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

  • The Office of Fair Trading has announced that they are to conduct a review into the PayDay loan market and the practices of PayDay Loan Lenders. The review will focus on compliance with the Consumer Credit Act and the OFT’s guidance on Irresponsible Lending.

  • Ask 10 people on the High Street where they might best get a personal loan and I’ll wager at least 9 of them will say “The bank”. This is the way it has always been and habits are not easily broken.

  • For the first time in over 2 years a Lender has announced they will lend Secured Loans in Northern Ireland.

  • Whisper it quietly, but there are signs of “green shoots” in the loan market as we head in 2012. Towards the end of last year we saw many Secured loan lenders increase their LTVs and lending volumes markedly picked up from 2010.

  • I have to be a bit careful with the title of this piece because the way the market is going and the way interest rates are forecast to stay so low for so long (at time of writing, the CEBR expects Interest rates to remain unchanged until 2016!) it could well be soon out-dated, However, for now, the title is safe.

  • Lenders are improving their Buy to Let Mortgage Ranges Some important factors that prove the buy to let UK market is on the increase are the great offers from various financial institutions including Woolwich, Yorkshire Building Society and Platform.

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