Secured loans

A secured loan or secured charge mortgage is simply a way that homeowners can secure a loan using equity in their property as security.

Popular reasons that people want a secured loan include:

  • Home improvements
  • Debt consolidation
  • Divorce settlement
  • New car purchase
  • Holidays
  • School fees

and are suitable when you are tied into an existing mortgage with exit penalties, or have an interest rate that you would prefer to keep, then a Secured Loan (commonly known as a Second Charge mortgage) may be the most suitable option for you.

Secured loans can be arranged on:

  • Principle places of residence.
  • Buy to Let properties.
  • Commercial properties.

Secured loans offer a number of potential benefits:

  • Short completion time.
  • Usually a lower interest rate than an Unsecured loan (which are limited to £25,000)
  • Loans available from £5,000 to £2,500,000
  • Avoid paying Early Repayment Charges (ERC) on your first mortgage.
  • Early Repayment Charges on a secured loan are typically just one month’s interest.
  • Loan qualification determined on affordability-based income multiples.


Please contact us to discuss your requirements and we will tell you the options available to you.