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Secured Loans

Homeowner loans, are often referred to as a secured loan, this is because your property is used as security. Secured loans means you can borrow a significant amount of money and spread the repayments over a long period, resulting in keeping your monthly payments low, unlike an Unsecured loan.

If your finances are overstretched, a fast low cost homeowner secured loan could help you clear your debts and get your finances back on track. You can borrow any amount ranging from £3,000 to £250,000 by spreading your repayments over 5 to 25 years. Rates start at just 6.5% APR. A secured loan can be used for any reason ranging from clearing all your debts with a consolidation secured loan, or paying for some home improvements, or simply taking the family on a well deserved holiday.

A secured loan is usually offered at lower APR’s than unsecured loans, this is because the lender is being offered ‘security’, normally your home. You can manage secured loans far easier by spreading the payments over 30 years and reducing your monthly payments. It’s important that you know what the APR is you are paying. The APR can often double if the minimum amount is not taken out.

There are specialist lenders that cater for people with a bad credit history. These lenders often charge a higher APR on their secured loans.