Find your debt solution today!
Anybody over the age of 18, resident in the UK and a homeowner.
Secured loans can be an alternative to re mortgaging your property. You may be tied in or have a costly redemption penalty but still want to raise money, a secured loan can help.
Loans are available for any legal purpose including: debt consolidation; the purchase of a new car; or home improvements.
From £5,000 to £50000 and from 5 years to 25 years depending on your individual circumstances.
This is not always a problem as lenders can cater for your needs, but you may be required to pay a higher rate of interest.
The majority of loans are now regulated by the Consumer Credit Act 1974, which means the maximum interest that can be charged on paying back the loan early is just 2 months interest. There are some exemptions to the act, including where the loan is being used for business purposes. In these cases the loan would be treated as unregulated and different redemption penalties could apply.
As with most financial borrowings, the rate will all depend upon your personal circumstances. Lenders will take into account your age, income, credit history and your ability to repay the loan.