What a Secured Loan could do for You

A secured loan could ;-

  • Allow you to consolidate your monthly outgoings on credit/store cards and loans –leaving you with just one convenient and manageable monthly payment.
  • It can provide you with the keys to unlock some of the equity tied up in your home without having to re-mortgage, particularly useful if either you or your partners credit rating has deteriorated since arranging the current mortgage.
  • Allow you to borrow money even if there is insufficient equity left in your home for your mortgage lender to lend. – Our brokers can arrange loans up to 125% of your home’s current market value.
  • Allow you to spread the costs over a longer term (up to 25 years) than personal loans, which normally only allow you to borrow over a maximum of 10 years, - allowing you to decide just how much you want to repay per month.
  • Provide you with the funds more quickly than a re-mortgages. Our brokers aim to have funds in your bank account within 3-4 weeks, compared to 6-8 weeks for a re-mortgage.

Disadvantages

Please note

  • For arranging a secured loan, arrangement or processing fees may be added. Whilst these will be included in the illustration provided they will make the overall cost more.

  • Should you wish to pay off the loan early, there may be early redemption penalties. Please check any illustration and loan agreement for details before proceeding.

  • By securing an additional loan against your property, until it is cleared you will be reducing the equity available in your property.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

The FSA do not regulate loans. Typical rate 12.7% APR variable. Depending on your circumstances we may charge you an administration fee of up to 10% of the loan amount.

Advice on Money is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Services
Authority. Sesame is entered on the FSA register (www.fsa.gov.uk/register) under reference 150427.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at
consumers based in the UK.

Home | Submit an secured loans enquiry | What a Secured Loan could do for You | Secured Loans Q & A's | Loans Calculator | Contact Us | Site Map

Low Cost Personal Loans and Secured Loans for Homeowners in Berkshire
Low Cost Loans for Homeowners
Freephone 0800 970 4882