Secured Loans

Also know as home owner loan.

To get a quote all you have to do is fill in the short form. You details will be processed and you will be shown the most suitable loans for your requirements with the current rates. You can then choose to apply for the loan if you wish.

A secured loan is money borrowed secured against an asset, usually a home. In effect you are agreeing to sign over the deeds to your home if for any reason the loan repayments can not be made and the loan remains unpaid.

Look for a low interest rate or APR this can be fixed though out the life of the loan although the fixed period may not always be for the whole loan term. It is worth doing some homework before signing on the dotted line. A fixed interest rate means that it will be fixed at a rate agreed at the start of the loan regardless of any rises to the banks base rate. Many people prefer this as it means they are able to budget more easily when the monthly amount does not change. A variable rate can rise or fall in line with any rate changes during the life time of the loan. A ‘typical interest rate' is the rate of interest that you may be offered depending on your own personal circumstances. A ‘set interest rate' is one that is offered to successful applicants regardless of any risk they present.

A secured loan will generally offer more flexibility including;

• Longer loan periods
• More flexible underwriting
• Consideration when dealing with past mortgage arrears, defaults and CCJs
• Generally approved for any purpose
• The APR is often related to how much you are borrowing in comparison to the value of the property

When applying for a loan it is essential that you read all the small print as there may be conditions attached that could affect the way you repay the loan. Such as redemption penalties if you decide to pay the loan off early. This could be an additional sum that equals as much as two month's interest.

For Other Unsecured Loan Providers - Click their logo below to go straight to their website

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Best UK Loans is a trading name of Grovelawn Limited, who are directly authorised and regulated by the Financial Services Authority.
Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY; FSA Registration Number: 314204