Secured Loans
Our lenders specialise in the
following areas:
- Secured Loans from £5,000
to £500,000
- Market leading rates to
suit all circumstances
- CCJs, Mortgage Arrears &
Defaults are acceptable
- Self-Certification to 100%
LTV available
- Up to 125% LTV available
- Interest-Only, Fixed Rate
and Flexible Loans available
- Average turnaround time 17
days
- No upfront fees payable
Sometimes a further mortgage advance is not
possible either because you don't have enough equity or
you may have experienced credit problems. A
remortgage may be too expensive because of redemption penalties
or a higher interest rate. Also mortgage lenders might not lend above a
certain limit meaning the mortgage can't be placed at
all. At times like these a secured loan also known
as a second charge may be the
quickest, simplest and most cost effective solution for
you.
Secured loans are loans secured on property in much the
same way as a mortgage. Secured loans require no upfront
survey, legal or other fees and can normally be arranged
within a few weeks. Loans are available for any
purpose e.g. debt consolidation, car purchase,
home improvements, holidays, weddings or for any other
legal purpose.
We have special schemes available if you require a self
certification facility that can go up to 100% of the
property value. There are also many schemes
available if you have had credit problems in the past
and you have already been declined for a loan elsewhere.
For those with a good financial track record we can
offer highly competitive rates that are often lower than
you would imagine. A secured loan allows you to
take advantage of preferential interest rates that would
not be available for an un-secured personal loan.
You are also much more likely to be approved for a
secured loan.
The amount that can be borrowed, the term available and
the interest rate will all depend upon the equity in the
property, the lender's view of your ability to
repay the loan and your personal circumstances. For
example any adverse credit may affect the amount that
you can borrow and / or the interest rate available.
Depending upon your circumstances you may be able to
increase your borrowing to 125% of the
property's value.
The amount borrowed is repaid monthly over a term agreed
at the outset, which will usually range between three
years and twenty five years. A penalty may be charged if
a loan is repaid earlier than agreed, each lender's
criteria differs (please ask for further information
with regard to redemption penalties).
For a competitive free no-obligation quote, please
contact us
today and we will get back to
you, so what have you got to lose?
"Secured Loans over £25,000 are not regulated
by the Financial Services Authority."
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