

We enter the latest updates into our property platform and perform calculations going back every year to 1995. We have to do this as the monthly land register updates contains historic entries. We calculate median, mode and geometric mode for months and years on all postcode sectors, towns and regions in England and Wales. We require the postcode to be set correctly and found on the Ordinance survey list of postcodes which gets updated every 3 months.

The ordinance survey and land register offer no guarantees on the accuracy of the information they provide, therefore we cannot provide a guarantee on our calculations. We make every effort to provide accurate calculations on our values.

No, we do not think that the information we have can provide a valuation on any property. We use historic values to provide trends in areas. Please use a trained and certified valuator for valuations.

Pinerock Finance

No, as a broker we help arrange the finance from a lender.

We are an FCA authorised credit broker and are able to arrange the finance for some products but as our range of products is large we sometimes arrange the advice and finance through our partners.

Finance Products

A secured loan, also known as a homeowner loan, is a type of loan that is secured against your property. These loans are usually used to borrow a large amount of money for consolidating existing credit, home improvements, or major purchases. Lenders charge lower rates of interest on secured loans because your property is provided as security. However, your home could be at risk if you are unable to repay the loan.

If you are a homeowner with a mortgage, then you can apply for a secured loan.

The time taken to complete your loan varies depending on your requirements. Typically, we aim to complete your loan within 2-3 weeks after you've confirmed that you want to go ahead. You will be assigned a dedicated Case Manager who will guide you through the process.

A secured loan can be used for almost any purpose.

Because the loan is secured against your property, lenders allow you to take it over a longer period of time compared to unsecured personal loans. Secured loans can be taken for periods between 5 and 30 years. However, the longer you take a loan over, the more you will end up paying back.

APRC stands for Annual Percentage Rate of Charge and is used within financial services to help customers compare the total cost of borrowing between products. The APRC given on a loan includes the whole cost of borrowing, including any charges, upfront fees, etc. It is important to compare one loan carefully against another, considering factors such as the same term and loan amount, as they will affect the APRC significantly.

The "soft search" carried out as part of your initial application has no adverse effect on your credit file. If you decide to take out a loan, we will be required by the lender to make a search visible to other lenders.

A County Court Judgement (CCJ) is issued by a County Court to a person who fails to pay an outstanding debt. An unsettled CCJ will affect an individual's credit rating and may result in them being refused credit. CCJ details remain on a person's credit file for six years.

Loan to Value (LTV) is usually associated with mortgages and is expressed as a percentage. It is the loan amount in relation to the value of the property it is secured against. For example, someone wanting a £90,000 mortgage to purchase a £100,000 house would be borrowing 90% LTV.

A variable rate is an interest rate that can fluctuate in the future and is generally cheaper than a fixed rate. Lenders sometimes link their variable rates to other rates such as the Bank of England Base Rate or LIBOR. Movements in these rates would affect the rate charged on your loan.

A Fixed Rate means the rate of interest, and therefore your repayments, will not change for the period stated or selected. This may be for typically two or three years and is sometimes chosen to help customers budget monthly for the repayments without the worry of it going up. At the end of the fixed rate period chosen, the rate will revert back to a 'Variable Rate', and some changes in repayment amount may occur.

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