Frequently Asked Question
How affordable are secured loans for home owners ?
UK homeowners often have equity in their property that could be released to fund major home improvements or purchases. A loan secured on your property carries far less risk for the lender and in return, they will usually offer you much lower interest rates.
Moving home has become so expensive, it's often cheaper to stay where you are and extend, especially with a cheap secured loan from Secured Loan UK .com
Just complete our Secured Loan Application Form and we'll contact you with a competitive quote.
We offer a wide range of cheap secured loans for UK Homeowners looking to borrow money cost-effectively - up to £250,000 for any reason.
- No fees
The variable monthly repayment quoted is what you pay with no hidden administration costs. - Flexible repayment periods
Borrow between £5,000 and £250,000 - and choose between 3 and 25 years to pay. - Optional payment protection
For extra peace of mind protect your payments against unemployment, accident and illness.
Getting a cheap secured loan
- Credit checks
Before lenders consider lending you credit they will undertake a credit check. A credit check determines your credit history whether you have any CCJ's, defaults or outstanding credit card bills. - Credit scoring
This process is used by most lenders to determine what level of credit risk you are. They use a scoring system based on credit history; good or bad, length at current address, security, employment, income and answering these questions gives them a score or Credit Rating. Mainstream lenders only want high scores. However, there are specialist lenders who may be able to arrange a loan even if you have a poor credit rating.
With Secured Loan UK .com, no matter whether you're Status or Non-Status, being a Homeowner means we aim to find you a competitive rate that matches your credit history.
All you have to do is complete our Secured Loan Application Form and let us give you a FREE and under NO obligation quote.
