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Secured Loans

We will help find you the best products for your circumstances.


Looking to borrow money which gives you the freedom to start your plans?

We can help you get a loan that's right for you.

Compare rates online, then get expert advice finding the best deal for your needs.

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

Rates from 3.95% (fixed for 5 years)Representative APRC 6.3%

Representative Example: Based on borrowing £30,990 over 16 years with 60 monthly repayments of £218.00 followed by 132 monthly payments of £233.64. Annual Interest Rate 3.95% fixed for 5 years, then variable. Representative APRC 6.3%, total amount repayable £42,600.59. Includes a broker fee of £2,995, and lender fee of £995.

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  • Loans from £3k to £500k
  • Solutions for most credit profiles
  • Most income types accepted
  • Platinum rated on Feefo reviews
  • No hidden costs or charges
  • Over 100,000 customers helped
  • Search without impacting your credit score
Secured Loans
Representative Example: Based on borrowing £30,990 over 16 years with 60 monthly repayments of £218.00 followed by 132 monthly payments of £233.64. Annual Interest Rate 3.95% fixed for 5 years, then variable. Representative APRC 6.3%, total amount repayable £42,600.59. Includes a broker fee of £2,995, and lender fee of £995.
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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What is a secured loan?


A secured loan is a form of borrowing, which uses a property you own as security.

Securing a loan against a property gives lenders reassurance that the loans will be repaid. This can make lenders feel more comfortable about approving your loan, even if you are a higher risk.

With this type of loan, lenders may also offer you a larger amount and be able to get you a better interest rate, than if you were applying for an unsecured loan. Using your home as security may also help you overcome issues with your credit profile, but it’s important to remember that your home may be at risk if you do not repay the loan, so it is essential that you make sure that you can comfortably afford the repayments each month.

secured finance with house keys

What can a secured loan be used for?


You can use a secured loan for any purpose you choose. Popular reasons include debt consolidation, home improvements or other large purchases.

This means that there’s a great amount of flexibility that comes with getting this type of finance.

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.

If you’re thinking of getting this type of loan, then we have a team of qualified advisors who are experienced in finding secured loans for customers just like you.

Our aim is always to find you an affordable product, which suits your needs and gives you the freedom to start your plans.

Rates start from as little as 3.95%, with terms available from 3 to 30 years, so there is likely to be a solution that meets your criteria.

stack of coins

Is a secured loan right for me?


It depends on your circumstances – they can be a great choice for a lot of people, but it is important to consider the potential risks.

If you wish to borrow a larger amount of money, or repay over a longer repayment period, a secured loan may be ideal. Using your home as security could also help you access better rates of interest.

Everyone’s situation is different, and secured loans can be a great choice for many people. But they require you to use your home (or other property you own) as security, so if you think there is a risk that you will be unable to repay the loan, it may be worth considering other options.

There are certain situations when this type of funding is particularly effective, which includes:

  • When you’ve been declined for other types of finance – Providers of unsecured loans are less inclined to lend money to people who are a higher risk, such as those with bad credit. This can mean there is a higher chance of you being declined for unsecured finance if you have complex circumstances. So, if you have been declined for other funding options you may find it easier to get accepted for a secured loan, as lenders are usually more flexible.
  • You have high re-mortgage rates or will incur fees – If you were thinking of re-mortgaging your property to get extra funds, but the interest rates are high or you will incur early redemption charges, then it could be worth thinking about a secured loan instead.

As a UK based broker, our team are always on hand to talk through your options if you’re unsure if these loans are the right fit for you.

phone to call for secured loan rates

How do you apply for a secured loan?


Applying for a secured loan is simple. You can either apply online or by phone, whichever is your preference.

An overview of our application process is below to help you understand what you need to do:

  1. Before you actually apply for a loan you need to consider how much you can afford and therefore how much you should borrow.
  2. Once you’ve determined your loan size, it would be good to think about how long you want your repayments to go on for. Whether you want to spread these out or have a shorter term, we have solutions available for both.
  3. The next step is when you get an idea of what you are eligible for. You will need to call a member of our experienced team on 0800 032 4646 to talk through your requirements or enter your details in our quick calculator above and we will call you.
  4. At this stage, our advisors will try to find you a suitable and affordable solution from our range of over 600 products.
  5. When we’ve found your loan, one of our friendly professionals will contact you to discuss the details of the product.
  6. The final say is yours. If you’re happy with the loan, you can proceed to the last few stages of your application and get your funds. However, if you’re not happy we may be able to find you an alternative option.

With over 30 years’ experience in the secured loan market, our team are extremely knowledgeable and will do everything possible to find you a product that will allow you to complete your plans.

equity with secured loans

How much can I borrow with a secured loan?


Using a property as security usually lets you borrow larger amounts of money. The exact amount you can borrow will depend on things such as how much you can comfortably afford to repay, your credit profile and how much equity is in your property.

Our team have over 600 products available with loans ranging from £3,000 up to £500,000. So, there are a number of different options open to you.

calculator borrowing terms secured loans

What are the borrowing terms on a secured loan?


