Secured Loans

Today people need to borrow for numerous reasons, to consolidate debt, complete home improvements or even a holiday. The easiest way is to take out a secured loan on your property as this ensures the loan payments are secured. Unsecured loans are calculated differently over a shorter period of time for a lesser amount and are more expensive.

With a secured loan the amount you can borrow is worked out by calculating how much your property is worth and how much of a mortgage you have. The difference between the two is the equity you have available to borrow.

Secured loans have more attractive interest rates and are arranged quicker. Lenders look more favourably at secured lending as they are always guaranteed to get their money back. Secured loans are looked at as lower risk so if you have an imperfect credit history that will be taken into consideration. Unsecured lenders will not touch people with a bad credit history.

Most of the secured loans we have completed have been used for consolidation. Consolidating all your outstanding credit cards, store cards and loans into one larger loan you are left with a lower monthly payment leaving you with more funds at the end of the month. There is no obligation or credit search without speaking to you first and our service is completely free private and confidential.

If you would like to see what is available in the loan market for you apply with us today by completing our short loan application form.