Secured Loans

We have a team of fully qualified and trained advisors who will complete a fact find, source and recommend a product to you based on your needs. They will compare all available products from across the market that are suitable and affordable.

We can complete some applications as quickly as 5 working days after receiving all documents. However, other applications may take up to 4 weeks. It all depends on the complexity of the application.

Read our blog on how long does it take to get a secured loan for more details. 

Yes, we have products for most credit profiles. So, if you have missed payments, CCJs or defaults on your file, we may be able to help you.

However, the APRC you are eligible for depends on your individual circumstances. Lenders may charge a higher rate of interest if you have a bad or poor credit history.

Yes, but you will need to have been self-employed for at least 2 years.

To prove that you can afford this option, we would need you to provide either an accountant’s certificate or SA302 / tax calculations from the Inland Revenue.

Interest rates may be higher and there may be fewer options, as some lenders may consider it to be more risky.

Find out more in our blog 'can you get a secured loan if you’re self-employed?'. 

Usually, we will need documents like bank statements, proof of address and photo ID. You will also need to confirm, sign and return a detailed application form.

As lenders have different requirements, one of our advisors will discuss this in more detail with you during your initial conversation with us.

If you don’t meet your monthly repayments, your lender is legally allowed to repossess the property you used as security.

However, most lenders will do their best to help you avoid this situation. Therefore, if you are having difficulties, it is important to speak to your lender as soon as possible, so they can try to help you. In some cases, they may be able to arrange repayment plans or even a repayment holiday.

As well as your property being at risk, it can also harm your credit score. 

There are several benefits and risks that come with borrowing against your home. Some of the benefits can include:

• You can borrow a larger amount of money compared to some other finance solutions.
• Lenders are often more relaxed with their criteria, so you may have a better chance of being accepted.
• Repayments can be spread over longer terms, which may be more suitable for you.

However, there are also some risks that should be considered. These are:

• If you do not make your repayments, your house could be at risk of repossession.
• There is a chance that you could harm your credit score if you do not keep up with your repayments.
• Spreading repayments over a longer term could increase the amount of interest you have to pay overall.

Typically, these solutions are for homeowners only. The way this option works is that they take a property that you own as "security" or "collateral". It doesn’t matter if the property is a residential home or a buy to let; there are options for both types. However, if you're using a rental property, you'll need to get a buy to let secured loan, as the requirements may differ, and there could be different lenders to choose from.

There may be some providers who are willing to accept other assets. However, most lenders will need a property.

Ensuring timely and complete payments is essential to successfully manage your loan. This will prevent the risk of you losing your home and will ensure your credit score is not negatively impacted. 

Unfortunately, it is unlikely that your lender would write off the loan. However, if you are having problems meeting repayments they may be able to support you and come up with an alternative repayment plan.