Secured loans are loans that use one or more of your assets as security should you be unable to pay the loan amount. This is almost always your property in the same way that your mortgage uses your property as security. Secured loans do not require an up front survey, legal or other fees.

Secured loans can be used for any purpose. Often secured loans are used to consolidate debt, for home improvement, new car purchase, for example.

Secured loans can often offer better interest rates than unsecured loans because of the security provided for the lender and are easier to obtain.

Repayments on secured loans are monthly and over a fixed period of time, usually between three and twenty five years. There may also be early repayment charges on these loans.

Consolidating existing debts may increase the term and the total amount payable.

Secured and Unsecured Loans are not regulated by the Financial Services Authority

For advice and assistance on loans please contact us