Choice Blog

What do lenders consider when arranging secured loans?

Last post: Sep 20, 2018

Once upon a time, a payslip, a valuation and quick credit search were all that was required to arrange a secured loan (second charge mortgage). Today processes and regulations are, quite rightly, much more stringent.

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Lender competition makes secured loan market more innovative

Last post: Aug 20, 2018

Increasing competition in the secured loan market place is pushing lenders to become more and more innovative with their products, reaping dividends for consumers.

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Over 65? Your secured loan rates are the best on the market

Last post: Jul 31, 2018

Fresh data has revealed that older people (above 65) now enjoy the most affordable secured loan rates on the market. The advertised annual rates available to senior citizens are less the half those available to 21-30 year olds.

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Second charge vs. Mortgage: Which will work for you?

Last post: Jun 10, 2018

Whether you’re planning an extension or need to free up some capital for another reason, it’s not always easy choosing between a second charge on your home or remortgaging.

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Should you use a secured loan to renovate your home?

Last post: Mar 26, 2018

The UK is becoming a nation of nesters. Over the past four years the number of homeowners choosing to make home improvements instead of making a move has shot up five fold, rising from 3% to almost 15%.

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Are second charge borrowers inflating their incomes?

Last post: Feb 9, 2018

The Financial Conduct Authority is investigating some second charge lenders who may have offered secured loans to borrowers on the basis of falsely inflated incomes.

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