"Explained things in concise clear language. Easy manner - no pressure - created environment to make a decision."
Mr & Mrs M., Leeds, West Yorkshire
The UK Finance House Base Rate (FHBR) is the rate laid out by the Finance and Leasing Association (FLA) for the benefit of its finance house members to enable them to calculate interest charges to its customers, especially on flexible contracts that are geared to reflect changes in the cost of money.
Here we take a closer look at the UK Finance House Base Rate and the Finance and Leasing Association and provide details of how we can help with raising finance.
Table of Contents:
So as we've discussed, the Finance House Base Rate (or FHBR for short) is the rate set out by the Finance and Leasing Association (FLA).
The Finance House Base Rate is established for the benefit of the Finance and Leasing Association finance house members in order that they can calculate interest charges to their customers - particularly with regards to flexible contracts that are geared to reflect changes in the cost of money.
The majority of contracts using the Finance House Base Rate will be found in industry for the purchase of:
The Finance and Leasing Association calculates the Finance House Base Rate on the last Friday of each month, which, unlike the Bank Base Rate (BBR) is set to a specific formula and not arbitrarily amended. With flexible contracts, the rate is expressed as x% over the Finance House Base Rate.
As we've discussed above, the Finance House Base Rate is usually used within commerce and industry for the purchase of plant and machinery, office and computer equipment, and for the financing of commercial vehicles.
Because Shire Direct is an all-purpose financial intermediary, we will consider raising finance from a variety of sources. By doing so, we can often provide funding that traditional sources may not consider. These include:
So, why not give one of our professionally qualified Mortgage advisors a call on Freephone 08000 282 281 to discuss the options that may be open to you, and to get a rapid in-principle decision. Our lines are open from 8am-10pm everyday including Saturdays and Sundays. You can also enquire online at any time if you prefer, it's quick and easy!
We are of the firm belief that you will find our service to be friendly, professional and helpful. We will carefully assess your circumstances together with your requirements and aspirations and aim to arrive at the most appropriate solution for you.
So, please don't hesitate to contact us if you would like to discuss your requirements, you'll be glad you did!
We hope we've been able to provide you with further insight in to the Finance House Base Rate and the Finance and Leasing Association. If you're looking for further help and information regarding Mortgages and Loans, why not take a few moments out to explore our site and at the same time explore some of the options that may be available to you. Our site is jam-packed full of pages that we hope you will find useful and informative, and remember we're just a free phone call away!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.
