Secured Loans

Secured Loans
Secured borrowing is MUCH cheaper than almost any other form of borrowing, it is fast and efficient and fairly flexible.

Secured finance is available to almost anyone with a home that has some equity in it, (although not all). Secured lending can often go up to 125% of the value of your property. A property with a mortgage of £80,000 but worth £100,000 could qualify you to borrow up to and additional £45,000 secured lending.

Loans secured against your property will normally have a minimum amount of £3,000 and a maximum of £250,000, although for higher amounts it might be better to investigate re-mortgaging.

One of the main benefits of secured lending is the speed at which you can get your hands on the money, it can be a matter of a couple of weeks from application to your receiving a cheque, sometimes even quicker.

The cash released can be used for any reason, and do not have to be for a specific purpose, any longer.

Another form of flexibility with secured lending is that you can set the term to coincide with an event, such as retirement, or the end of your existing mortgage.

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