A
Secured Personal Loan is a Personal loan that is secured
on your property, 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.
A
Personal 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.
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.
