Secured Loans

Homeowner Secured Loans - No problem

We offer low rates for good and poor credit, and lend up to £150k, apply today for a decision within 25 minutes on a homeowner loan. Not everyone who applies for a loan with us will be accepted. But we try our highest to accommodate every applicant, even with poor credit. There are a few requirements we need to formally offer you a secured loan on your property. 1 is that you must show an ability to pay the loan repayments within the time space chosen. You have to be employed (PAYE) or self employed, or have a fixed income, be over 21 and from UK (Limited options for Scotland and Ireland). Each case we appraise on its own individual merit, which is good news for you as we are able to permit applicants from nearly any credit environment, as long as you have enough equity within your asset. The personalised APR charged, and our competence to make virtually immediate decisions, are just 2 reasons why thousands each year choose us when looking for secured loans to finance their next move in life.

Interest Rates on your Secured Loan

The public still think finance companies offer static interest rates on secured loans, and you just have to choose the one that’s seems the cheapest. This is certainly not the case anymore in the 21st century. Things have changed considerably, applicants used to seek out the best looking rate advertised in the local village ot towns high st before applying for what they considered was the best looking choice. However its now very different and rates are now presented on a sliding scale that best suits the risk profile of the borrower. So if you have poor credit and low equity your interest rate will be high (in some cases 29%). But if you have a golden credit background and say 40% equity in your house, you will be offered a much better interest rate on a secured loan (maybe only 7% - 8%) The more risk you pose to a lender the higher your interest rate will be. You will find examples in our calculator info section. This is only a guide but is designed to help you understand the repayment and interest process. A tip: the longer period you borrow money over, the more interest is then added, so you actually find the loan can become increasing more expensive longer term, so be careful.

Secured Loans used for Consolidation

Special Rates for homeowners with any credit history considered you will receive a decision in less than 30 mins, and instant online quotes. These options are some of the many services available to you. Unsecured lending can be very high in interest, and in our current financial climate; it’s easy for people to miss some expensive repayments and fall behind with financial obligations. Securing debt using a property as security can reduce your weekly or monthly outgoing by a long way. We are privileged to have helped so many individuals over the past 8 years like Miss Shelby from York reduced her outgoings by £812 p/m, and Mr Smithons from Bexley reduced his monthly payment by £411. Interest rates are always determined by your own circumstantial risk factor and personal profile. But you will discover cheaper than most high street lenders. Try us today, and obtain a free no commitment quote, and maybe you could benefit from reduced monthly obligations too.

About Secured Loans