Why take out a Secured Loan?

 

It can be easier to get a loan on a secured basis if you have a bad credit history. Past problems such as arrears or county court judgements (CCJ's) are less of a problem with a secured loan.

When you are looking for finance, it is advisable to compare the interest payments you will be charged (the APR - Annual Percentage Rate) from several lenders as this will help you to determine how competitive they are.

In general, the more you borrow, the lower the interest rate will be.

If you are offered a 'fixed' interest rate, it means your payments will remain the same throughout the term of your secured loan, regardless of any rises or falls in the bank's base interest rate. Knowing your monthly payments are going to remain the same can help with your budgeting.

If the secured loan has a 'variable' interest rate your monthly payments may alter with any changes to the bank's base interest rate.


Ensure that before you take out any secured loan that you know what your monthly payments will be, for how long, whether they are fixed or variable and how much you will pay back in total.

 

Use our fast service to find the best APR. Poor credit history, self-employed or self-cert? We can help you find a secured loan in nearly all cases.

Fast, Confidential and no-obligation quotes from top UK lenders.

Poor credit history, CCJ's. Self Cert or Self Employed are welcome to apply.

Enquire with confidence - We are a UK based broker.

 

Our lenders can find what's right for your needs. Apart from competitive APR's (annual percentage rate), our lenders also have options available which can include:

The option to overpay either regularly or as a lump sum. This can substantially reduce both the term and the total amount you repay.

Self certification - where the lender won't require proof of your income.

Payment holidays where you can take up to a three month break from making your repayments

What is the difference between a secured and an unsecured loan?

When choosing the right finance you need to be aware of the differences between the many options offered, and which will suit your circumstances the best.
Do you need a large or small loan over a short or long repayment period? Which loan suits a homeowner, or somebody with a bad credit history?
The choices become much easier when you know the differences.

 

Secured Loan

This is secured on your property by the lender. This means that the lender has little risk of losing any money and so can offer a lower APR (Annual Percentage Rate) than would usually be available with an unsecured loan. In the case of a good credit history, our lenders can often offer secured loans in excess of the equity available in the property (up to 125%)

It is also easier to get a loan on a secured basis if you have an adverse credit history. Past problems such as arrears or county court judgements (CCJ's) can be discounted to an extent.

In all cases with secured loans you should be aware that your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

If you've had credit problems in the past or can't prove your income this could be the ideal solution to your loan requirements. Simply fill in the free enquiry form at the top of this page to find out more.

 

Unsecured Loan

An unsecured loan can cost more in repayments but does not carry the risks of a secured loan. If you don't repay it, the lender can't take your house off you. For this reason, it can be difficult to get unsecured loans if you've had problems in the past with late or missed repayments on loans or credit cards.

BUT! - We specialise in helping users who may have experienced credit problems in the past so don't worry about asking us about an unsecured loan - our sympathetic lenders can often help where others may fail!

Information on this site must not be construed as legal or financial advice on specific matters. All information is a public resource of general information, which is intended, be accurate, complete and up to date but is not guaranteed to be so. Your use of information on the Web Site or materials linked from the Web Site is at your own risk

 

How to apply.

You can apply on-line click here.

You can apply on the phone by calling one of our branches below

Or you can visit one of our branches in person.

 

 

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOURS HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

 

Information on this site must not be construed as legal or financial advice on specific matters. All information is a public resource of general information, which is intended, be accurate, complete and up to date but is not guaranteed to be so. Your use of information on the Web Site or materials linked from the Web Site is at your own risk

  Secured Loan

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