Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

Leaving Europe – What will be the Ramifications for Loans Providers?

Leaving Europe – What will be the Ramifications for Loans Providers?

At the time of writing there are 21 days, three hours and 30 minutes to go until the United Kingdom leaves Europe. Yes, we are being specific here at United Kingdom Loans with our countdown to leaving the European Union we think it’s a significant period of time and one which will go down in history for future generations to look back upon. The question is will leave in European Union in 21 days, three hours and 29 minutes have any impact on personal finances people who live within the United Kingdom.

What will happen Post Brexit?

Although we are proud of what we do here at United Kingdom Loans and we have a team of financial experts who can enter into the most complex discussions around the United Kingdom financial economy, we unsurprisingly do not know what is going to happen when the United Kingdom leaves the European Union. Although there are strong arguments for remaining and for leaving the European Union, we believe nobody actually knows what will happen until we leave. It is evident the Government are preparing for a no deal Bexit; Michael Gove has been in charge of the ‘No Deal Department’ since Boris Johnson’s inception as Prime Minister for the United Kingdom, and vast sums of money have been set aside to cover all eventualities and potential crises that are associated with leaving the European Union without a deal.

We’re Changing Nothing!

It goes without saying that United Kingdom Loans will continue to be operational post-Brexit and therefore nothing really will change. We will still continue to offer short-term, quick loans up to £3500 for United Kingdom residents. We haven’t made any preparations for leaving the European Union, nor do we think there is any necessity to change things significantly here within our business model. We are a United Kingdom quick loan service leading up to Brexit, and after Brexit we will continue to be a United Kingdom loans operation, irrespective of deal or no deal.

A word of caution

Unfortunately the impact of leaving the European Union will have a potential catastrophic effect on many businesses who rely upon close ties to Europe in order to trade effectively. We therefore hope that small business owners rely upon trade deals within Europe made the requisite steps to safeguard their businesses and we hope they will be able to continue to operate following the United Kingdom leaving the European Union. So in conclusion, things could be ok, but it could also be absolute chaos…we now have 21 days, three hours and 18 minutes to go until we leave Europe, but hey, who’s counting?

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

 
United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you
provide to Nouveau Finance’s panel of lenders

Representative Example: Amount of credit: £1000 for 12 months at £116.52 per month. Total amount repayable of £1392.63 Interest: £392.63. Interest rate: 79.5% pa (variable). 79.5% APR (variable). Representative Rates from 9.0% APR to 1721% APR – we provide a no obligation quote; your APR will be based on your personal circumstances. Loans between £100 and £5000 over a 3 month to 36-month term.

United Kingdom Loans is not a lender, we provide access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of
Nouveau Finance Limited, registered under FRN 843158. Nouveau Finance are authorised and regulated by the Financial Conduct Authority
under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission
or fee from Nouveau Finance Limited following an introduction through this website.

United Kingdom Loans provides access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel
of lenders.  United Kingdom Loans does not retain applicant data.  All applicants will be subject to credit checks and affordability assessments.
United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when
assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

Please note that United Kingdom Loans are unable to influence any lending decisions or deal with any dispute that you may have directly with any particular lender with whom you may have entered into an agreement with and in the unlikely event that this may occur you should contact the lender directly in respect of any concerns.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at
128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

United Kingdom Loans is a registered trading name of Rhumsaa Finance Limited, which is an Introducer Appointed Representative of Nouveau Finance Limited, registered under FRN 843158.  Nouveau Finance are authorised and regulated by the Financial Conduct Authority under reference number 727348. Nouveau Finance Limited are a credit broker, not a lender.

United Kingdom Loans will not charge you a fee for the introduction to a potential lender however may receive a commission or fee from Nouveau Finance Limited following an introduction through this website.

United Kingdom Loans provides access to a loan matching service. This site will submit the information you provide to Nouveau Finance’s panel of lenders.  United Kingdom Loans does not retain applicant data.  All applicants will be subject to credit checks and affordability assessments. United Kingdom Loans and Nouveau finance will not perform a credit check, lenders to whom you may be referred to will complete a soft search when assessing your eligibility for a loan. If you accept a lender’s offer, they may subsequently perform a hard credit search to register the loan to your credit file.

United Kingdom Loans is registered in England and Wales Company number 11508489  with a registered office located at 128 City Road, London EC1V 2NX Company. 

If you are struggling with debt then you may want to contact Step Change or National Debt line for help and support:

If you are struggling with debt then you may want to contact Step Change National Debt Line or Citizens Advice for help and support:
Step Change , National Debt Line and Citizens Advice

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only.

Footnotes

United Kingdom Loans does not make credit decisions and is not a lender.

Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk