UK Secured Loans
What is a secured loan?
You will be required to use your property as security for the loan so that the lender is able to balance the risk of lending to you. Loan amounts differ from lender to lender and will be based on:
- the value of your property
- your ability to repay the loan
- your personal circumstances
If you default on the loan you risk losing your home. If you are a property investor, Buy to Let properties may be considered suitable security in some circumstances.
Why should I choose a secured loan?
Secured loans generally allow you to borrow more money over longer periods – usually up to 25 years. They can be used for most purposes and as the lender has the benefit of security they can be offered to people who may not be eligible for other loans. Borrowers paying a preferential rate of interest to their current mortgage lender may want to consider a secured loan as an alternative to a remortgage. Borrowers who are self-employed, have recently changed jobs or have previous credit problems may also be considered for a secured loan.
How do I find the best secured loan?
Finding the best secured loan for your situation can be complicated as lenders take lots of factors into consideration. Many providers offer secured loans so trying to compare them all yourself could take a considerable amount of your time. Fortunately, International Mortgage Brokers can do all the work for you with our secured loans comparison service. All you need to do is talk to us about the loan you're looking for and your personal circumstances. The information you give us will remain confidential and secure.
Get your FREE Secured Loan quotation
We have a reputation for providing a service that we are very proud of and which we work hard to maintain so pick up the phone and call us free for a one to one consultation on 01225 701840. If you are calling from an overseas location please dial +44 (0) 1225 701840.
Our office hours are 9am to 6pm every weekday and 10am to 1pm Saturdays.
Call us today on 01225 701840 to discuss your individual requirements |