Borrow at competitive rates without affecting your present mortgage.
Secured loans (often called second-charge loans or home-owner loans) are only available to homeowners.
People use secured loans to finance improvements to the home, or pay for special one-off items like a wedding or home improvements.
This means that a legal charge is taken on your property, in a similar way that your mortgage company has a charge on your home. A ‘charge on your home’ means that if the worst comes to the worst and you can’t pay your mortgage or homeowner loan, a bank can repossess the property
You can borrow between £5000 and £300,000
Payment terms are flexible to suit your needs with rates starting at 4.7% APR.
Secured loans give homeowners a way to borrow at competitive rates without affecting their existing mortgage deal.
Secured loans are a useful way to pay for a wedding or a special holiday or build that conservatory or house extension you have promised yourself
These loans have a variable interest rate (like many mortgage deals) and interest rates can go up as well as down.
Some secured loans may start with a fixed rate, but go onto a variable rate after an introductory period (typically three years). Make sure you study the payment illustrations in your secured-loan agreement carefully.
9.9% APR typical for secured loans.We charge a fee for arranging secured loans of between 10-15% of the sum borrowed. A typical fee is £1500. We do not offer debt management services