Secured Loans

A secured loan means that you are borrowing money secured against equity that you put forward, which in most cases would be your house. As the lender effectively has the right to obtain their outlay by sale of this equity should repayments not be met, the risk which they are undertaking in lending the money is relatively small. For this reason secured loans tend to have a lower monthly APR( Annual Percentage Rate ), this basically means that the loan is more affordable with lower monthly re-payments, and a lower overall charge.

We of course have a full range of lenders with a whole raft of different plans to suit most circumstances.

Secured Finance

The amount you will be able borrow will typically depend on the following criteria:

1. The value of your house.
2. The amount of the mortgage you have already.
3. Your current outgoings including existing credit.
4. Your household's income.
5. If you have an adverse credit history.

As well as being used to determine how much you will be allowed to borrow, the factors above are also used to decide on what rate of interest you will be offered. Having a good credit history and being financially secured, can mean in some cases that you will get a rate of interest that is lower than the typical APR advertised.

Secured loans are often used by people looking to raise a large amount of money, by releasing the capital that they have in the value of their homes, such amounts could be used for any purpose, such as starting up a business through to structural home improvements.

UK Secured Loans

Smaller loan amounts could be used to clear current debts, such as on credit cards, or it could be used for home improvements, to buy a car or for that special holiday – whatever you need the money for get in contact with us and we can put you on the right path.

Arranging an unsecured loan is a straightforward process, and you can have access to the money that you need in a relatively short space of time, in most cases it's a matter of days.

These types of loan often offer more flexible repayment terms when compared to unsecured loans, allowing things such as deferral of payments for periods of time, and early repayment without penalty, features which are not usually found with unsecured loans.