Back to www.uk-loans-mortgages.com Quick Secured Loan Application
A secured loan allows you to retain your existing mortgage and take
out a further borrowing secured on your property typically from a different
lender. Secured loans tend to be more flexible, easier and quicker to process
and require no upfront survey, legal or other fees.
Secured loans are available in varying amounts and
for any purpose, including debt consolidation, home improvement, car purchase,
business purposes and credit repair.
You can borrow any amount from £3000 to £50000 and repay it over
any period from 3 to 25 years. You simply select a monthly payment that fits
in your your current circumstances and goals.
Generally, secured loans tend to be cheaper than unsecured loans and
other forms of borrowing. This is because the lender has the added
benefit of security, which provides protection in the event of a customer's
inability to repay. This also means that persons who are self-employed, or
who have recently changed jobs, or who have adverse credit (ccjs, arrears,
defaults, etc.) can take out a secured personal loan. They are also useful
for larger amounts or where the applicant requires a longer repayment period.
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