Secured Loans Calculator

Let us help you find the best 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 £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 or complete our loan enquiry form

Secured Loan Calculator

What is a secured loan?

A Secured loan (also known as a second charge loan) is a loan that you take out with a particular asset of yours (usually your home) put up as security. As a result, legally speaking, the creditor from whom you are borrowing the money will retain legal ownership of the asset in question, until you repay the loan.

As a general rule, the amount that you borrow is most likely to be determined by the value of your equity, or in some cases the value of the asset. Whereas the amount of interest payable and the length of the borrowing term are more likely to depend on your individual financial circumstances and credit rating.

Should I take out a secured loan?

Like any financial product, there are both pros and cons to taking out secured loans, and whether it is the right decision for you to take out a secured loan is likely to depend on your situation and the circumstance. A few instances when borrowers might be advised to consider a secured loan are when:

You’ve already got an excellent mortgage rate – If you’ve already got an unbeatable rate on your mortgage, a secured loan will allow you to secure the additional capital you need without disrupting the current rate you have on your mortgage.
You’ve got an adverse credit rating – Typically lenders of secured loans tend to have more flexible lending criteria and are likely to consider a much wider and sever range of credit issues.

You need the money quickly – Generally, the time it takes from application to receiving the money is much quicker than a mortgage. Secured loans are often quick to set up and in cases where the LTV is low and a valuation isn’t needed, money can be released the same day.

You struggle proving your income – Secured lenders can be more flexible and understanding when it comes to proving your income, which means it is often easier for self employed borrowers and contractors to secure the finances they need.

You want to raise capital up to 95% of the value of your property – Some secured lenders are happy to lend up to 95% of the property’s value, providing that you meet their criteria.

Secured loan calculator

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.

For the latest secured loan deals see the latest deals above or contact us on 0117 313 8872 or complete our loan enquiry form