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Secured Loans

View secured loan rates online in 60 seconds - over 600 products available.


We offer fixed, tracker and variable rates.

Comparing rates won't affect your credit score.

We can often help you when the high street banks can't (criteria applies).

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Loans are secured - your home may be repossessed if you do not keep up repayments.

Rates from 3.34% fixed for 5 years
Representative APRC 7.7%

Representative Example: Based on borrowing £64,500 over 25 years with 60 monthly repayments of £454.66 followed by 240 monthly payments of £483.97. Annual Interest Rate 6.38% fixed for five years, then variable. Representative APRC 7.7%, total amount repayable (if loan kept for full term) £143,527.40. Includes a broker fee of £2,995, and lender fees of £595.
Loans are secured against property - Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
We are a loan broker Authorised and Regulated by the Financial Conduct Authority.
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Secured loans | Homeowner loans


Homeowners can borrow up to £500,000 with terms available up to 30 years.

If you are looking to borrow money to consolidate some existing debt, fund a home improvement project, finance a major purchase or a combination of the above, a Secured Loan could be the solution you need.

Rates start at 3.34% and fixed rates are available.

Secured Loans, also known as homeowner loans, are loans secured against your property, which means lenders see you as less risk, may charge lower rates than a personal loan and have a higher acceptance rate.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay

secured finance with house keys

What are secured loans?


Secured loans are a way of borrowing money that use a property as security against the amount you borrow. This means that if you can’t repay the loan, the lender can repossess the property instead.

Using your home as security against a loan may help you get a lower interest rate, or may help you overcome an adverse credit history, but it puts your home at risk of repossession if you can’t afford to repay the money. Many lenders will do their very best to find alternative solutions if you find yourself in financial difficulty and are struggling to make your repayments, but it is important to make sure that you are aware of the risks before committing.

This type of finance works in a similar way to a mortgage – if you cannot repay the money you borrow to buy your house, your mortgage company can repossess it. As a result, these loans are also known as “second mortgages”. We work with a wide range of lenders offering a variety of different repayment terms, and each one may assess your application differently. Regardless of the benefits, it is important to make certain that you are able to repay whichever loan you choose, as the lender may repossess your home if you cannot do so.

loans for business and construction

Secured loan for business


If you have a company or small business that needs to raise some capital, a secured loan could be a great option.

Our business loans work in pretty much the same way as our non-business loans. The amount of money you borrow is secured using your home or another property you own. They can be used to cover a tax bill or to raise the funds for any other commercial cost.

Loans for business purposes are not regulated by the Financial Conduct Authority.

percentage sign showing secured loan rates

Secured loan rates


The interest rate of your loan will depend on many factors including the amount of money you borrow, the repayment period and your credit history. The lower the rate of interest, the less you will have to repay in total.

It is essential to make sure that you can afford to repay any money that you borrow, especially if you use your home as security. Finding a loan with a low interest rate can help you keep your monthly repayments low and make the loan more affordable. Repaying your loan over a longer period of time may also help reduce your monthly costs, however this is also likely to increase the amount that you repay in total as you will be incurring interest for a longer period.

We work with a wide variety of lenders that offer loans ranging from £10,000 up to £500,000 and repayment periods from 3 to 30 years. Our quick and easy rates comparison tool can gave you an indication of the interest rates you may be able to get, but the exact rate you receive may vary depending on your circumstances. We would always recommend making certain that the loan is right for you before committing, and always ensure that you can afford the monthly payments.

lending amounts

Why opt for a secured loan?


Here at The Loans Engine, we do not offer Personal Loans to our customers but the most you can normally borrow with this type of loan is £25,000 – you don’t have this restriction with a Secured Loan.

Maybe you have already applied for, and been refused, a personal loan. These loans we arrange are not just based on a credit score, therefore there is a higher probability of acceptance for a loan.

You may be considering a Remortgage to raise finance but have been told you will lose your current low mortgage rate or have to pay a high Early Repayment Charge – with this finance option we will leave your mortgage undisturbed.

