Let us help you find the Cheapest secured loan deal
If you are looking for a secured loan, we can help you find the most competitive deal on the market.
As well as offering home loan deals offered by lenders for people with good credit histories we also work with secured loan brokers who search the UK secured loans market to find you the best rate.
- Secured Loans from £40,000 to £2.5m
- Adverse Credit and CCJs loan applications considered
- Loans Up to 30 years
- Leading UK secured lender deals compared
For the latest secured loan deals see the latest deals above or contact us on 0117 313 8872 or complete our loan enquiry form
Cheapest Secured Loans
It can be tempting to go for the cheapest secured loan deal that you find with the most attractive sounding rate, but this isn’t the only factor that you should consider when trying to get the cheapest secured loan deal that’s suitable for you. There are multiple providers whose rate changes regularly with low rates of interest only being used in order to attract customers; which is why it is important to gain expert advice before committing to a secured loan deal.
In addition to looking at monthly repayments, when evaluating secured loan products you should also take the following into consideration.
- Early repayment fees – If you repay the debt early, a lender might charge a repayment fee as they will not be receiving as much interest as they expected.
- Other fees – Some lenders might charge additional fees such as arrangement fees.
- Eligibility criteria – Many lenders have set of requirements to determine your eligibility
- Payment breaks – Some lenders offer ‘payment holidays’, although these could result in the total amount you have to repay being increased.
Types of secured homeowner loans
The type of secured loan that you decide to take out is also likely to affect how cheap your deal is.
- Short-term fixed rate secured homeowner loans – With this type of loan you pay a fixed amount every month throughout the short term of the fixed rate (usually between 1 and 5 years). Your repayments will then revert to the lenders standard variable rate, meaning your repayments could go up or down.
- Fixed for term secured homeowner loans – With fixed-for term deals you pay an agreed fixed amount every month throughout the term of the deal; a less risky investment as your repayments will not fluctuate throughout the entirety of the loan.
- Variable rate secured homeowner – With variable rate loan packages, the interest rate that you pay may fluctuate depending on market forces or the Bank of England’s base rate. Whilst this type of secured loan is seen as slightly more risky, there is a potential to pay a lower rate should the Bank of England base rate drop below the fixed APR.
Where can I find the best secured loan deals?
The majority of secured loan lenders only work through authorised intermediaries, such as ourselves; which is why we recommend that you contact a mortgage broker to give you the best chances on getting a leading deal on your secured loan. In addition to giving you access to leading and exclusive secured loan deals, our team of specialist secured loan advisors can give you assistance and guidance throughout the whole of the application process, and even beyond this.
For the latest secured loan deals see the latest deals above or contact us on 0117 313 8872 or complete our loan enquiry form