Repayment terms for secured loans vary greatly – they are available with both long and short repayment periods.

Borrowing over a longer period of time may reduce your monthly repayments and make the loan more affordable, however you may pay more interest in total. Shorter repayment periods often mean you repay less interest in total, but the monthly repayments may be higher. It’s essential to make certain that you can comfortably afford the monthly repayments as your home may be at risk if you fail to repay your loan. 

We have options available with terms ranging from 3 to 30 years, giving you the chance to find a repayment period that is manageable and affordable for you and your future plans.

question mark for how does secured loan work

How does a secured loan work?


Secured loans use your home, or another property that you own, as “security” against the amount of money that you borrow.

All loans work in a similar way to each other, where you pay back a certain amount every month, in addition to any interest you have incurred. 

Essentially, you agree with your lender on a loan term and the repayments are spread out over that period. So, every month you will have a set amount to repay, as well as interest, until the term is finished and the loan has been re-paid in full.

If you are in a position where you can repay the loan earlier than the term that you agreed, then you can do this. However, some providers may charge you early repayment fees to do this. Luckily, we have a variety of products available with no early repayment charges.

secured loan rates

What are the differences between a secured and unsecured loan?


The main difference between these loans is that a secured loan takes an asset you own as security, whereas an unsecured loan is not secured against anything. 

With an unsecured loan, an asset is not used as security, which means that if you default on your loan, your lender is not able to repossess an item to recover the costs they had from lending to you. Due to this, the risks are much higher for lenders. To reduce these risks, they may charge higher interest rates and will have much stricter qualifying criteria. Therefore, if you have any bad credit or other complex circumstances, you may find it difficult to get accepted for these loans.

In comparison, a secured loan takes a property you own as security. If you consistently default on your repayments, your lender may repossess the asset. However, this is usually a final resort after other repayment options are explored first. With a secured loan, lenders are usually much more relaxed, which means they may charge lower interest rates and have a higher acceptance rate.

compare secured loans

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!

Frequently Asked Questions - Secured Loans


What are secured loans?

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.

Are secured loans easier to get?

Secured loans can be easier to get, but it depends on your circumstances. You must be a homeowner to qualify for this type of loan as they use the property you own as security, in case you cannot afford your repayments. Therefore, these lenders are usually more relaxed with regards to their qualifying criteria, assessment of affordability and the types of customers that they will accept. This means they may charge lower interest rates and have a higher acceptance rate.

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.

How long can it take to pay off secured loans?

Repayment terms can range anywhere from 3 to 30 years. Therefore, the length of time it can take to repay your loan greatly depends on the term you get.

If you’re interested in reducing monthly outgoings you can spread the repayments out over a longer term, but this will mean it takes you more time to repay the loan and could increase the amount of interest you have to pay overall.

On the other hand, if you want to repay the credit as quickly as possible you can request a shorter term.

These products can therefore be very versatile and can adapt to suit your needs.

What happens if I don’t pay off my secured loan?

Getting this solution means that you will have a loan against your property. If you don’t pay your monthly installments your lender is legally allowed to repossess the property you used as security. 

It’s therefore important to make sure that you meet your monthly repayments. If you are having difficulties making your monthly repayment, it is important to speak to your lender as soon as possible, so they can try to help you.

Avoiding your lender in this situation is not helpful to either party, so it’s best to try and resolve the situation when it arises.

What are the interest rates for secured loans?

Interest rates are dependent on your own personal circumstances and so they can vary on these products.

Usually, the interest rate is calculated based on how much of a risk you are to the lender. If you are considered to be a greater financial risk, you may be charged a higher interest rate. Whereas, you may get a lower interest rate if the risk of lending to you is considered to be lower risk.

What are the benefits of a loan against property?

There are a range of benefits that come with borrowing against your home. These can include:

- You can borrow a larger amount of money compared to unsecured finance solutions

- Lenders are often more relaxed with their criteria, so you may have a better chance of getting accepted if you have bad credit or other complex circumstances

- Repayments can be spread over longer terms which may be more suitable for you and your plans

- These solutions can be used to help you with any legal purpose you can think of.

What are the risks of a loan against property?

Although there are lots of benefits of these solutions, there are also some risks that should be considered before you apply. These are:

- If you don’t make your repayments, your house could be at risk of repossession

- There is a chance that you could harm your credit score if you don’t keep up with your monthly repayments

- Spreading repayments out over a longer term could increase the amount of interest you have to pay overall

Are secured loans for homeowners only?

Typically, these solutions are for homeowners. The way a secured loan works, is that they take a property that you own as a security. This gives lenders an asset they can repossess if you default on your repayments, so it gives them a lot more security.

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

If you’re not a homeowner you could look into getting an unsecured loan, which doesn’t require a property.

Can I borrow against my house?

Yes, you definitely can borrow money against your house. By doing this, you can increase your chance of acceptance and you may be able to borrow a greater amount of money.

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