You have applied to your mortgage company for a Further Advance but been told NO due to your credit score or the type of income you receive – we can find a product for most credit profiles and income types.

comparison of rates with house and percent sign

How do I compare rates?


For a free, no obligation quote you can:

Call us on FREE on 0800 032 4646 or compare products online now.

Don't forget – making an enquiry will not affect your credit rating in any way!

Get a quote >>>

Representative Example: Based on borrowing £34,500 over 25 years with 60 monthly repayments of £454.66 followed by 240 monthly payments of £483.97. Annual Interest Rate 6.38% fixed for five years, then variable. Representative APRC 7.7%, total amount repayable £143,527.40. Includes a broker fee of £2,995, and lender fees of £595.

Frequently Asked Questions - Secured Loans


What is a Secured Loan?

Secured Loans, also known as a Homeowner Loan or Second Charge Mortgage, is a loan secured against your property. The loan can be used for any legal purpose and are commonly used for consolidating existing credit or funding home improvement projects.

Will you compare Secured Loans for me?

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.

Why would I opt for a Secured Loan?

When a Personal Loan or Further Advance on your mortgage cannot offer you the amount and/or term you require OR you have been refused based on your credit score.

When you pay a low rate on your mortgage and you would lose it by re-mortgaging OR you would have to pay high redemption penalties.

How can I apply and what will happen?

The easiest way to apply is to call us Free on 0800 032 4646 and speak to one of our UK based team of advisors.

They will ask you a few questions to understand whether a secured loan is suitable option for you; if it is they will then explain the rest of the process to you.

If you want to get an idea of what rates may be available you can compare on-line using our quick enquiry form.

How much can I borrow?

Secured Loans are available up to £500,000 but the amount you can borrow will be limited by what you can afford and of equity available in your property.

What can I use a secured loan for?

You can use your loan for any legal purpose.

The most common uses of this type of finance is to consolidate debts, fund home improvements, finance a major purchase like a second home or pay for a wedding.

If you are considering a secured loan to consolidate debt, you should remember it may take you longer to repay your credit and you may end up paying more in total as a result.

How long will it take for my loan to complete?

We can complete some loans as quickly as 5 working days after receiving documents, most applications complete within 4 weeks. It all depends on the complexity of the application

Impact of Coronavirus - In these unprecedented times, lenders are currently taking an understandably thorough approach to underwriting applications therefore it may take a little longer as usual to complete your clients application but we will work as hard as ever to complete as quickly as possible.

Will my Credit Score be affected if I apply?

On your initial enquiry a ‘soft search’ is carried out to help us assess your application and offer you an affordable and suitable Secured Loan. You will be able to see this footprint on your credit file but it will not be visible to other lenders.

It is only when you confirm to us that you want to proceed and return a signed application form, that we will then perform a full credit search on behalf of the lender.

Can I apply for a secured loan if I do not have a perfect credit history?

Yes, we have products for most credit profiles.

If you have missed payments on loans or credit cards or have CCJs or defaults, we may be able to help you.

The APRC you are eligible for depends on your individual circumstances, lenders may charge a higher rate of interest if you have a poor credit history.

Can I apply if I am self-employed?

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

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

What information will you need from me?

For a Secured Loan you will need to confirm, sign and return a detailed application form with supporting documentation to ensure you can afford the monthly loan payments i.e. proof of income.

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

What is a reflection period?

When the lender has approved your application they will issue you with a formal secured loan offer.

You will be given 7 days to reflect on whether this loan offer is right for you and that you want to proceed with the application.

You don't have to wait the full 7 days before confirming you want to accept the loan offer but we will ensure that you have this time, should you need it.

Can I repay my secured loan early?

Yes of course.

One of the questions we will ask, when comparing loans for you, is whether you are considering redeeming the loan early. If you indicate that are considering we will advise you of any impact or cost this may have. We will make sure you have all the information you need to consider whether a secured loan is right for you.

If you do decide to settle a loan early you will need to contact your lender and ask for a redemption or settlement statement. This will show you exactly how much you need to pay to clear your loan.

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