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

  • We’ve seen before how a trend can spread in banking. Just last month we noted that the rise in SVRs from RBS & HBoS could lead to others following suit and, sure enough, before too long we saw Bank of Ireland wade in with a 1.5% SVR rise and others are also due to follow suit soon.

  • Shawbrook bank have today announced that they are dropping the rate on their Secured Loans to 6.9% - this is the lowest rate the market has seen since the credit crunch began and is available on the Platinum Secured Loan products.

  • A new unsecured loan products was launched this week giving Homeowners the option to borrow up to £25,000 at rates from 9.4% - 12.5% APR over periods from 1 to 25 years.

  • Free credit reports now available

  • It’s been flagged for some time now but this weekend it finally happened. Following several months of an increase in LIBORs in the interbank market, the first Lenders have bitten the bullet and passed these increase on to their variable rate customers linked to the Lenders own Standard Variable Rate (SVR).

  • The ECB have just lit the fuse of the UK housing market; but will it end well?

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