Adios - This must be something that HSBC Oxford do exclusively. Im an Accountant at the mo running a finance department for 2 companies with a combined turnover of £15 million. So if my employment record doesnt get me 25k unsecured then obviously not alot more will!
But as you say, they will give you a much higher interest rate for the privelage and to be honest if 45k out of 70k is secured then it doesnt make alot of difference. My parents said form the start that whilst they dont like the idea of securing against their house, they would prefer the whole amount to be secured if it gets a noticeably better interest rate.
As you say, this is bringing to light some interesting points. Although whilst I don't wish to seem touchy, it does sound like Cabair is being spoken about as second best to OAT here. Adios is slighty biased towards OAT and likewise myself with Cabair.
CS
