Secured loans are loans that use one or more of your assets as security should you be unable to pay the load amount. This is almost always your property in the same way that your mortgage uses your house as security.
Secured loans are different in that they require no up front survey, legal or other fees. Secured loans can be used for any purpose. Often secured loans are used to consolidate debt, for home improvement, new car purchase or indeed anything else you might choose.
Secured loans can offer better interest rates than unsecured loans because of the security provided for the lender and are easier to obtain.
Repayments on secured loans are monthly and over a fixed period of time, usually between three and twenty five years. There may also be early repayment penalties on these loans.
If the loan amount is below £25,000 this will be regulated and you will have a seven day cooling off period to allow you to change your mind if you decide the loan is not right for you.
Use our calculator to an idea of the monthly costs of a Secured Loan or complete our quick enquiry form and a specialist adviser will contact you.
these are a sample of some of the companies available
Secured Loans are not regulated by the Financial Services Authority
Some of the above services may not be regulated by the Financial Services Authority
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
personaltouchfinancial.co.uk is trading style for website purposes of Personal Touch Financial Services East Midlands which is an appointed representative of Personal Touch Financial Services which is authorised and regulated by the Financial Services Authority.
We do not normally charge a fee for mortgage advice, however a fee paying option is available. Our typical fee would be £500
Secured Loans
