Caboodle Finance

edited 30 November -1 at 1:00AM in Loans
3 replies 1.3K views
HeimRollerHeimRoller Forumite
2.5K Posts
Home Insurance Hacker!
edited 30 November -1 at 1:00AM in Loans
Does anyone know anything about them?
Wasnt sure whether to put this in here or in a mortgage forum.

Basically my wife and I took out a mortgage to move house, price was agreed in Feb, mortgage in March, purchase took place in August. First mortgage payment in September! Mortgage is 95% of purchase price.

Anyway, the crux is, we have done a lot of work and the house price has risen from £530,000 at time of agreement to over £600,000 now (estimate - to be verified by estate agent, one we trust due to personal connections). So we would like to take out more money to pay for kitchen, bathroom and consolidate credit cards.

Just had an email from Caboodle. Was wondering whether to give them a try (will obviously speak to mortgage company first) and wondered if anyway knew anything about them.

Thank you in advance

Replies

  • I would avoid any company that gets their business through spam.

    Also, they are not a lender, they are a broker and they will charge you a 1% fee (min £495) for finding you a loan.
  • Why do people even entertain reading a spam email?

    It's for this reason we will never be shot of spam.

    From Caboodle (seriously??)

    homepage statement
    We do not charge any upfront fees for any of our services.
    In the T&C's
    FEES AND CHARGES
    We will charge you a fee for our services and to cover our costs
    Loans
    We are a finance broker. We will refer your application to
    those lenders who seem likely to be able to offer you a loan which
    matches your personal circumstances
  • bigadajbigadaj Forumite
    11.5K Posts
    Ninth Anniversary 10,000 Posts Name Dropper
    ✭✭✭✭✭
    I thought this sort of thing stopped five years ago, using houses as cash machines is so noughties.
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