A secured loan is a loan arranged on the assumption that the borrower offers the lender a surety on their loan - often the borrower's home. Many people opt for secured loans because it's usually possible to borrow far more than you would be able to with an unsecured loan - but secured loans are not ideal for everyone. Things to consider before applying for a secured loan Secured loan repayments usually range from 3 to 25 years and are repaid in monthly instalments.
An adverse credit rating can have an effect on the loan rates you're offered - check your credit report to confirm its accuracy before applying for a secured loan. Some lenders may charge a penalty if you repay your secured loan earlier than agreed. Let us take the strain away and find the right secured loan for you.
Our charges are usually 1% of the loan. i.e. £1000 on £100,000 mortgage. The overall cost for comparison is 7.5% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Smart Credit + is an Appointed Representative of Pink Home Loans. Pink Home Loans is a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Services Authority.
The Financial Services Authority does not regulate unsecured loans, commercial mortgages, conveyancing services, some forms of debt consolidation and some forms of buy to let mortgages.
The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK