Secured Loans FAQs
Secured loans, also known as homeowner loans, are loans secured against your property. Secured loans are ideal if you want to borrow a large amount of money and are usually used to consolidate existing credit or to make home improvements.
Because your property is provided as collateral for the loan, loan providers see you as less of a risk. However, your home could be at risk if you are unable to repay the loan.
You need to be a homeowner with an existing mortgage. Your mortgage is the first charge on your property, and a secured loan is a second charge.
Secured loan amounts are available from around £10,000 to £500,000 but if you have a request that is outside this range, we may still be able to help on a referral basis. Please contact us and we will do our best to help you.
It can vary from loan to loan but from the day you call us, we aim to complete your loan in just two weeks and we will always keep you informed throughout the process.