What is a secured loan?

1 December 2008
A secured loan is a loan that is secured against something valuable - in most cases, a house or flat. This means there`s less risk for the lender, and that means secured loans tend to come with lower interest rates than unsecured loans. It also means lenders are likely to lend people greater amounts than they would if the loan wasn`t secured.... read more »

What is an unsecured loan?

13 January 2009
An unsecured loan is a loan that isn’t secured against something valuable (like a house or flat). So, from the lender’s perspective, it’s riskier than a secured loan. That means they’ll probably charge more interest than they would for a secured loan, and they’re more likely to restrict the maximum loan amount.... read more »

Secured loans & the base rate cuts

19 January 2009
Why aren`t secured loans coming down in price? As the Bank of England cuts its base rate again and again, many would-be borrowers are asking why lenders aren`t passing these cuts on to borrowers in the form of cheaper - and more readily available - secured loans.... read more »

Can I get a loan if I own a home?

17 April 2009
If you`re looking for a loan, owning a home can make a big difference. Why? When you ask a lender about getting a loan, they obviously want to be sure you`re going to pay it back!... read more »

Secured debt consolidation vs. unsecured

16 October 2009
For some people, a debt consolidation loan can be a highly effective way of making their debt more manageable and reducing their monthly outgoings.... read more »

Secured loans for debt consolidation

17 February 2009
In today`s credit markets, secured loans can be a particularly effective way of consolidating debts. It`s true that loans of all kinds have become harder to access in the last 18 months, but most lenders are still prepared to offer loans to people who can offer equity (see below) in their home as collateral, as long as they can afford the repayments.... read more »

Secured Loans & the Special Liquidity Scheme

23 September 2008
Credit, from mortgages and secured loans to unsecured loans and credit cards, has become, in general, harder to obtain and more expensive since the credit crunch began.... read more »