Choice Blog

"An investment in knowledge pays the best interest." - Benjamin Franklin.


From personal finance, to funding options, the Choice Blog is full of news, updates, tips and helpful information. Read our latest posts to keep up with the funding options available to consumers and the broader personal lending environment.

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Unsecured Loans

Business is bouncing back, but what’s the cost?

Last post: Feb 14, 2022

Over 1.6 million businesses have taken government backed coronavirus support loans and for most, this would have been to plug a hole and keep bills paid. Many will now be feeling the pinch since repayments have kicked in and are unable to apply for further loan funding for expansion and recovery. If the business is clearly still viable and is able to prove that they have now turned the corner, we may be able to turn to alternative finance options.

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Secured Loans

What do lenders consider when arranging secured loans?

Last post: Sep 20, 2018

Once upon a time, a payslip, a valuation and quick credit search were all that was required to arrange a secured loan (second charge mortgage). Today processes and regulations are, quite rightly, much more stringent.

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Guarantor Loans

How to create a plan that will persuade a guarantor

Last post: Sep 25, 2018

Create a financial plan which shows your prospective guarantor that you’re able to take responsibility for your loan. These helpful tips will help you present your finances in a clear, convincing way.

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Personal Finance

Could the “50/20/30 Rule” save you money?

Last post: Sep 27, 2018

Are you looking to boost your budget and nurture your savings? Committing to a rigid plan can be a helpful way to get serious. The 50/20/30 rule is one popular option which many savers swear by.

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Recent Blog posts

  • So far this year it seems we are only blogging about secured loans and the rest of the market is quiet. Well, that’s not entirely true but it certainly has been a very active start for the year for the secured loan market with many lenders changing and updating criteria to the borrower’s benefit.

  • The new year has barely started but Nemo, the secured loan lender owned by the Principality Building Society that has products aimed at the prime end of the secured loan market, has thrown down the gauntlet with two bold moves in both decreasing its lending rates and increasing the sizes of loans as well as LTVs it is prepared to do.

  • The amount of secured loans written in 2012 has hit a new recent high of £327.1 million. This has been the highest level since the credit crunch and only the 2009 figure of £566 million exceeds it. Totals from January to October alone exceeded the total output for 2011.

  • Though we do work with a professional licensed debt management agency, we’d like to make our clients aware that there are options available out there to assist you with managing your debts that don’t cost. Here’s a quick guide to three of the best.

  • The Government, in the context of a stimulus program called the Business Finance Partnership, has pledged to allocate £1.2 billion in funds towards diversifying the financing options available to small businesses.

  • You would have to be leading a sheltered life not to be aware of the economic crisis in this country with an increasing number of people getting into financial difficulty for a variety of reasons.

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