Secured loan
Secured loans for UK Residents
A secured loan is often referred to as a homeowner loan. They are personal loans that use some form of security for the lender which is in almost all cases your home. Therefore secured loans are only available to those who own a property. It is a charge on your property which is available to you based on the equity that you have built up. Your equity can be calculated by subtracting your mortgage balance (and any other charges that you have on your property) from your property value. If you do not own your own property an unsecured loan would be more suitable for you.
Is a secured loans the right option for you? A loan of this type is especially suited to those who want to borrow a larger amount of money. If you are looking for secured loans for consolidation to pay off existing debts, home improvements, a car or a holiday you can all or contact us using the application form above. Or go direct to a recommended specialist company Moneycall. Moneycall are remortgage and secured loan specialist who offer secured loans from £10,000. The maximum loan amount will be dependant on your individual circumstances. Satisfied Moneycall clients Mr and Mrs Patel consolidated all of their credit cards, store cards and unsecured loans into one £10,000 secured loan saving them a massive £295 a month! Speak to one of our CEMAP qualified advisors today to arrange your low cost secured loans. Our advisors will be able to search the market to find the best deal that is out there for you.
Secured loans are much easier to obtain now than in the past for people with bad credit ratings. secured loans are also much easier to apply for as banks are more open to lending people money where security is offered in cases where the applicant has a poor credit rating. There are now hundreds of different secured loans plans available and therefore the chances of finding the perfect deal for you are very high. A secured loan, is a loan secured upon a property based on the equity available, whilst retaining your existing mortgage and attracts a lower rate of interest than an unsecured loan. A secured loan tends to be more flexible, easier and quicker to process and requires no upfront survey, legal or other fees. A secured loan can also be known as a homeowner loan, secured or second charge loan or mortgage. As a homeowner your loan will be secured on your property by way of a second charge. This does not affect or disturb your existing mortgage.
Secured loans are only available to homeowners as they are secured against your property. We work alongside some of the best UK secured loans lenders to find the best secured loan tailored to your individual needs, whatever the amount, whatever the purpose. A loan of this type is especially suited to those who want to borrow a larger amount of money. This is because secured loans lenders are prepared to lend more due to the fact that homeowners have proven to keep up with loan repayments and are therefore viewed as posing a smaller risk.
If you are looking for a secured loans to buy a new car, to consolidate your existing debts, home improvements, or to book a fabulous holiday you can call or contact us using the application form above.