Secured Loans
Secured loans are a cash advance made by a lender in which the borrower provides a substantial asset such as their home, as collateral. The implication of this is that if a borrower fails to meet the secured loan repayments, then the lender may legally take steps to secure the asset offered as collateral and sell it to repay the debt.
This means that you should think very carefully before taking out any loan secured against your home.
The main benefit of a secured loan is that they are usually offered at a lower interest rate than an unsecured loan or bridging loans.
When you're ready to, feel free at any time to send us your details using the form on the right and we'll connect you with an expert mortgage advisor to discuss all your options. Don't forget, all of our advice is free!