Home
Adverse Credit Mortgages
Debt Advice
Self Certification
Mortgage Calculator
Mortgage Enquiry
Overseas Mortgages
Mortgage Protection
Life Insurance/Critical Illness
Secured Loans
Bridging Finance
Commercial Funding
Frequently Asked Questions
Links
Tell a Friend
Terms & Conditions
Privacy
Site Map
Contact Us

SECURED LOANS

A secured loan represents an alternative to a remortgage in a variety of circumstances.

Perhaps your current mortgage would be liable to heavy redemption penalties if you were to remortgage immediately – a secured loan allows your present mortgage to remain in place whilst borrowing the sum you require from another lender who takes a ‘second charge’ on your property as security for the advance.

Maybe you have tried for a further advance or remortgage but cannot raise the amount you need because of either insufficient equity or insufficient income.  Secured loans are assessed on affordability modules rather than just income multiples and therefore you may well qualify for the amount you wish to raise via a secured loan rather than a remortgage.  Some lenders will even lend up to 125% of your property’s value (subject to status).

Another scenario could be that although your current mortgage is not subject to redemption penalties, your circumstances have now changed (maybe your credit history is not as good as it was when you took on your present mortgage, or perhaps you have recently become self-employed or are unable to prove your income etc).  Therefore perhaps you would not qualify for a remortgage at the same competitive rate as you are currently enjoying.  By keeping your existing mortgage with your current lender and taking a secured loan you could be better off than by remortgaging to a sub-prime lender.

You could be considering raising money for a holiday, new car, wedding, school fees etc and do not want to pay for this over a long period of time – perhaps preferring a 5 to 10 year term as being more appropriate.

Secured loans are also available without proof of income in many cases.  Please either phone us for details or  fill in our secured loan enquiry form.

Secured Loan Enquiry

If you prefer to submit this information on a secure page please click here

The Financial Services Authority does not regulate Secured Loans.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.