Secured Loans
We. Do. Secured. Loans. FAST.
Secured Loan?
Yes, a secured loan, it goes alongside your current mortgage. It’s a type of loan that uses an asset, usually your property as collateral (security).
This extra security means there’s less risk for the lender and allows you to borrow more at a lower interest rate than an unsecured loan.
Should I get one?
A secured loan may make sense if your main mortgage is on a low rate or interest or if you're on a fixed mortgage that would be expensive to leave.
Secured Loan Benefits
See the benefits of secured loans!
- Only One Month’s Interest Penalty if You Leave Early
- It Doesn’t Affect Your Main Mortgage
- Larger Loan Amounts
- Low Interest
- More Time to Repay if You Need
- Fast and Simple Process
How much can I borrow?
The amount you can borrow with a secured loan depends on 3 factors.
You Home - Factor 1
The more your house is worth the more money you can potentially borrow.
Your Equity - Factor 2
Just because your house is worth a lot doesn't mean you can borrow a lot; it depends on your equity. The more equity you have, the more you can borrow.
Credit History - Factor 3
The better your credit history the more you are likely allowed to borrow and your chances of being accepted for a loan better.
We offer Unsecured loans too!
Unsecured loans are like secured loans, but there's no asset or security for the lender.
The amount you can borrow may be less and the amount of interest you'll pay is usually higher on unsecured loans compared to secured loans.
What do I need to apply?
See below what you need to apply.
- Proof of home ownership
- Proof of address and address history for last 3-5 years
- Identification documents
- Proof of income (tax return, payslip or bank statements)
- Information on your incomings and outgoing
Book Online or In person Meeting
Book Appointment
We offer online, phone or in-person appointments. Book an online appointment, email us or call us and let's start the process together.
We start searching
Meet your friendly advisor
After learning a bit about you, our advisors will begin searching the ENTIRE market to find you the best deal
Discuss your options
Receive a TLC Service
Once we've found a few options for you, we'll contact you and if you're happy we can start the full application. Your advisor will explain everything to you.
