A
UK Secured Loan is a loan that is secured on your property,
or to put it another way, a loan that is a 2nd charge on your
property.Your
Mortgage is the 1st charge and is usually the larger amount
of the charges.
In
the UK housing market, a UK secured loan is available from
a variety of lenders, from High St Banks to specialist lenders.
The type of lender you choose will depend on your circumstances.
Whether you are employed or self employed, whether you have
any CCJ's or arrears. The rate you will be charged will also
depend on these factors and also your credit profile. When
determining the best rate these factors are taken into account
and the most suitable lender is chosen, the plan available
is then determined by the factors mentioned. This then sets
the rate at which we are able to obtain your secured loan.
We
are Packagers that have a variety of Lenders on our panel
and can review all our lenders and save you the time and bother
It
is important to note that we as packagers only do a credit
search once we have have quoted you to confirm, your details,
and we only do one search, not multpile searches. As packagers,
it means we have the criteria for all our lenders, this means
we know with certainty whether we can obtain a loan for you.
