Secured Loans
Fast Secured Loans for Homeowners
A secured loan is any loan that is secured upon your property and usually takes the form of a 2nd charge. We are able to find you a loan from a lender which best suits your personal circumstances. Loans are available from 3 to 25 years. Secured loans can vary between £5,000 and £250,000.Loans of up to 90% of the property value are possible.
I need to reduce my monthly outgoings
Self Certification unable to prove income.
Would I be better off re-mortgaging?
Am I restricted in what I can use the money for?
As far as income multiples are concerned, these vary from lender to lender. The amount you can borrow will depend on your existing commitments, such as your current mortgage and any other ongoing debt such as credit cards.
If you have an existing mortgage you may feel that you would rather take a secured loan (2nd Charge) rather that re-mortgage away from your existing lender. This may be because you have a very competitive interest rate or have a substantial ‘early repayment charge’ (ERC) which may mean the cost of re-mortgaging could be excessive.
If you have a poor credit history with defaults or county court judgements (CCJs) we still have lots of lenders who are happy to lend to you even if you have missed mortgage payments or have had an (Individual Voluntary Arrangement) (IVA).
I need to reduce my monthly outgoings
Not a problem. We should be able to raise sufficient monies to pay off any other loans and credit card commitments and hopefully cut your monthly outgoings at the same time .
Self Certification – unable to prove income
If you are self employed many of our lenders will not ask for evidence of your income and will allow you to self certify your income. Even for employed applicants some of our lenders have very high income multiples which may allow you to borrow more than you might think.
Would I be better off re-mortgaging
This depends entirely on your personal circumstances and whether your existing mortgage has heavy early repayment charges (ERCs) or if you have a competitive interest rate which may not be available elsewhere.
Am I restricted in what I can use the money for
No. You can use the cash for any legal purpose , perhaps a new car, a holiday or home improvements.
No Idea what your Property is worth?
Just input your post code and you will get a good idea of house prices in your area.
If you would like to discuss the options available to you just ring the number at the top of the page OR complete the short enquiry form below and we will get straight back to you.
YOUR HOME MAY BE REPOSSESSED IF YOU FAIL TO KEEP UP REPAYMENTS ON YOUR MORTGAGE
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME