Responsible Lending

Affordability testing

UK Property Finance is an FCA-authorised and regulated loan provider. This means that we will always act in your best interests whenever you use our services to acquire a financial product. As part of our lending criteria, you will be asked a number of questions regarding your finances, and you will need to provide truthful answers and accurate information about your income and monthly expenditures. This is important because, ultimately, your home will be at risk if you cannot make the repayments as agreed.

Renewals and loan extension policies

If you need extra time to repay your loan, some lenders may be willing to renew your loan. There is usually a charge for this service, and you will need to contact your lender at the earliest opportunity if you find that you do need to reduce the monthly repayment amount. You should also remember that the total amount of interest you owe will be increased if the loan term is extended.

Late payments

Once you have been approved for a loan, it is always important that you let your lender know if there are going to be any problems in terms of not being able to make the expected monthly repayment on time. If you are experiencing any financial difficulties and you are unsure whether you can make a regular payment, then remember that it is always in your best interests to let the lender know beforehand. In some instances, your loan provider may be able to arrange an alternative payment plan, although there may be additional fees and borrowing costs added to the sum borrowed.


Always make sure that you only borrow what you can realistically afford to pay back. Remember, with a secured borrowing product, the lender has every right to repossess your home in order to retrieve their funds, although this will only take place as a last resort. With this in mind, it is always in your best interests to be 100% honest when answering any questions relating to affordability, which will be included as part of the application process. If you miss a repayment without a good reason or on a regular basis, the information will typically be recorded on your credit file, and this could make it very difficult to get a mortgage, loan, or any other borrowing product in the future.