Secured Loans

What is a secured loan?

A secured loan is a loan where your property is used as a security to lenders that the loan will be repaid on time.

Secured loans usually have a lower interest rate or APR associated with them but usually take slightly longer to process.

Who can apply for a secured loan?

If you are over eighteen years old and are a property owner you can apply for a secured loan.

 

How much can I borrow?

You can borrow between £5000 and £250,000 however, the amount you can borrow will depend on how much equity there is in your property.

 

I have a bad credit history, can I still apply?

Yes, a bad credit history does not usually affect a decision on a secured loan as your property is offered as security to the lenders that your property will be paid on time. Take care to keep up with payments as your home could be at risk of repossession by the lenders. Our relationship with many lenders ensures that you will have access to a wide range of secured loan plans.