Secured or Homeowner loans
If you’re a homeowner, a secured loan can be an ideal way to raise money for any purpose, using your home as security. A secured loan usually offers better rates for larger amounts and longer repayment periods than an unsecured loan. However, as your paying for longer a secured loan may increase the amount to be repaid overall.
What are the benefits of a secured loan?
- Secured loans from £3,000 to £100,000
- Get better rates over a longer term
- Quick and simple to arrange
A decision in principle on your secured loan in one free call
Our secured loan specialists will discuss your requirements and provide free advice on the best solution for you. Next, they’ll search for the best option from our panel of lenders, based on your circumstances. As all the paperwork and administration is done on your behalf, you can look forward to a hassle-free loan in the minimum time.
How does my secured loan work?
When you apply for a secured loan, you are borrowing against the equity in your home. That means that your lender has that portion of your home’s worth as a guarantee against you paying the money back.
You can calculate how much equity you have by finding your home’s worth and subtracting the value of any charge (mortgage or other secured loan) there is against it. Don’t worry if this all sounds complicated – our expert advisers can talk you through the process and advise on your best course of action.
The overall cost for comparison is 14.3% APR (typical).
66% of our customers get
this rate or lower