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Secured loans - what they are and how they work
A secured loan is a loan that is secured against the value of your property. Because of this security, you could benefit from better rates, and an increased choice of repayment plans. Also because you repay over a longer period, your monthly repayments could be lower, helping you get back on track with your finances.
Our Promise
We will always offer you the best rate we can possibly find for you based on your circumstances. If you have already recieved a better quote, let us know and we will do everything we can to beat it. With no upfront fees, it costs nothing to find out.
Your Rate.
We approach a wide panel of secured loan lenders on your behalf who offer a variety of different rates ranging from 6.6% APR to 19.9% APR depending on individual circumstances and loan amounts. We will make you aware of your individual rate and repayment amount before you decide to go ahead with your loan. Typical 9.9% APR (variable)
Repayment terms
Your repayment period will depend in the amount you borrow and your personal circumstances. You can also choose between a loan where the rate changes in line with the general level of interest rates or one where you can fix your monthly payments for an initial period of the loan. Don't worry if all this sounds a bit complicated, or you don't know which you want, we will help you to find the most appropriate loan for you.
Early repayment
Protecting your repayments
Each of our lenders offers a range of payment protection plans. Some of the benefits they include are:
Involuntary unemployment cover
Hospitalisation cover
Accident and sickness cover
Disability cover
Risk Statement
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Customers with previous credit problems
We have already helped thousands of customers who have experienced credit problems in the past. So you really don't have to worry if any of the following applies to you:
CCJs - We have loan plans to fit most
situations subject to your ability to repay our loan, and you could
use a secured loan to wipe the slate clean and get yourself back on
track.
Mortgage arrears - Unlike most banks, we do not rely
on rigid computer programmes to asses your application, and therefore
we could still help even if you have fallen behind with mortgage payments
or had problems in the past.
No proof of income - More and more people work for
themselves or are unable to prove their income, as they undertake
contract or season work. But don't worry - we treat each client as
an individual. As long as we are sure you can afford our loan, you
will find that we are much more flexible as we look at your application
on an individual basis.
Customers planning to move house
You can still apply for a Loan, even if you're planning on moving house in the future. When you move you simply have two options:
1. Pay off your loan with the money you get from the sale of your house
OR
2. Transfer your loan to your new property (subject to your chosen lenders terms)
Loan amounts available to you
Loan amounts of £5,000 to £150,000 are available for any purpose, but of course, we judge each applicant on their individual circumstances and ability to repay the loan. For more information call one of our dedicated loan advisors who will be happy to help.
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Loans for any purpose
