Located in Tamworth, Staffordshire, Great Britain, Ocean Finance & Mortgages is a lender of home loans, mortgages, and remortgages. Founded in 1991, the company employed 300 specialists with a portfolio of loans worth close to 60 million pounds.

Ocean Finance Organisation

Ocean Finance & Mortgage was purchased by American International Group (AIG) in November of 2006. They still conduct business under the same name in the United Kingdom and have helped over 250,000 individuals over the last fifteen years. The services are offered without obligation and they claim to help people in all financial situations and under all circumstances. They are both a lender and a broker.

Ocean Financing

Mortgage loans are offered from £3,000 to £100,000 depending on the individual borrower’s income and amount of equity within the property. Ocean Finance will attempt to help people with less than perfect credit to meet their needs as they shop out of many other providers of loans to find one that will work in just about any situation. Payment protection is offered to protect borrowers if their financial circumstances change, such as loss of employment, sickness, or anything else that prevents them from making their payment.

Ocean Finance loans can be used for anything the borrower wishes. All loan applications with Ocean Finance & Mortgage are confidential. Loans up to £25,000 are eligible for a rebate if paid off early. Quotes are given over the phone if additional loans are requested and if you move, the loan may be eligible to transfer to your new place of residence.

Loan terms are from 3 to 25 years depending on the amount borrowed. The current variable interest rate is 13.8% APR, but could go as low as 8.9% APR and as high as 24.9% APR. There are also fixed rates available for the loan. Borrowers are advised to speak with a representative of Ocean Finance & Mortgage for additional information or use the online mortgage calculator that can be found on the website. Remortgage loans are also available for qualifying borrowers. These can be used to help renovate rental properties. It takes up to four weeks for all loans to be reviewed and approved.

Ocean Finance Loan Applications

All loans can be applied for online via Ocean Finance & Mortgage’s website. Prospective borrowers are under no obligation for a quote. There may be a small fee that is charged on brokerage loans and the company is paid on commission from the final lending company that is chosen to make the loan. Any questions can be directed to a specialist and it is advised that borrowers let the company know if there any changes in status.

Whether your credit is good or bad, or you are looking for a loan to consolidate bills, Ocean Finance & Mortgage, a subsidiary of American International Group, may be able to help you secure the loan you need with a repayment plan that will not strap you. You can use the various tools Ocean offers on its website to help you make a decision whether or not it is advisable or feasible for you to borrow money. If you need clarification it is advisable to speak with an Independent Financial Advisor before you make a decision that may affect your financial life.