Secured Loans

How do I apply to get secured loans on my property ?

Fill in the 30 second secured loans quote form.
We compare the secured loans market and provide you with the best secured loan deals available.
Once agreed, you can get your secured loan in as little as 5 days.

What exactly are secured loans ?

There are many times in our lives when we find ourselves needing extra funds, and this is when secured loans become one of the wisest options that can be considered. The purchase of a car may be a necessary investment, yet the fact remains that cars are – by nature – expensive items that invariably cost more than we are likely to have to hand, and this is why secured loans are often used to purchase items of this sort.

So how do secured loans differ from other types of loan? The clue is in the name: a secured loan is one that is taken out with some form of security against it, a security that guarantees the lender some recompense should the borrower fail to keep up with the required repayments.

For example, in the instance we chose – buying a car – the loan would be secured against the value of the vehicle, and if repayments are not kept up the lender would be entitled by agreement to take the car as compensation.

There are pros and cons to secured loans, and they range from the cost of the deal to the availability of financing. In general, it is easier for someone to find a lender willing to forward a secured loan than it is an unsecured one, and the reasons are obvious: in the event of default on payments the lender has a better chance of recouping the cost if there is an asset on which the loan is secured.

Among the more commonly used secured loans is the mortgage, essentially a loan taken out against the value of the property it is used to purchase. Again, should the borrower default the lender will repossess the house, thus recouping the fair share of the money lent in the first place.

The other most common form of secured loans applications are for debt consoldation. This is where someone will take out a secured loan to consolidate all of their existing debts, into just one much more affordable monthly payment. This is possible due to the fact that interest rates for secured loans are drastically less than credit card or unsecured loan APR rates.

Secured Loans Quote

Loan Details
Loan amount required:
Purpose of loan:
Employment status:
Annual Gross Income:
Are you a homeowner?	YES NO
House Value: Do you have a mortgage? YES NO Mortgage Outstanding:

Personal Information
Title:
First Name:
Last Name:
Status:
House No:
Address:
Town:
County:
Postcode:
Telephone:
Work/Mobile:
Contact Time:
Email:
DOB:
Credit Rating:

How secured loans can help you financially

For those with collateral in their properties – that is the point at which the value of the house exceeds the amount of outstanding debt secured upon it – the option of taking out further secured loans against the value of the property may be possible.

Lenders are keen to take on board those people that have sufficient capital or asset value to pay back a loan that may be defaulted upon, and thus extending a mortgage or taking out a further loan on the property is common.

Advantages of secured loans

One factor that will influence the chance of securing secured loans is the state of the individuals credit record; this is a scoring system that rates how likely the borrower is to be able to repay any debt.

People that have suffered defaults on mortgages or loans in the past are more likely to be successful in obtaining a secured loan, than an unsecured loan. This is because the loan is secured against the value of your house, so is therefore a much safer option for a loan lender to lend you money in the form of secured loans.