Secured Loans for Homeowners
A quick way to raise a loan
is to release capital locked within your property without the need for a lengthy re-mortgage. Over the past 15 years house prices have steadily increased which has resulted in homeowner loans
becoming more popular.
A Secured Loan does not affect your mortgage and you have the option of taking it over any period from 5 to 30 years. You can therefore pay it back quickly or keep it running for the same time as your mortgage and treat it as an extension to your current mortgage payments.
Generally Secured Loans will have cheaper interest rates than unsecured loans
due to the security that the lender has on lending the loan. You are also more likely to be approved a Secured Loan than an Unsecured Loan as the criteria is normally a lot less strict and you can borrow a lot more with a Secured Loan. Unsecured Loans generally allow you to borrow up to £25,000 but with a Secured Loan you could potentially borrow up to £250,000.
Fill in a fast loan application and let us find a loan for you today