Secured Loans

Larger, longer term loans for homeowners

Searching for a secured loan? Complete this form to get started.

What types of secured loan are available?

  • Amounts available from £1,000 to £2,500,000.
  • Repayment terms up to 25 years and the ability to repay early
  • LTVs up to 120% (max loan £10,000 at this level).
  • Available if you have adverse credit (though the amounts and LTVs may be restricted)

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Frequently Asked Questions

What does a Secured Loan cost?    

The rate of the loan will depend on your circumstances (loan size, LTV, income and credit score). A broker fee is also charged to cover valuation and legal expenses and it is usually 7-10% of the loan (lower for larger loans). This fee is usually added to the loan so not payable up front

Will I be required to put a charge on my property?    

In almost all cases yes (the exception is some smaller loans of less than £10,000)

Can I use a Secured Loan to consolidate other debts?    

Yes. This is one of the best uses of a Secured Loan. You can pay off credit card and other expensive debts and consolidate into one monthly payment at a lower rate

If I have bad credit, can I still get a Secured Loans?    

Yes, you can as long as you have sufficient equity in your property and sufficient income to make the repayments. Taking a Secured Loan and maintaining repayments can help improve your credit score.

Can I repay early?    

Yes. Most lenders allow you repay early by giving one month’s notice and paying one month’s payment as a penalty

Is a Secured Loan cheaper than a mortgage?    

This depends on your circumstances. A mortgage or re-mortgage may be the better option for you but a qualified mortgage adviser can advise you better on this.

Will the interest rate be fixed?    

Typically it will be variable, but you can get options to fix for 3 or 5 years.

If I default on the loan, might I lose my house?    

Yes, this is possible. We recommend you think very carefully before securing any debt on your property.

I have a Buy To Let property, can I still get a Secured Loan on that?    

Yes. There are several lenders who will so a second charge secured loan on a BTL property.

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How to get a homeowner loan

For Third Charge Secured Loans, click this link to learn what is available
We can also arrange Secured Loans in Northern Ireland. Click the link for more information


Applying for a secured loan

Arranging a fast secured loan can be relatively straight-forward with the right guidance. Here's what you'll need to start the application process...

  • Eligibility Criteria You must be a home owner and be earning sufficient income to afford your proposed secured loan. How much you can apply for and the interest rate you will be offered depends on your credit score. 
  • Documents Required Initially you will need to complete an online application form. Once we have identified your best options, you will need to complete your chosen lenders, providing proof of ID and income.
  • Speed of Application Fast secured loans can be processed in the space of two weeks. Longer processes can take up to three. Throughout your application, our experienced team can provide support and expert guidance.

The Secured Loan market (also known as the second charge market) has seen huge growth in recent years. The lenders entering the marketplace are not high street banks, rather they are private lenders. The vast majority of these niche lenders will only accept applications via brokers. 

The key to accessing a Secured Loan is demonstrating affordability. If you can prove that you are able to meet repayments, your chances of approval are high.

After affordability is proven, equity and credit will be considered. If you have poor credit but lots of equity in your property, loans should be relatively accessible. Similarly, if you have low equity but good credit, there are also options available.     

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