Secured Loans

Looking for a secured loan?

The Personal Finance Centre have a team of fully qualified and very experienced loan advisors, who are each an expert in all aspects of the secured loan market.

We have years of experience in finding the best solutions for thousands of our customers.

We offer a range of secured loans to suit most circumstances.

Rates from 6.2% pa

• Immediate decisions and detailed terms - after speaking to your dedicated loan advisor
• Loans from £5,000 to £1 million
• Loan terms 3 years to 30 years
• High Loan To Values - Up to 100% LTV plans available
• No upfront fees or hidden charges
• Soft credit searches – we won’t affect your credit score!
• Free valuations – if a valuation is required (Instant desktop valuations used for most applications)

Large number of competitively priced plans that allow for:

• Poor credit scores
• Missed payments
• Mortgage arrears
• CCJs
• Defaults

We can provide you with a secured loan that has the most competitive interest rate available in the market, based on your personal circumstances.

Please try our easy to use secured loan calculator to see how much a secured loan might cost per month.

Secured loans can offer advantages over other types of loans:

• Larger loans – Unsecured loans are limited in their loan size, normally up to £15,000 as a maximum with a few lenders offering up to £25,000 and £35,000. Depending on available equity and underwriting, secured loans of over £100,000 are common.
• Longer loan terms – Secured loans can be set up over with repayment periods of up to 25 years with most lenders and even a 30 year term is also available. Unsecured loans are often limited with maximum terms of 7 years.
• Lower interest rates – Since they are secured against property, there is a much reduced risk of payments being missed, a loan going into default and a lender losing money. Therefore, they don’t have the losses of unsecured lenders, so can afford to charge lower interest rates.
• More flexible lending criteria – Unsecured lenders are very careful who they lend to and they try to minimise loan accounts falling into default in the future. Consequently they will tend to turn applicants down who have credit problems, or if they don’t, they will most likely charge a significantly higher interest rate to help cover the added risk. Similar to car insurance who charge higher premiums for people who have claims and driving convictions. Secured lenders have the additional security in case the loan defaults and is called in. Therefore they can afford to be more flexible with their underwriting, and approve applicants that an unsecured lender may decline.

A secured loan offers flexibility and can be used for almost any purpose:

• Debt consolidation
• Home improvements
• Family holidays

Applying for a secured loan with The Personal Finance Centre is very easy.

We will take the time to fully understand your requirements and circumstances, before finding the best loan deal for you.

What is a secured loan?

A secured loan or homeowner loan can be a great option if you are looking to borrow a larger sum (upwards of £10,000). Secured loans use your property as security against the loan amount you are looking to receive.

Therefore, it is important to have a realistic payment plan and we can help you with this.

Keeping up payments is very important as your property could be at risk should you fail to meet the terms of your agreement.

What if I have bad credit?

It can be even easier to get a secured loan over a traditional loan if you have previous credit issues. Having an adverse credit history does not mean you would be unable to apply for a secured loan.

If you are concerned about you credit history, please call one of our expert loan advisers on 01482 968600. They will be happy to talk you through your available options.

What do I need to apply?

• Main owner of property
• Permanent UK resident
• Employed or self employed, or claiming a pension
• Able to afford the monthly payments

If you feel like you are ready to apply for a secured loan you can use our quick and easy online application form, or alternatively you can call one of our friendly advisers who will discuss your options 01482 968 600.

When you apply to us, we will discuss your options. There is no obligation or pressure sales. We are finance specialists, not salespeople.

Frequently Asked Questions

Can I apply for a secured if I have credit problems?

Yes, there are lots of secured loan plans that allow for credit problems. Many also offer very favourable interest rates.

When underwriting loans, lenders look at the potential risk. A poor credit history is considered a risk, but the fact that the loan is secured against a property helps to offset this risk.

How much can I borrow using a secured loan?

Our loans start from £5,000 and go up to £1 million.

The maximum loan available will depend on the loan to value and available equity in the security property, the cost of the monthly repayment when compared to available income, and credit history.

How long can I have a secured loan over?

Our repayment periods start from 3 years and go up to 30 years. Many lenders have a maximum loan term of 25 years, but there are some options for 30 years.

The loan can be repaid in full or in part at anytime.