What are secured loans?

Secured loans are loans that are secured against a property. The borrower agrees to secure a loan on an asset (House) to guarantee payment.

Why do people want use secured loans

Secured loans are usually easier to obtain as lenders have the security of your home, so they are more willing to lend to people with poor credit scores.

Also you can borrow larger amounts with secured loans typically up to £75,000 or more, whereas with an unsecured loan it is often around £25,000 or less.

 You can contact one of the companies below regarding secured loans who may be able to help you.

Warning: Think carefully before securing other debts against you home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other dept secured on it.