What is a Secured Loan
Secured Loans - what are they?
A secured loan is any loan which requires the borrower to provide the lender with some form of security other than just a promise to pay. For secured loans we arrange, the “security” will be a mortgage over property and usually that property will be the borrower’s home.
Secured
loan - interest rates on secured loans
Very often the interest rate on a secured loan will be lower than
on a comparable unsecured loan. A secured loan may offer more flexible
repayment periods. In many instances secured loans can be repaid over a longer
period with a lower monthly repayment. It is important that you read any
secured loan agreement carefully. Pay particular attention to the rate of
interest required, the term of the loan, the repayments required and the total
amount payable.
If you borrow money using a mortgage as security you are agreeing that the
lender can claim the mortgaged property if you fail to keep to the
agreement. In simple terms a secured loan gives security to the lender,
not to you, the borrower.
Secured loans UK.
Cut your monthly payments with a secured loan
Secured Loans UK. Reduce your monthly payments with a low cost secured loan. Rates from 7.5%. Payout normally within 14 days. We can help you find the most competitive secured loan