SECURED PERSONAL LOANS
Secured personal loans, sometimes referred to as "Second Charges" are a straightforward and fast way for existing home owners to obtain an any purpose cash advance of £5000- £100,000. A home owner loan uses the spare equity in your property, the value of your home after your mortgage. If you have equity in your property you can borrow against it. This includes customers living on fixed benefits or pensions as income. You just need to show you can afford to make your loan payment and meet your existing commitments.
Secured loans then are easier to obtain even if you have experienced previous and even current credit difficulties, CCJ’s, defaults or arrears. Quite often a customer will use a secured loan to consolidate mortgage arrears and other debts. You only need to show that you will be able to pay the new loan and meet your current financial commitments. A secured personal loan is separate from your mortgage and becomes a second charge on your home after your mortgage company.
Home owner loans are ideal for consolidation of borrowings, allowing you to spread the cost of existing commitments over a longer period, importantly at a much lower rate of interest even if your credit rating is not so good.
Many homeowners choose to use a secured loan for home improvements, loft conversions, extensions, conservatories, double glazing etc. All of which helps in adding value to your biggest asset as well as making your home more comfortable.
Should you be thinking of injecting some capital into a business, acquiring an additional property as buy to let or assisting your kids in buying their first home, a secured loan can be used for any of these purposes.
Secured personal loans can be arranged very quickly. Once you have made an Online an enquiry it is possible to obtain a quotation and agreement in principal the same working day. If you wish to proceed an agreement is sent to your home for you to sign and return and if necessary a valuation of your property will be arranged. The Average turnaround time from online enquiry to loan paid out 18 days.
Loans2you are independent home owner loan specialists. We are not affiliated to one secured loans company. We do all the work for you in finding the most competitive deal based on your individual situation.
Had a secured loan quotation already? Why not try us anyway? We are confident we can save you money whatever your circumstances. Employed, self employed, good or bad credit cases our job is to obtain you the best quote possible. Our experience in the secured personal loan market means we know which of our panel of lenders to talk to on a deal by deal basis. This not only saves you time, it can save you money in interest. Here is a summary of our secured loan service:
