FinanceTeam

Secured Loans

If you own your home and have an existing mortgage, then you will normally be eligible to apply for a secured loan. This type of loan is made available by lenders when they can secure the money they are lending against some kind of asset - your home's equity in 99% of cases. If the lender can secure home equity loans in this way, then they can feel more confident that the loan will be repaid according to the terms of the contract. Because of this security, a secured loan may attract a lower rate of interest or the lender may be prepared to lend a larger sum than they would otherwise. Another difference may be that the loan term could be extended to 15 or sometimes 25 years.

Here at Finance Team, we specialise in searching the UK marketplace for the best in secured loans and comparing the hundreds of products for you to get you the best deal available to you. Simply apply online now with absoutely no obligation (and no fees) and see just how great customer service and great products combine!