About Secured Loans

These loans are secured against property and are invariably registered as a secured charge behind the client's primary mortgage. However, buy-to-let schemes are also available.

They can be used for almost anything, including debt consolidation, home improvements or even a holiday.

Many brokers would recommend a second charge where clients would face a substantial early repayment charge should they re-mortgage. This may also arise if a client moves from a high street lender to a sub prime lender due to recent poor credit.

In addition to this, your client may well qualify for a cheaper rate compared to an unsecured loan. Secured loans are often available to clients declined other forms of credit.

Credit problems are not always the reason a secured loan might be most appropriate for a client. It is an increasingly convenient way for high net-worth clients to generate substantial sums of money quickly, with the rates often being lower than expected.

Self-certification schemes are also available when required, as well as plans offering 100% of the property value. Loans are available from £5,000 to £250,000 over a 5 to 25 year term, on a repayment or interest only basis.

  • Rates start from 7.9%
  • Buy To Let Properties up to 80% LTV
  • Loans available from £5,000 to £250,000
  • Self Employed clients accepted up to 95% LTV
  • Unlimited adverse schemes
  • Pre emption ignored on ex-council properties
  • Foreign nationals acceptable
  • 100% LTV plans available
  • Minimal mortgage history
  • Interest only plans available
  • Over 1000 product offerings available
Copyright © 2019 Needaloan.co.uk | site map