At Loan.co.uk We Only Deal With Property As The Asset.

A secured loan is a loan that uses an asset of the borrower as security or “collateral” against the debt. A secured loan is backed by something you own. A secured loan is an alternative option to a full remortgage when the client:

Lenders Will Look At The Value Of Your Home, As Well As Your Personal Credit History When Deciding Whether To Offer You A Secured Loan;

A secured loan is money you borrow that's secured against your property. Loan.co.uk limited is a credit broker and not a lender. Also known as a “homeowner loan” or “second charge mortgage”, in the event that you fail to repay your loan, the lender can take ownership of the equity you have in your home.

A Secured Loan Lets You Use Your Home As Collateral Against The Cost Of The Loan.

In addition to low interest rates, secured loans also have long repayment terms. You’re aged 18 or over and live in the uk (excluding the channel islands and the isle of man) you’re in paid employment or have a regular income; For secured loans a broker fee of up to 5.9% of the loan amount may be payable.

A Secured Loan Is A Loan That Requires You Use Your Property As Security Against The Loan, So The Lender Is Able To Balance The Risk Of Lending To You.

In the uk, secured loans are easier to get than unsecured loans. As it's only available to people who own their home, it's often referred to as a homeowner loan. A secured loan allows you to borrow more for longer than you would be able to with a personal loan.

This Means That You Agree To Give The Lender The Asset If You Don’t Repay The Loan.

Secured loans tend to be a lot more complex than other types of loans making it important to do your homework before deciding to apply for one. You don’t have a history of bad credit, such as bankruptcy or ccjs Secured loans are also known as homeowner loans or 2nd charge mortgages, which all provide additional funding without affecting a current first charge mortgage.