Poor Credit Secured Loans
Let us help you find the best secured loan deal
If you are looking for 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 £10,000 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.
Poor Credit Secured Loans
Applying for finance can be difficult at the best of times, and it’s no easier if you suffer from a poor credit score. It is not unusual to see mortgage lenders turn their backs on borrowers with bad credit ratings who are looking to secure additional finance, which is why many borrowers are now turning to secured loans.
Secured loan lenders tend be more flexible in regards to their borrower criteria, and will usually consider a much wider and severe range of credit issues. As a result, obtaining finance with a poor credit score doesn’t have to be the headache as it once was.
A secured loan allows a borrower to take out a loan with an asset put up as security, which is why many lenders see this as a less risky investment and why they are willing to invest in borrowers with poor and adverse credit scores.
What can I secure my loan against?
For the most part, you’ll need to secure your loan against your home which is why secured loans are often referred to as homeowner loans. In addition to owning a UK property, secured loan lenders also usually ask that you set up a realistic repayment plan, and that you have a credit history. Whilst it is worth noting that many lenders are willing to offer finance to those with a less than perfect credit history, the amount you can borrow, loan terms and interest rates are likely to vary depending on your credit profile and circumstances.
However, it is worth taking into consideration that because your loan is secured against your home, failure to keep up with repayments can result in the repossession of your home. That’s why we recommend that you contact a mortgage broker to get advice on whether a secured loan is suitable for your personal circumstances.
What can a secured loan be used for?
Another benefit of taking out a secured loan is that it can be used for an almost endless possibility of uses. Providing it is legal, lenders are generally not fussy about what you spend the money on whether it is purchasing new properties to add to your portfolio, redeveloping your house or even buying a new car.
Taking out a secured loan against one of your assets (especially your home) is a big investment, which is why you should ensure that you have the capacity to afford the repayments. Whilst our secured loan calculator can assist you in filtering out a selection of secured loans that fit your criteria, we still urge that you contact a mortgage broker to assist you.
We have a specialist secured loan advisory team, who can help you calculate the secured loan terms that you can comfortable afford. Additionally, our expert team can also compare a range of leading and exclusive secured loan deals, to help find the ideal loan perfect for your personal circumstances.
If you have any questions or queries about calculating a secured loan, why not call us today on 0117 313 8872, for a free initial consultation; or fill in our contact form to request a call back.