Loans
Secured loans
Credit is readily available these days in many different forms, on both a secured and unsecured basis. Secured loans, as with a mortgage, enable you to borrow fairly cheaply by putting your home or some other asset up as security.
You can generally borrow a larger amount than you might be able to with an unsecured loan. Although if borrowing large sums of money you may be better off remortgaging as you may be able to get a better deal.
Loans secured against property that is already mortgaged are known as second charges, whereas loans secured against a property owned outright with no existing mortgage in place are known as first charges. Secured loans however differ from mortgages in the respect that they require no upfront survey, legal or other fees.
Find and compare secured loans online
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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