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Secured Loans

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

For Secured loans we act as introducers only.

This is a Personal Loan that uses equity in your home for security.

Ordinarily we would recommend that you approach your current mortgage lender for a further advance as the rates charged for further borrowing from a mortgage lender (who has the first legal charge over your property) tend to be lower than that of secured loan providers.

However here are some examples of where a secured loan may be appropriate that you may not have considered.

If you’re a homeowner who is perhaps self-employed, or have had some credit problems in the past or is older than a High Street lender would allow, a secured loan may well be an option.

Or perhaps if your current mortgage is interest-only or your current mortgage deal is one that you don’t want to change, a secured loan could well be the solution for your additional funds requirement.

Our panel of five market-leading firms has been carefully crafted following an extensive research process and has been designed to deliver solutions for our clients requiring advice on secured loans.

We’ve secured favourable terms with all five firms - Brightstar Financial, Positive Lending, Fluent Money, V Loans and Enterprise Finance - ensuring clients receive best advice and value when a second charge loan is the most suitable for their needs. 

You need to be aware that some residential mortgage lenders do not permit second charges to be added, so you need to check with your existing mortgage provider to see if they are acceptable to this or not.

You are able to have the repayment term of this loan over a period equivalent to your main mortgage.

The set up fees attached to secured loan lending are normally a valuation of the property and the legal costs of the setting up of the second charge.