Mortgages

Secured Loans

A secured loan is similar to a mortgage in so much as your property is offered as security against the loan. The lender will take a second charge against your property, which means that their interest will be noted on your deeds below that of your mortgage lender.

A secured loan may be appropriate where your current lender is either, unwilling or unable to help you and may avoid the cost of early repayment fees.

Unlike personal loans, which are unsecured and generally need to be repaid over a relatively short term often between two and five years, secured loans can be spread over the term of your main mortgage making repayments lower.

Monies can generally be raised for any legal purpose and lenders criteria can be more generous often allowing more money to be raised than would be available from a normal mortgage.

If you would like more information please contact us.

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