Secured Loans From 4.1% APRC – Homeowners Only

If you’re a homeowner and wish to take out a secured loan against your property then we can help. Loans can be arranged quickly from £5,000 to £250,000 over 3 – 35 years from our approved panel of second charge lenders. Rates start from as low as 4.1% APRC.

(We’ll compare across our panel of lenders to find you the cheapest rates available)

Can I get a loan without proof of income?

In most cases you will need to show the lender adequate proof of income. Proof may be SA 302 documents from HMRC or business accounts. Each lender will have their own requirements and an advisor will be able to advise you on what is required.

Are secured loans available with bad credit problems?

Yes if have credit issues and are a homeowner then you can get a secured loan with bad credit. There is a range of second charge lenders who accept applicants with a poor to fair credit score. Secured loans are payable over the longer term and are suitable for homeowners who wish to borrow larger sums than an unsecured loan will allow. Loans are be used for a wide range of uses including debt consolidation, home improvement and to raise funds on buy to let property.

How much can I borrow for a home improvement loan?

How much you can borrow will depend on a number of factors and your advisor will be able to provide you with an exact quote. Home improvement loans can be arranged from £5,000 – £2,000,000 and be repaid over 3 – 30 years. Secured home improvement loans are for homeowners only and are suitable if you wish to borrow a larger amount against your home over a longer period of time. Loans can be arranged up to 95% loan to value and 100% LTV in some circumstances. Home improvement loans can also be secured against BTL property for landlords who wish to raise additonal funds against their property investments.

Do you offer debt consolidation loans against buy-to-let?

Yes. If you are a landlord and have a buy to let investment then we can arranged secured loans against buy to let property. The loan funds can then be used for any legal purpose such as debt consolidation, home improvement or to buy further BTL properties. Loans can be arranged on both a first and second charge basis from 85% loan to value and can be repaid over the long term.

Do you offer loans to self employed applicants?

Yes. There are plenty of lenders on our panel that offer loans for self employed people. This also includes contractors, company directors and new business owners. Each lender will have their own income proof requirements and our advisors will be able to advise you on what is required as part of the applicant process.

Can I get a debt consolidation loan with bad credit?

Yes. There are a range of lenders who will accept applicants with adverse credit credit issues. This may include CCJ’s, defaults or previous missed payments. Some lenders will also accept applicants who have previously been bankrupt. The advisor will be able to present a range of options and lenders that match your needs and credit rating.

How much can I borrow?

If you need to borrow a large amount of money for example over £20,000 you may wish to consider a secured debt consolidation loan. These types of secured loans are only available to homeowners and can be repaid over the longer term. If you are looking for a smaller amount then a unsecured debt consolidation loan may be a better option. The advisor will be able to assess your needs and present a range of options to you. If you wish to get an idea of how much a loan may cost then take a look at our secured loan calculator to get an idea of costs and monthly repayments.

Can I get a secured loan while self employed?

Yes loans for self employed and contractors are available from all of the lenders within our panel. The income requirements may vary across lenders and we will be able to advise you on what is required to show proof of income requirements.

Can I take out a secured loan on my HMO?

Yes secured loans are available against HMO’s, multi let properties and student lets.

What lenders do you have on your second charge panel?

We cover most of the market place including well known lenders and brands such as Paragon Bank, Together Money, West One Loans, Shawbrook Bank, Masthaven Bank, Prestige Finance, Optimum Credit, United Trust Bank, Norton Finance, Central Trust, Clearly Loans, Step One Finance, Sping Finance, 1st Stop Home Loans, Evolution Money.