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Loans over £30,000 are for homeowners only.

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Secured Loans for Homeowners from £10,000 to £500,000

Unsecured

Representative 12.9% APR:  Representative Example: Borrowing £7,500 over 60 months, repaying £167.57 per month, total repayable £10,054.20.The total cost of credit £2,554.20. Interest rate 12.9% (variable). The lenders on our panel offer loans for 12-60 months, with rates from 5.8% APR to 89% APR.

Secured lending

Loans from £10,000 to £500,000, Interest Rates From Only 5.49%. Read More Here

Money Helper is a free service set up by the Government to help people make the most of their money. Click here if you would like to learn more about Money Helper and their services.
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Secured Loans from £5,000 to £500,000

Representative 12.9% APR: 12.9% APR (variable)
Representative Example: Borrowing £7,500 over 60 months, repaying £167.57 per month, total repayable £10,054.20. The total cost of credit £2,554.20. Interest rate 12.9% (variable). The lenders on our panel offer loans for 12-120 months, with rates from 6.4% APR to 49.9% APR.. read more

 

Money Helper is a free service set up by the Government to help people make the most of their money. Click here if you would like to learn more about Money Helper and their services.

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Consolidate into one affordable monthly payment

Consolidate your debts with a Secured Loan

A secured loan is a type of loan that requires you to put up some sort of collateral, such as your home, to back up the loan. This is why secured loans are often referred to as homeowner loans – if you don’t have a home to use as collateral, you won’t be eligible for this type of loan.

 

Having a single, lower monthly payment could make managing your debts easier and more affordable.

A Consolidation Loan can also help improve your credit rating, providing you make your payments according to the terms of the credit agreement. This can show lenders that you have taken reasonable and responsible steps to repay the money that you owe. 

debt consolidation graphic

Consolidate into one affordable monthly payment

A secured loan is a type of loan that requires you to put up some sort of collateral, such as your home, to back up the loan. This is why secured loans are often referred to as homeowner loans – if you don’t have a home to use as collateral, you won’t be eligible for this type of loan.

 

Having a single, lower monthly payment could make managing your debts easier and more affordable.

A Consolidation Loan can also help improve your credit rating if you make your payments in line with the terms of the agreement. This can show lenders that you have taken reasonable and responsible steps to repay the money that you owe. 

DEBT IMAGE

You can consolidate all these types of debts, and more, into one easy-to-manage Secured Loan

credit cards

Credit cards

Balances don’t feel like they are reducing? No problem, you can consolidate all your credit cards.

overdrafts

Overdrafts

Always living in your overdraft? Don’t worry, you can consolidate.

payday loans

Payday loans

Unable to break free of the payday cycle? We’ve got this too!

personal loan

Unsecured Personal loans

Already have loans but payments are unaffordable? That’s OK – let’s add these to the consolidation loan.

store card

Store cards/Catalogues

Used store cards or catalogues for birthdays or Christmas spending? Whatever the use, these can be consolidated too.

You can consolidate all these types of debts, and more, into one easy-to-manage Secured loan

credit cards

Credit Cards

Balances don't feel like they are reducing? No problem, you can consolidate all your credit cards.
overdrafts

Overdraft

Always living in your overdraft? Don't worry, you can consolidate.
payday loans

Payday Loans

Unable to break free of the payday cycle? We've got this too!
personal loan

Personal Loans

Already have loans but payments are unaffordable? You can add these to the consolidation loan.
store card

Store Cards/Catalogues

Used store cards or catalogues for birthdays or Christmas spending? Whatever the use, these can be consolidated too.

Apply for a secured loan in just a few easy steps:

Our Secured Loan Application process is easy – and you can complete our online form in the time it takes to make a cup of tea.

3 step application

Step 1. Online Application

Complete the 60 second online application form and we will review your application 

Step 2. Confirm Details

We will be in touch to confirm your details and let you know the outcome of your application

Step 3. Application is Approved

If your application is approved you could have the money inside 24 - 48 hours!

Secured Loan FAQs:

If you’re seeking information on secured loan FAQs, you’ve come to the right place. In this comprehensive guide, we will delve into various aspects of secured loans and provide answers to some of the most frequently asked questions.

Yes, a homeowner loan is a secured loan. That means the loan is backed by collateral—in this case, the equity in your home. If, for some reason, you can’t repay the loan, the lender can take your home to get their money back.

Because homeowner loans are secured, the interest rates are usually much better than unsecured loans like credit cards or personal loans. And secured loans often let you borrow quite a bit more. But still, you have to be careful because if something goes wrong and you default, you could lose your house! Only borrow what you can afford to pay back.

Home equity loans should only be used for essential things, like emergency home repairs or debt consolidation. They’re not for vacations or shopping sprees! Make sure you go in with your eyes open. Read all the fine print, understand the rates and fees, and only take out what you need.

As with any loan, the most important things are:

  1. Make sure you 100% need it and can afford the payments.
  2. Read and understand the full terms before you sign anything.
  3. Borrow only what you need to repay it as quickly as possible.
  4. If you can’t make payments, you risk losing your home.

So, in summary, yes, homeowner loans are secured—but you have to be responsible with them! If used wisely and carefully, a home equity loan can be a useful way to tap into your home’s value. But you have to go in prepared.

Absolutely! Secured loans are a possibility even if you have poor credit. These loans require collateral, such as your car or house, to be approved. The loan amount and interest rate you’re offered will depend on your credit score, income level, and debt-to-income ratio. Generally speaking, lenders are more likely to approve secured loans for people with bad credit compared to unsecured loans because there’s less risk involved for them. Nevertheless, you should be prepared for higher interest rates than someone with a good credit score.

Getting a secured loan with an average credit score is possible, but it might not be a walk in the park. Lenders often require higher credit scores for secured loans since they’re backed by collateral. However, some lenders might still consider applicants with lower credit scores if other factors make them attractive borrowers, such as a steady income or a low debt-to-income ratio. It’s essential to shop around and compare different lenders’ requirements before applying for any loan.

The minimum credit score required for a secured loan varies depending on the lender and the type of loan. Generally, lenders require a score of at least 620 to qualify for a secured loan. However, some lenders might require higher scores or additional criteria such as income level or employment history. To find the best deal that meets your needs, it’s crucial to shop around and compare offers from different lenders. Consolidation Help is a broker, not a direct lender so we will use our panel of trusted lenders to find you the best Secured Loan deal.

Whether or not you are going to be accepted Secured loan conditions typically involve property or other valuable assets, to secure the loan. Borrowers must also meet the credit and income requirements set by the lender. Additionally, borrowers with poor credit histories should expect higher interest rates and may face penalties for late payments or defaulting on the loan.

The main disadvantages of a secured loan include the potential loss of collateral in case of default, generally higher interest rates compared to unsecured loans (especially for those with poor credit), longer repayment terms leading to more accrued interest over time, and additional fees associated with securing and maintaining collateral.

Secured loans can be risky because they require borrowers to pledge their assets as collateral. If borrowers fail to make timely repayments or default on their loans, lenders have the right to seize these assets. This could result in significant financial losses for borrowers who lose valuable possessions like homes or vehicles.

Pros:

  • Potentially more significant borrowing amounts due to asset-backed security
  • Easier approval process for those with lower credit scores
  • Possible lower interest rates than unsecured options (depending on the borrower’s credit)

 

Cons:

  • Risk of losing pledged assets in case of default
  • Higher overall costs due to collateral-related fees
  • Longer repayment terms can lead to more accrued interest over time