Select Page

Secured Personal Loans

Home » Mortgages » Other Services » Secured Personal Loans

Secured loans allow homeowners to borrow a large sum of money, usually at better rates than an unsecured option. They are sometimes referred to as ‘homeowner loans’ because most such deals require you to own your home in order to qualify.

If you have equity in the home that you own and occupy and want to borrow upwards of £15,000 then this kind of borrowing could be right for you.
The amount you borrow, the term and interest rate, all depend upon the equity you have in your property, your credit history and your personal circumstances.

Consider the future

Never take such deals lightly – if you default on your payments you could lose your home.

By securing the loan, you show the lender you can pay them back, even if you struggle to find the money. That obviously gives the lender better security and, because of that, you get certain benefits that aren’t available to borrowers of unsecured products. This might be a larger amount of borrowing, a reduced interest rate for your repayments, or even a longer borrowing period.

Secured loans are most commonly repaid over a period of between 5 and 25 years, although even longer terms may be available. They’re often easier to qualify for than personal loans, because the lender knows they can always get their money back.

Talk to us about your loan options

We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

We are proud to be members of the Equity Release Council, the NACFB, the Later Life Academy and the National Skills Academy